164 State Street

Closed 5/16/25

Last Sold Price

$298,000

16 beds4 baths5,000 sqft$60/sqft

164 State St, Rutland, VT 05701

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 .

LISTING CLOSED: 05/16/2025 12:00 AM

Listed by Mike Kalil • Watson Realty & Associates

Sold By Watson Realty & Associates

Property Details for 164 State Street

Status

Closed

MLS #

5033032

Days on Market

Taxes

$7,807 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi Family

Year Built

1900

Lot Size

0.27 AC / 11,761 SF

County

Rutland County

Zoning

Residential

Get preapproved with Rocket Mortgage¹

Location

Add your commute

Building Information for 164 State Street

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

Payment Calculator

Get preapproved with Rocket Mortgage¹

$2,165 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,515

Property Taxes

$651

HOA Dues

The Payment Calculator is for illustrative purposes only.

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

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

Date	Event & Source	Price	Appreciation
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	—

Date	Event & Source	Price
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, we 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
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	1.8 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.8 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	0.3 mi
NR	Sheldon Academy Of Vermont Achievement Center	Private - Nearby school	3 to 12	1.1 mi
NR	Rutland Academy	Private - Nearby school	8 to 12	1.0 mi
NR	Christ The King School	Private - Nearby school	PK to 8	0.9 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	1.8 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.8 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	1.5 mi
NR	Rutland Northwest School PublicPK to 2 Choice school	0.3 mi
NR	Sheldon Academy Of Vermont Achievement Center Private3 to 12 Nearby school	1.1 mi
NR	Rutland Academy Private8 to 12 Nearby school	1.0 mi
NR	Christ The King School PrivatePK to 8 Nearby school	0.9 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

New listings in 05701

1/44

$1,299,000

4
Bedrooms: 4
Bathrooms: 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
Bathrooms: 2,088
Square Feet: 7.1
Acres

5610 Vt Route 4, Rutland, VT 05701

1/19

$101,899

3
Bedrooms: 2
Bathrooms: 911
Square Feet: Unavailable
Acres

29 Billings Avenue, Rutland, VT 05701

1/13

$569,500

Unavailable
Bedrooms: 5
Bathrooms: 4,329
Square Feet: 0.15
Acres

107 Franklin Street, Rutland, VT 05701

1/38

$450,000

Unavailable
Bedrooms: 5
Bathrooms: 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: 11
Bathrooms: 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: 4
Bathrooms: 2,955
Square Feet: 0.72
Acres

249 West Ridge Terrace, Rutland Town, VT 05701

1/31

$310,000

4
Bedrooms: 3
Bathrooms: 2,500
Square Feet: 0.13
Acres

48 Kendall Avenue, Rutland, VT 05701

1/16

$59,900

2
Bedrooms: 2
Bathrooms: 1,008
Square Feet: Unavailable
Acres

1 Prestons Park, Rutland, VT 05701

Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
2 State Street, Rutland, VT 05701	–	–	–	–	7,405
162 State Street, Rutland, VT 05701	$350,000	7	4	3,139	7,405
166 State Street, Rutland, VT 05701	$285,000	5	5	2,700	9,147
161 State Street, Rutland, VT 05701	–	–	–	–	11,761
26 Water Street, Rutland, VT 05701	$100,000	–	–	–	7,841
31 Cleveland Avenue, Rutland, VT 05701	$159,000	3	1	1,017	5,662
159 State Street, Rutland, VT 05701	$228,000	–	–	–	6,534
10 Cleveland Avenue, Rutland, VT 05701	–	–	–	–	67,082
34 Water Street, Rutland, VT 05701	$135,000	3	2	1,226	6,098
155 State Street, Rutland, VT 05701	–	–	–	–	6,534
23 Water Street, Rutland, VT 05701	–	–	–	–	19,166
36 Water Street, Rutland, VT 05701	$8,000	–	–	–	20,473
35 Cleveland Avenue, Rutland, VT 05701	–	–	–	–	7,841
31 Water Street, Rutland, VT 05701	–	–	–	–	14,375
34 Cleveland Avenue, Rutland, VT 05701	$165,000	–	4	3,500	9,147

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 07/31/2026 10:19 PM

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

Explore Nearby Homes

Homes in Nearby Rutland Neighborhoods

Homes in Nearby Rutland Cities

Homes in Nearby Rutland Zip Codes