166 State Street

Closed 6/13/25
Closed 6/13/25
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Sold
Last Sold Price
$285,000
5 beds5 baths2,700 sqft$106/sqft
166 State St, Rutland, VT 05701
Multi FamilyProperty Type
9,147 sq ftLot Size
1910Year Built
$106/sq ftPrice per sq ft

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!

    Sold By Watson Realty & Associates

    • Listed by: Betsy Adamovich • Real Broker LLC
    Listing closed: 06/13/2025 12:00 AM • Source: New England Real Estate Network, MLS#: 5036190

    Recent comparable sales

    Median sold price

    $297,500

    Avg days on market

    35

    Sale-to-list ratio

    92.7%

    Rutland, VT

    9 comparable properties found

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    68 Forest Street, Rutland, VT 05701

    $270,000 | 41 North Street, Rutland, VT 05701
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    41 North Street, Rutland, VT 05701

    $297,500 | 24 East Washington Street, Rutland, VT 05701
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    24 East Washington Street, Rutland, VT 05701

    $291,000 | 77 River Street, Rutland, VT 05701
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    77 River Street, Rutland, VT 05701

    $330,000 | 139 Lincoln Avenue, Rutland, VT 05701
    1/32
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    3,192
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    139 Lincoln Avenue, Rutland, VT 05701

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    $1,900 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $1,449

    Property Taxes

    $451

    HOA Dues

    $0

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    Property Information for 166 State Street

    Property Details
    • Taxes: $5,412 / year
    • MLS Type: Multi Family
    • County: Rutland County
    • Zoning: industrial
    Building Information
    • Stories: 2
    • Residences: 5
    • Year Built: 1910
    • Lot Size: 0.21 AC / 9,147 SF
    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
    • 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
    Tax Record2025$2,692 ($224 / month)
    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.

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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 166 State Street, Rutland, VT 05701
    $285,000
    5
    5
    2,700
    9,147
    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

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    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 01:52 AM