140 N Main St
Rutland, VT 05701

$469,000

Last Sold Price

Beds

—

Baths

9,000 Sq. Ft.

$52 / Sq. Ft.

9,000

Sq. Ft.

$52

per Sq. Ft.

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Closed 11/30/21

140 North Main Street Rutland, VT 05701 - Photo 1 of 11

Description

Great location on corner of N Main St and North St Ext. Many upgrades and renovations, wonderful investment property grossing over $97,000 13%Cap rate at asking price. Property consists of ten rental units including the former MR C'S Market (now Cycle shop)--five apartments--three cold storage units--and a detached shop--all are fully rented--the total property has been extensively upgraded including new state-of-the art Buderas heating system, most units are updated and up to code--new roof--unlimited...Great location on corner of N Main St and North St Ext. Many upgrades and renovations, wonderful investment property grossing over $97,000 13%Cap rate at asking price. Property consists of ten rental units including the former MR C'S Market (now Cycle shop)--five apartments--three cold storage units--and a detached shop--all are fully rented--the total property has been extensively upgraded including new state-of-the art Buderas heating system, most units are updated and up to code--new roof--unlimited paved parking for many uses-well kept and no deferred maintenance, good rental history ..property consist of 2 buildings, Building one: 3(2 Bedroom) Apartments 1 (4 Bedroom) Apartment 1 (1 Bedroom) Apartment 1 Retail Space - approximately 2600 sq. ft 3 Large Storage units Building two: Garage -rented to a car detailing tenant for over 7 years 6 Storage units, Storage Shed, Outdoor Parking

Listed by Mike Kalil • Watson Realty & Associates

Sold By Watson Realty & Associates

Property Details for 140 North Main Street

Zoning

Mixed

LISTING CLOSED: 11/30/2021 12:00 AM

Property Details for 140 North Main Street

Status	Closed
MLS #	4880640
Days on Market	5
Taxes	$8,580 / year
HOA Fees	-
Condo/Co-op Fees	-
Property Type	Multi Family
MLS Type	Multi Family
Year Built	1920
Lot Size	0.70 AC / 30,492 SF
County	Rutland County

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Location

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Building Information for 140 North Main Street

Stories2Residences10Year Built1920Building Size-Lot Size0.70 AC / 30,492 SF

Payment Calculator

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$3,099 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,384

Property Taxes

$715

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 140 North Main Street

Summary

Location and General Information

City: Rutland City
County: VT-Rutland

Latitude: 43.618264232838271
Longitude: -72.973459898147581
Road Frontage: Yes
Seasonal: No
State: VT
Street Designation: Street
Zip: 05701

Taxes and HOA Information

SPAN Number: 540-170-11053
Tax - Gross Amount: $8,580.00

Tax Year: 2021
Taxes TBD: No

Parking

Garage: Yes
Garage Capacity: 2.00

Driveway: Paved

Property

Lot Information

Lot - Sqft: 30492.0
Lot Size Acres: 0.7

Road Frontage Length: 400.0
Square Feet Apx Finished Above Grade: 9000.0
Square Feet Apx Finished AG Source: Other
Square Feet Apx Finished Below Grade: 0.0
Square Feet Apx Total: 10200.0
Square Feet Apx Total Finished: 9000.0
Square Feet Apx Unfinished Above Grade: 0.0
Square Feet Apx Unfinished Below Grade: 1200.0
Square Feet Apx Unfinished BG Source: Other

Property and Assessments

Property Class: Multi-Family
Construction Status: Existing

Flood Zone: No
Foundation: Concrete
PreConstruction: No
Surveyed: Unknown
Year Built: 1920

Utilities

Electric: 200 Amp, Circuit Breaker(s)
Sewer: Public

Utilities: Cable - Available, DSL - Available

Interior and Exterior Features

Exterior Features

Roads: Public
Roof: Shingle - Architectural

Interior Features

Basement: Yes
Basement Access Type: Interior

Basement Description: Concrete, Unfinished
Heat Fuel: Oil
Heating: Forced Air
Cooling: None
Total Stories: 2

Multi Family

Income & Expenses Information

Gross Income: $97,020.00
Net Income: $64,031.00

Operating Expense Incl: Heat, Insurance, Maintenance, Other, Snow Removal, Trash, Water/Sewer
Operating Expense: $32,989

Multi-Family Information

Total Units: 10
Total 1 BR Units: 1

Total 2 BR Units: 3
Total 3+ BR Units: 1

Unit Information

Unit 1

Unit 1 Bedrooms: 2
Unit 1 Rental Amt Freq: Monthly

Unit 1 Rental Amount: $995.00

Unit 2

Unit 2 Rental Amt Freq: Monthly
Unit 2 Bedrooms: 4

Unit 2 Rental Amount: $1,500.00

Unit 3

Unit 3 Rental Amt Freq: Monthly
Unit 3 Bedrooms: 2

Unit 3 Rental Amount: $995.00

Unit 4

Unit 4 Rental Amt Freq: Monthly
Unit 4 Bedrooms: 2

Unit 4 Rental Amount: $950.00

Unit 5

Unit 5 Rental Amt Freq: Monthly
Unit 5 Bedrooms: 1

Unit 5 Rental Amount: $950.00

Unit 6

Unit 6 Rental Amt Freq: Monthly
Unit 6 Rental Amount: $800.00

Unit 7

Unit 7 Rental Amt Freq: Monthly
Unit 7 Rental Amount: $1,500.00

Unit 8

Unit 8 Rental Amount: $300.00
Unit 8 Rental Amt Freq: Monthly

Unit 8 Info: Storage

Property History for 140 North Main Street

Date	Event & Source	Price	Appreciation
Nov 30, 2021	Sold New England Real Estate Network #4880640	$469,000	—
Sep 7, 2021	Pending New England Real Estate Network #4880640		—
Sep 2, 2021	Listed (Active) New England Real Estate Network #4880640	$489,000	—
Nov 22, 2014	Expired New England Real Estate Network #4357886		—
May 22, 2014	Listed (Active) New England Real Estate Network #4357886	$525,000	—

Date	Event & Source	Price
11/30/2021	Sold New England Real Estate Network #4880640	$469,000
09/07/2021	Pending New England Real Estate Network #4880640	—
09/02/2021	Listed (Active) New England Real Estate Network #4880640	$489,000
11/22/2014	Expired New England Real Estate Network #4357886	—
05/22/2014	Listed (Active) New England Real Estate Network #4357886	$525,000

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

Public Records for 140 North Main Street

Taxable ValueLand$74,900Additions$180,700Total$255,600

Home Facts

Lot Size30,492 SqFtStyleMiscellaneous CommercialCountyRUTLANDAPN(170) 11053

Schools near 140 North Main 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	0.5 mi
3/10	Rutland Middle School	Public - Serves this home	7 to 8	0.5 mi
8/10	Rutland Senior High School	Public - Serves this home	9 to 12	0.9 mi
NR	Rutland Northwest School	Public - Choice school	PK to 2	1.0 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	0.9 mi
NR	Rutland Northeast Primary School	Public - Choice school	PK to 2	0.6 mi
NR	Mountain View Community School	Private - Nearby school	PK to 4	0.9 mi
NR	Sheldon Academy Of Vermont Achievement Center	Private - Nearby school	3 to 12	1.7 mi
NR	Mount St Joseph Academy	Private - Nearby school	9 to 12	1.2 mi


Rating	School	Distance
4/10	Rutland Intermediate School Public3 to 6 Serves this home	0.5 mi
3/10	Rutland Middle School Public7 to 8 Serves this home	0.5 mi
8/10	Rutland Senior High School Public9 to 12 Serves this home	0.9 mi
NR	Rutland Northwest School PublicPK to 2 Choice school	1.0 mi
NR	Stafford Technical Center Public9 to 12 Choice school	0.9 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	0.6 mi
NR	Mountain View Community School PrivatePK to 4 Nearby school	0.9 mi
NR	Sheldon Academy Of Vermont Achievement Center Private3 to 12 Nearby school	1.7 mi
NR	Mount St Joseph Academy Private9 to 12 Nearby school	1.2 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.

Similar Homes

Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
11 North St Extension, Rutland, VT 05701	$70,000	2	1	896	23,958
138 North Main Street, Rutland, VT 05701	–	–	–	–	48,787
148-152 North Main Street, Rutland, VT 05701	–	–	–	–	20,038
137 North Main Street, Rutland, VT 05701	–	–	–	–	11,326
6 North Street, Rutland, VT 05701	–	–	–	–	15,682
145 North Main Street, Rutland, VT 05701	$200,000	–	–	–	17,860
135 North Main Street, Rutland, VT 05701	–	–	–	–	28,750
13 North St Extension, Rutland, VT 05701	$227,500	3	3	3,429	35,283
7 North Street, Rutland, VT 05701	$215,000	3	1	2,058	10,018
124 North Main Street, Rutland, VT 05701	–	–	–	–	12,197
9 North Street, Rutland, VT 05701	$97,000	3	2	1,456	–
158 North Main Street, Rutland, VT 05701	–	–	–	–	39,640
15 North St Extension, Rutland, VT 05701	$289,500	3	2	2,352	10,454
12 North Street, Rutland, VT 05701	$135,000	3	3	2,219	5,227
9 High Street, Rutland, VT 05701	–	–	–	–	10,890

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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 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 07/30/2026 12:25 PM

140 N Main StRutland, VT 05701

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140 N Main St
Rutland, VT 05701