120 State St

Rutland, VT 05701

$1,140,000
Last Sold Price
—
Beds
2,000 Sq. Ft.
$570 / Sq. Ft.
2,000
Sq. Ft.
$570
per Sq. Ft.
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Closed 6/17/25
Closed 6/17/25

Description

Great opportunity for investors, A package of 20 rental units , Consists of 8 multifamily buildings, all in Rutland City in close proximity to each other,All units will be transferred with certificates of occupancies, Great rental history, This property produces over $334,380 in gross rent in total revenues, The net cap rate is over 15% , The net income is over $214k per year, Not including management fee or vacancy rates, and this numbers are pro-fourma, assuming all units are rented. The current...Great opportunity for investors, A package of 20 rental units , Consists of 8 multifamily buildings, all in Rutland City in close proximity to each other,All units will be transferred with certificates of occupancies, Great rental history, This property produces over $334,380 in gross rent in total revenues, The net cap rate is over 15% , The net income is over $214k per year, Not including management fee or vacancy rates, and this numbers are pro-fourma, assuming all units are rented. The current owner has owned them for years and is retiring. Profits have proven to be consistent and growing every year, Constant upgrade repairs have been made to all systems I.e Heating, Water to optimize efficiency.
  1. Listed by Mike Kalil • Watson Realty & Associates

Sold By Watson Realty & Associates

Property Details for 120 State Street

Zoning
Residential
LISTING CLOSED: 06/17/2025 12:00 AM

Property Details for 120 State Street

StatusClosed
MLS #5038540
Days on Market1
Taxes$4,215 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1975
Lot Size0.15 AC / 6,534 SF
CountyRutland County
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Location

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Building Information for 120 State Street

Stories2Residences20Year Built1975Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

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$6,146 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,794

Property Taxes

$351

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 120 State Street

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.608877841885850
  • Longitude: -72.984609728836048
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 540-170-13633
  • Tax Year: 2024
  • Taxes TBD: Yes
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot - Sqft: 6534.0
  • Lot Features: City Lot
  • Lot Size Acres: 0.15
  • Road Frontage Length: 44.0
  • Square Feet Apx Finished Above Grade: 2000.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 2000.0
  • Square Feet Apx Total Finished: 2000.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 0.0
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Brick, Stone
  • PreConstruction: No
  • Surveyed: No
  • Year Built: 1975
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable
  • Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Wood Exterior
  • Roof: Slate
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full
  • Total Full Baths: 20
  • Heating: Oil
  • Cooling: None
  • Total Stories: 2
Multi Family
Multi-Family Information
  • Total Units: 20
  • Total 1 BR Units: 3
  • Total 2 BR Units: 8
  • Total 3+ BR Units: 11

Property History for 120 State Street

DateEvent & SourcePriceAppreciation
Jun 17, 2025

Sold (Public Record)

Public Record #1902143746

$171,000

+12.9% / yr

Jun 17, 2025

Sold

New England Real Estate Network #5038540

$1,140,000—
May 1, 2025

Pending

New England Real Estate Network #5038540

—
DateEvent & SourcePrice
06/17/2025

Sold (Public Record)

Public Record #1902143746

$171,000

+12.9% / yr

06/17/2025

Sold

New England Real Estate Network #5038540

$1,140,000
05/01/2025

Pending

New England Real Estate Network #5038540

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 120 State Street

Taxable ValueLand$24,400Additions$84,400Total$108,800
Home Facts
Beds0Lot Size6,534 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 13633

Schools near 120 State Street

This home is within Rutland City School District.
Rating
School
Type
Grades
Distance
Rutland Intermediate School
Public - 3 to 6
Rutland Middle School
Public - 7 to 8
Rutland Senior High School
Public - 9 to 12
Stafford Technical Center
Public - 9 to 12
Rating
School
Distance
Rutland Intermediate School
Public3 to 6

Rutland Middle School
Public7 to 8

Rutland Senior High School
Public9 to 12

Stafford Technical Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
118 State Street, Rutland, VT 05701
$56,250
–
–
–
5,663
122 State Street, Rutland, VT 05701
$22,500
3
1,231
7,405
124 State Street, Rutland, VT 05701
–
–
–
–
7,405
116 State Street, Rutland, VT 05701
–
–
–
–
5,227
109 State Street, Rutland, VT 05701
–
–
–
–
6,970

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Watson Realty & Associates

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 08/01/2026 12:45 AM