164 State St

5,000 Sq. Ft.
$60 / Sq. Ft.
5,000
Sq. Ft.
$60
per Sq. Ft.

Description

2 multi family homes side be side, each has 2 four bedroom unit, great income generator, all unites were rented to tenants with vouchers through Vermont housing authority, currently one unit is vacant in each building for possible new owner occupancy, this property has two deeds , when all rented the gross yearly income is $47,400 for 164 State and $47,340 for 164.5 State st with a total yearly revenues of $94,740 and a net yearly Income of $66,662 that puts the cap rate over 20% , the expenses do...2 multi family homes side be side, each has 2 four bedroom unit, great income generator, all unites were rented to tenants with vouchers through Vermont housing authority, currently one unit is vacant in each building for possible new owner occupancy, this property has two deeds , when all rented the gross yearly income is $47,400 for 164 State and $47,340 for 164.5 State st with a total yearly revenues of $94,740 and a net yearly Income of $66,662 that puts the cap rate over 20% , the expenses do not include management fees or vacancy rate maintenance expense, see attachments documents like tax bill, deeds and income expense numbers .
  1. Listed by Mike Kalil • Watson Realty & Associates

Sold By Watson Realty & Associates

Property Details for 164 State Street

Zoning
Residential
LISTING UPDATED: 05/16/2025 04:39 PM

Property Details for 164 State Street

StatusClosed
MLS #5033032
Days on Market1
Taxes$7,807 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size0.27 AC / 11,761 SF
CountyRutland County
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Building Information for 164 State Street

Stories2Residences4Year Built1900Building Size-Lot Size0.27 AC / 11,761 SF

Payment Calculator

$2,151 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,501

Property Taxes

$651

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 164 State Street

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.609464000000003
  • Longitude: -72.981086915344235
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 540-170-17818
  • Tax Year: 2025
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot - Sqft: 11761.0
  • Lot Features: City Lot
  • Lot Size Acres: 0.27
  • Road Frontage Length: 85.0
  • Square Feet Apx Finished Above Grade: 5000.0
  • Square Feet Apx Finished AG Source: Estimated
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 6200.0
  • Square Feet Apx Total Finished: 5000.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 1200.0
  • Square Feet Apx Unfinished BG Source: Estimated
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Concrete
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1900
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable, Phone
  • Internet: High Speed Intrnt -Avail, Internet - Cable
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Roof: Shingle - Other, Slate
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full, Unfinished
  • Total Full Baths: 4
  • Heating: Baseboard
  • Cooling: None
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $94,740.00
  • Net Income: $66,662.00
  • Operating Expense Incl: Heat, Insurance, Maintenance, Other, Snow Removal, Trash, Water/Sewer
  • Operating Expense: $28,076
Multi-Family Information
  • Total Units: 4
  • Total 1 BR Units: 0
  • Total 2 BR Units: 0
  • Total 3+ BR Units: 4
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 4
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Rental Amount: $1,875.00
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 4
  • Unit 2 Rental Amount: $2,125.00
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Bedrooms: 4
  • Unit 3 Rental Amount: $2,000.00
Unit 4
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 4
  • Unit 4 Rental Amount: $2,150.00

Property History for 164 State Street

DateEvent & SourcePriceAppreciation
May 16, 2025

Sold (Public Record)

Public Record #1557917251

$149,000
May 16, 2025

Sold

New England Real Estate Network #5033032

$298,000
Mar 22, 2025

Pending

New England Real Estate Network #5033032

Mar 21, 2025

Listed (Active)

New England Real Estate Network #5033032

$298,000
Sep 13, 2002

Sold

New England Real Estate Network #3014058

$48,000
Aug 1, 2002

Pending

New England Real Estate Network #3014058

Apr 23, 2002

Listed (Active)

New England Real Estate Network #3014058

$55,000
Feb 8, 2002

Sold

New England Real Estate Network #3010322

$28,500
Oct 3, 2001

Pending

New England Real Estate Network #3010322

Aug 31, 2001

Price Change

New England Real Estate Network #3010322

$45,000
Aug 31, 2001

Listed (Active)

New England Real Estate Network #3010322

$41,500
DateEvent & SourcePrice
05/16/2025

Sold (Public Record)

Public Record #1557917251

$149,000
05/16/2025

Sold

New England Real Estate Network #5033032

$298,000
03/22/2025

Pending

New England Real Estate Network #5033032

03/21/2025

Listed (Active)

New England Real Estate Network #5033032

$298,000
09/13/2002

Sold

New England Real Estate Network #3014058

$48,000
08/01/2002

Pending

New England Real Estate Network #3014058

04/23/2002

Listed (Active)

New England Real Estate Network #3014058

$55,000
02/08/2002

Sold

New England Real Estate Network #3010322

$28,500
10/03/2001

Pending

New England Real Estate Network #3010322

08/31/2001

Price Change

New England Real Estate Network #3010322

$45,000
08/31/2001

Listed (Active)

New England Real Estate Network #3010322

$41,500

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

Public Records for 164 State Street

Taxable ValueLand$32,500Additions$74,300Total$106,800
Home Facts
Beds0Lot Size6,534 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 17818

Schools near 164 State Street

This home is within Rutland City School District.
Rating
School
Type
Grades
Distance
Public - 3 to 6
Public - 7 to 8
Public - 9 to 12
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.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. 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 04/04/2026 05:13 AM