140 North Main Street

Closed 11/30/21
Closed 11/30/21
Gallery Image 1
Gallery Image 2
Gallery Image 3
Gallery Image 4
Gallery Image 5
Gallery Image 6
Gallery Image 7
Gallery Image 8
Gallery Image 9
Gallery Image 10
Gallery Image 11
Sold
Last Sold Price
$469,000
11 beds9,000 sqft$52/sqft
140 N Main St, Rutland, VT 05701
Multi FamilyProperty Type
0.7 acresLot Size
1920Year Built
$52/sq ftPrice per sq ft
2 carsParking Spaces

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

    Sold By Watson Realty & Associates

    • Listed by: Mike Kalil • Watson Realty & Associates
    Listing closed: 11/30/2021 12:00 AM • Source: New England Real Estate Network, MLS#: 4880640

    Recent comparable sales

    Median sold price

    $445,000

    Avg days on market

    11

    Sale-to-list ratio

    95.7%

    Rutland, VT

    9 comparable properties found

    $600,000 | 23 Washington Street, Rutland, VT 05701
    1/55
    1

    $600,000

    Sold 01/22/26

    5
    Bedrooms
    Unavailable
    Bathrooms
    9,077
    Square Feet
    0.5
    Acres

    23 Washington Street, Rutland, VT 05701

    $445,000 | 33 Woodstock Avenue, Rutland, VT 05701
    1/21
    2

    $445,000

    Sold 10/11/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    5,140
    Square Feet
    0.45
    Acres

    33 Woodstock Avenue, Rutland, VT 05701

    $480,000 | 14 Cottage Street, Rutland, VT 05701
    1/2
    3

    $480,000

    Sold 05/19/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    5,000
    Square Feet
    0.26
    Acres

    14 Cottage Street, Rutland, VT 05701

    $396,000 | 106 Library Avenue, Rutland, VT 05701
    1/2
    4

    $396,000

    Sold 05/19/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    4,500
    Square Feet
    0.19
    Acres

    106 Library Avenue, Rutland, VT 05701

    $482,000 | 18 Madison Street, Rutland, VT 05701
    1/46
    5

    $482,000

    Sold 07/22/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    2,544
    Square Feet
    0.19
    Acres

    18 Madison Street, Rutland, VT 05701

    $510,000 | 129 Curtis Avenue, Rutland, VT 05701
    1/23
    6

    $510,000

    Sold 01/27/25

    11
    Bedrooms
    6
    Bathrooms
    4,600
    Square Feet
    0.36
    Acres

    129 Curtis Avenue, Rutland, VT 05701

    $350,000 | 12 Geno Avenue, Rutland, VT 05701
    1/3
    7

    $350,000

    Sold 07/18/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    3,176
    Square Feet
    0.38
    Acres

    12 Geno Avenue, Rutland, VT 05701

    $330,000 | 116 North Main Street, Rutland, VT 05701
    1/24
    8

    $330,000

    Sold 01/22/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    3,243
    Square Feet
    0.25
    Acres

    116 North Main Street, Rutland, VT 05701

    $330,000 | 29 Grant Avenue, Rutland, VT 05701
    1/2
    9

    $330,000

    Sold 05/19/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    4,000
    Square Feet
    0.24
    Acres

    29 Grant Avenue, Rutland, VT 05701

    Get preapproved with Rocket Mortgage1

    Location

    Add your commute

    Payment Calculator

    Get preapproved with Rocket Mortgage1

    $3,099 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $2,384

    Property Taxes

    $715

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.

    Know your buying power with a preapproval and custom rate in minutes

    Rocket Mortgage1

    Property Information for 140 North Main Street

    Property Details
    • Taxes: $8,580 / year
    • MLS Type: Multi Family
    • County: Rutland County
    • Zoning: Mixed
    Building Information
    • Stories: 2
    • Residences: 10
    • Year Built: 1920
    • Lot Size: 0.70 AC / 30,492 SF
    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
    • 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

    DateEvent & SourcePriceAppreciation
    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—
    DateEvent & SourcePrice
    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

    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
    Tax Record2025$4,926 ($410 / month)
    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
    Rutland Intermediate School
    		Public - 3 to 6
    Rutland Middle School
    		Public - 7 to 8
    Rutland Senior High School
    		Public - 9 to 12
    Rutland Northwest School
    		Public - PK to 2
    Rating
    School
    Distance
    Rutland Intermediate School
    Public3 to 6

    Rutland Middle School
    Public7 to 8

    Rutland Senior High School
    Public9 to 12

    Rutland Northwest School
    PublicPK to 2

    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

    New listings in 05701

    $1,299,000 | 475 Brookwood, Rutland, VT 05701
    1/44

    $1,299,000

    4
    Bedrooms
    4,160
    Square Feet
    0.77
    Acres

    475 Brookwood, Rutland, VT 05701

    $699,000 | 5610 Vt Route 4, Rutland, VT 05701
    1/40
    Active Under Contract

    $699,000

    3
    Bedrooms
    2,088
    Square Feet
    7.1
    Acres

    5610 Vt Route 4, Rutland, VT 05701

    $101,899 | 29 Billings Avenue, Rutland, VT 05701
    1/19

    $101,899

    3
    Bedrooms
    911
    Square Feet
    Unavailable
    Acres

    29 Billings Avenue, Rutland, VT 05701

    $569,500 | 107 Franklin Street, Rutland, VT 05701
    1/13

    $569,500

    Unavailable
    Bedrooms
    4,329
    Square Feet
    0.15
    Acres

    107 Franklin Street, Rutland, VT 05701

    $450,000 | 120 Maple Street, Rutland, VT 05701
    1/38
    Active Under Contract

    $450,000

    Unavailable
    Bedrooms
    3,600
    Square Feet
    0.22
    Acres

    120 Maple Street, Rutland, VT 05701

    $995,000 | 70 North Main Street, Rutland, VT 05701
    1/45
    Virtual Tour

    $995,000

    10
    Bedrooms
    5,970
    Square Feet
    0.55
    Acres

    70 North Main Street, Rutland, VT 05701

    $469,000 | 249 West Ridge Terrace, Rutland Town, VT 05701
    1/60
    Active Under Contract

    $469,000

    3
    Bedrooms
    2,955
    Square Feet
    0.72
    Acres

    249 West Ridge Terrace, Rutland Town, VT 05701

    $310,000 | 48 Kendall Avenue, Rutland, VT 05701
    1/31

    $310,000

    4
    Bedrooms
    2,500
    Square Feet
    0.13
    Acres

    48 Kendall Avenue, Rutland, VT 05701

    $59,900 | 1 Prestons Park, Rutland, VT 05701
    1/12
    Active Under Contract

    $59,900

    2
    Bedrooms
    1,008
    Square Feet
    Unavailable
    Acres

    1 Prestons Park, Rutland, VT 05701

    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 140 North Main Street, Rutland, VT 05701
    $469,000
    11
    –
    9,000
    30,492
    11 North St Extension, Rutland, VT 05701
    $70,000
    2
    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

    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 08/21/2026 06:25 AM