166 State St

Rutland, VT 05701

$285,000
Last Sold Price
5
Beds
5
Baths
2,700 Sq. Ft.
$106 / Sq. Ft.
2,700
Sq. Ft.
$106
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 6/13/25
Closed 6/13/25

Description

Investor Opportunity in Rutland City! 166 State Street is a 5-unit multifamily property with a strong rental history and solid numbers. With a gross annual income of $54,000 and expenses currently at $24,552, this property nets $29,448 annually—offering a 10.55% cap rate at the asking price. Rents are currently below market, presenting immediate potential for increased returns. Expenses could also be streamlined for even better performance. Whether you're looking to expand your portfolio or dive...Investor Opportunity in Rutland City! 166 State Street is a 5-unit multifamily property with a strong rental history and solid numbers. With a gross annual income of $54,000 and expenses currently at $24,552, this property nets $29,448 annually—offering a 10.55% cap rate at the asking price. Rents are currently below market, presenting immediate potential for increased returns. Expenses could also be streamlined for even better performance. Whether you're looking to expand your portfolio or dive into multi-unit investing, this one is well worth a look. Motivated seller—bring your offers and let’s make a deal!
  1. Listed by Betsy Adamovich • Real Broker LLC

Sold By Watson Realty & Associates

Property Details for 166 State Street

Zoning
industrial
LISTING CLOSED: 06/13/2025 12:00 AM

Property Details for 166 State Street

StatusClosed
MLS #5036190
Days on Market8
Taxes$5,412 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1910
Lot Size0.21 AC / 9,147 SF
CountyRutland County
Get preapproved with Rocket Mortgage1

Location

Add your commute

Building Information for 166 State Street

Stories2Residences5Year Built1910Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$1,900 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,449

Property Taxes

$451

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 166 State Street

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.608526768420496
  • Longitude: -72.988630644180290
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 540-170-12666
  • Tax Year: 2025
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot - Sqft: 9148.0
  • Lot Features: City Lot, Sidewalks, In Town, Near Shopping, Near Skiing, Near Public Transportatn, Near Hospital, Near School(s)
  • Lot Size Acres: 0.21
  • Square Feet Apx Finished Above Grade: 2100.0
  • Square Feet Apx Finished AG Source: Estimated
  • Square Feet Apx Finished Below Grade: 600.0
  • Square Feet Apx Finished BG Source: Estimated
  • Square Feet Apx Total: 3200.0
  • Square Feet Apx Total Finished: 2700.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 500.0
  • Square Feet Apx Unfinished BG Source: Estimated
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: Land Only
  • Foundation: Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1910
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable - Available, Telephone Available
  • Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Roof: Slate
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Partially Finished
  • Heating: Baseboard
  • Cooling: None
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $54,000.00
  • Net Income: $29,448.00
  • Operating Expense Incl: Heat, Insurance, Trash, Water/Sewer
  • Operating Expense: $24,552
Multi-Family Information
  • Total Units: 5
  • Total 1 BR Units: 5
  • Total 2 BR Units: 0
  • Total 3+ BR Units: 0
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Month to Month
  • Unit 1 Rental Amount: $800.00
  • Unit 1 Tenant Pays: Electric
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Status: Month to Month
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 1
  • Unit 2 Rental Amount: $800.00
  • Unit 2 Tenant Pays: Electric
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Month to Month
  • Unit 3 Bedrooms: 1
  • Unit 3 Rental Amount: $1,200.00
  • Unit 3 Tenant Pays: Electric
Unit 4
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Status: Month to Month
  • Unit 4 Rental Amount: $900.00
  • Unit 4 Tenant Pays: Electric
Unit 5
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Status: Month to Month
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Rental Amount: $800.00
  • Unit 5 Tenant Pays: Electric

Property History for 166 State Street

DateEvent & SourcePriceAppreciation
Jun 13, 2025

Sold (Public Record)

Public Record #1863714925

$285,000—
Jun 13, 2025

Sold

New England Real Estate Network #5036190

$285,000—
Jun 13, 2025

Pending

New England Real Estate Network #5036190

—
DateEvent & SourcePrice
06/13/2025

Sold (Public Record)

Public Record #1863714925

$285,000
06/13/2025

Sold

New England Real Estate Network #5036190

$285,000
06/13/2025

Pending

New England Real Estate Network #5036190

—

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

Public Records for 166 State Street

Taxable ValueLand$66,400Additions$73,300Total$139,700
Home Facts
Lot Size9,148 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 12666

Schools near 166 State 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
Stafford Technical Center
Public - 9 to 12
Rating
School
Distance
Rutland Intermediate School
Public3 to 6

Rutland Middle School
Public7 to 8

Rutland Senior High School
Public9 to 12

Stafford Technical Center
Public9 to 12

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

AddressSold priceBedsBathsSqftLot (Sqft)
2 State Street, Rutland, VT 05701
–
–
–
–
7,405
164 State Street, Rutland, VT 05701
$298,000
16
5,000
11,761
162 State Street, Rutland, VT 05701
$350,000
7
4
3,139
7,405
161 State Street, Rutland, VT 05701
–
–
–
–
11,761
26 Water Street, Rutland, VT 05701
$100,000
–
–
–
7,841

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 Real Broker LLC

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 11:46 PM