128 Granger St

Rutland, VT 05701

$200,000
Last Sold Price
—
Beds
—
Baths
1,813 Sq. Ft.
$110 / Sq. Ft.
1,813
Sq. Ft.
$110
per Sq. Ft.
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Closed 10/4/24
Closed 10/4/24

Description

This well cared for turnkey duplex features two renovated spacious two-bedroom units and an NOI of ~$20K. Property is perfect for someone looking to occupy one unit and have property expenses and mortgage offset by renting the other. If held as investment, this duplex has the potential for 15%+ annual cash on cash returns, and significant upside at sale (without taking into account any expected organic price appreciation). The property has been professionally managed with recent updates and renovations...This well cared for turnkey duplex features two renovated spacious two-bedroom units and an NOI of ~$20K. Property is perfect for someone looking to occupy one unit and have property expenses and mortgage offset by renting the other. If held as investment, this duplex has the potential for 15%+ annual cash on cash returns, and significant upside at sale (without taking into account any expected organic price appreciation). The property has been professionally managed with recent updates and renovations across interior units and exteriors. One unit has been kept vacant prior to listing for potential owner-occupancy, or keep both units rented-for strong cash flow (vacant unit can be rented for a minimum of $1,400 as a condition to close). The 2x 2br apartments are spacious with an ideal layout, and access to the oversized backyard and ample parking. Efficient footprint and recent renovations keep operating expenses low! Property is walking distance from downtown shops and restaurants giving residents access to all Rutland has to offer. This is also an excellent opportunity to enter the market ahead of the historic multibillion dollar development taking place around Killington nearby, which is already starting organic appreciation in property values. This property can be also be purchased with additional buildings in the area for someone looking to scale. Listing agent is a member of the LLC that owns the property.
  1. Listed by Michael Gilman • 3GEN Real Estate Inc

Sold By Casella Real Estate

Property Details for 128 Granger Street

Zoning
MR-1
LISTING CLOSED: 10/04/2024 12:00 AM

Property Details for 128 Granger Street

StatusClosed
MLS #5005506
Days on Market21
Taxes$3,675 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1915
Lot Size0.16 AC / 6,969 SF
CountyRutland County
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Location

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Building Information for 128 Granger Street

Stories2Residences2Year Built1915Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

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$1,323 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,017

Property Taxes

$306

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 128 Granger Street

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.600705000001000
  • Longitude: -72.979789999999994
  • Road Frontage: Yes
  • Seasonal: Unknown
  • State: VT
  • Street Designation: Street
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 54017015919
  • Tax Year Notes: 23/24
  • Taxes TBD: Unknown
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot - Sqft: 6970.0
  • Lot Features: City Lot
  • Lot Size Acres: 0.16
  • Road Frontage Length: 100.0
  • Square Feet Apx Finished Above Grade: 1813.0
  • Square Feet Apx Finished AG Source: Appraiser
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 2719.0
  • Square Feet Apx Total Finished: 1813.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 906.0
  • Square Feet Apx Unfinished BG Source: Appraiser
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Brick, Stone
  • PreConstruction: No
  • Surveyed: No
  • Year Built: 1915
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
  • Roads: Paved
  • Roof: Shingle - Asphalt
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full
  • Heat Fuel: Oil
  • Heating: Baseboard, Forced Air
  • Cooling: None
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $32,100.00
  • Net Income: $19,806.00
  • Operating Expense Incl: Heat, Insurance, Maintenance, Other, Professional Management, Sewer, Snow Removal, Trash, Utilities, Water, Water/Sewer
  • Operating Expense: $12,293
Multi-Family Information
  • Total Units: 2
  • Total 1 BR Units: 0
  • Total 2 BR Units: 2
  • Total 3+ BR Units: 0

Property History for 128 Granger Street

DateEvent & SourcePriceAppreciation
Oct 4, 2024

Sold (Public Record)

Public Record #1542407133

$200,000

+37.9% / yr

Oct 4, 2024

Sold

New England Real Estate Network #5005506

$200,000—
Aug 7, 2024

Pending

New England Real Estate Network #5005506

—
DateEvent & SourcePrice
10/04/2024

Sold (Public Record)

Public Record #1542407133

$200,000

+37.9% / yr

10/04/2024

Sold

New England Real Estate Network #5005506

$200,000
08/07/2024

Pending

New England Real Estate Network #5005506

—

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

Public Records for 128 Granger Street

Taxable ValueLand$28,400Additions$74,700Total$103,100
Home Facts
Beds0Lot Size6,970 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 15919

Schools near 128 Granger 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.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
126 Granger Street, Rutland, VT 05701
$104,000
3
3
1,920
14,810
81 South Street, Rutland, VT 05701
$92,000
3
1,302
12,196
132 Granger Street, Rutland, VT 05701
–
–
–
–
11,326
82 South Street, Rutland, VT 05701
$85,000
–
–
–
4,356
127 Granger Street, Rutland, VT 05701
$185,000
–
–
–
8,712

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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 3GEN Real Estate Inc

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 10:42 AM