128 Granger Street

Closed 10/4/24

Last Sold Price

$200,000

1,813 sqft$110/sqft

128 Granger St, Rutland, VT 05701

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.

LISTING CLOSED: 10/04/2024 12:00 AM

Listed by Michael Gilman • 3GEN Real Estate Inc

Sold By Casella Real Estate

Property Details for 128 Granger Street

Status

Closed

MLS #

5005506

Days on Market

Taxes

$3,675 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi Family

Year Built

1915

Lot Size

0.16 AC / 6,969 SF

County

Rutland County

Zoning

MR-1

Recent comparable sales

Median sold price

$205,000

Avg days on market

Sale-to-list ratio

94.8%

1/2

$205,000

Sold 06/13/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 2,000
Square Feet: 0.22
Acres

148 Granger Street, Rutland, VT 05701

1/21

$245,000

Sold 10/27/25

Unavailable
Bedrooms: 2
Bathrooms: 1,760
Square Feet: 0.21
Acres

87 Granger Street, Rutland, VT 05701

1/33

$200,000

Sold 04/01/25

Unavailable
Bedrooms: 2
Bathrooms: 2,150
Square Feet: 0.34
Acres

108 East Street, Unit 2, Rutland, VT 05701

1/2

$204,000

Sold 06/13/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 2,750
Square Feet: 0.21
Acres

13 Hopkins Street, Rutland, VT 05701

1/2

$184,000

Sold 07/18/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 3,206
Square Feet: 0.12
Acres

12 Meadow Street, Rutland, VT 05701

1/2

$175,000

Sold 01/14/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 2,934
Square Feet: 0.18
Acres

2 Nickwackett Street, Rutland, VT 05701

1/2

$1,140,000

Sold 06/17/25

Unavailable
Bedrooms: 20
Bathrooms: 2,000
Square Feet: 0.15
Acres

120 State Street, Rutland, VT 05701

1/31

$207,000

Sold 10/01/24

Unavailable
Bedrooms: Unavailable
Bathrooms: 5,030
Square Feet: 0.46
Acres

26-28 Woodstock Avenue, Rutland, VT 05701

1/2

$1,487,000

Sold 08/01/25

Unavailable
Bedrooms: 23
Bathrooms: 2,000
Square Feet: 0.16
Acres

31 Hazel Street, Rutland, VT 05701

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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

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
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

Date	Event & Source	Price	Appreciation
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		—
Jul 17, 2024	Listed (Active) New England Real Estate Network #5005506	$214,900	—
Apr 19, 2023	Sold (Public Record) Public Record #1509229739	$125,000	—
Apr 19, 2023	Sold New England Real Estate Network #4942698	$125,000	—
Feb 17, 2023	Pending New England Real Estate Network #4942698		—
Feb 8, 2023	Listed (Active) New England Real Estate Network #4942698	$115,000	—
Oct 14, 2003	Sold New England Real Estate Network #3087333	$89,000	—
Sep 25, 2003	Pending New England Real Estate Network #3087333		—
Jun 30, 2003	Listed (Active) New England Real Estate Network #3087333	$99,900	—

Date	Event & Source	Price
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	—
07/17/2024	Listed (Active) New England Real Estate Network #5005506	$214,900
04/19/2023	Sold (Public Record) Public Record #1509229739	$125,000
04/19/2023	Sold New England Real Estate Network #4942698	$125,000
02/17/2023	Pending New England Real Estate Network #4942698	—
02/08/2023	Listed (Active) New England Real Estate Network #4942698	$115,000
10/14/2003	Sold New England Real Estate Network #3087333	$89,000
09/25/2003	Pending New England Real Estate Network #3087333	—
06/30/2003	Listed (Active) New England Real Estate Network #3087333	$99,900

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

Tax Record2025$1,987 ($166 / month)

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
4/10	Rutland Intermediate School	Public - Serves this home	3 to 6	0.9 mi
3/10	Rutland Middle School	Public - Serves this home	7 to 8	0.8 mi
8/10	Rutland Senior High School	Public - Serves this home	9 to 12	1.7 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.7 mi
NR	Rutland Northeast Primary School	Public - Choice school	PK to 2	1.5 mi
NR	Rutland Northwest School	Public - Choice school	PK to 2	1.0 mi
NR	Fay Honey Knopp Memorial School	Private - Nearby school	9 to 12	0.4 mi
NR	Rutland Area Christian School	Private - Nearby school	PK to 12	1.1 mi
NR	Easter Seals Of Vermont	Private - Nearby school	10 to 11	0.5 mi


Rating	School	Distance
4/10	Rutland Intermediate School Public3 to 6 Serves this home	0.9 mi
3/10	Rutland Middle School Public7 to 8 Serves this home	0.8 mi
8/10	Rutland Senior High School Public9 to 12 Serves this home	1.7 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.7 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	1.5 mi
NR	Rutland Northwest School PublicPK to 2 Choice school	1.0 mi
NR	Fay Honey Knopp Memorial School Private9 to 12 Nearby school	0.4 mi
NR	Rutland Area Christian School PrivatePK to 12 Nearby school	1.1 mi
NR	Easter Seals Of Vermont Private10 to 11 Nearby school	0.5 mi

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

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 128 Granger Street, Rutland, VT 05701	$200,000	–	–	1,813	6,969
126 Granger Street, Rutland, VT 05701	$104,000	3	3	1,920	14,810
81 South Street, Rutland, VT 05701	$92,000	3	1	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
88 South Street, Rutland, VT 05701	$40,000	2	1	2,033	15,246
80 South Street, Rutland, VT 05701	$1,500	–	–	–	4,792
89 South Street, Rutland, VT 05701	$85,360	3	1	1,415	4,356
117 Granger Street, Rutland, VT 05701	–	–	–	–	5,227
91 South Street, Rutland, VT 05701	$6,087	–	–	–	5,663
136 Granger Street, Rutland, VT 05701	$150,000	–	–	–	16,988
116 Granger Street, Rutland, VT 05701	$69,900	3	1	700	0
90 South Street, Rutland, VT 05701	–	–	–	–	6,098
76 South Street, Rutland, VT 05701	–	–	–	–	8,712
135 Granger Street, Rutland, VT 05701	–	–	–	–	69,696

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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 08/21/2026 05:56 PM

Rutland, VT

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