189 North Main Street

Closed 6/21/24

Sold

Last Sold Price

$585,000

13 beds8 baths5,000 sqft$117/sqft

189 N Main St, Rutland, VT 05701

Multi FamilyProperty Type

0.36 acresLot Size

1900Year Built

$117/sq ftPrice per sq ft

6 carsParking Spaces

Description

Investment Opportunity, 8 units in 2 buildings on good size lot in a nice location, well maintained convenient to downtown for shopping , ski areas and lakes region , good rental history 100% occupancy, ample parking for tenants, five 2 bedrooms and three 1 bedrooms over $111k in gross income yearly, Cap Rate at the asking price is over 13%.Investment Opportunity, 8 units in 2 buildings on good size lot in a nice location, well maintained convenient to downtown for shopping , ski areas and lakes region , good rental history 100% occupancy, ample parking for tenants, five 2 bedrooms and three 1 bedrooms over $111k in gross income yearly, Cap Rate at the asking price is over 13%.

Sold By Watson Realty & Associates

Listed by: Mike Kalil • Watson Realty & Associates

Listing closed: 06/21/2024 12:00 AM • Source: New England Real Estate Network, MLS#: 4960591

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$3,697 per month

30 year fixed, 6.71% Interest

Principal and Interest

$3,023

Property Taxes

$674

HOA Dues

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Property Information for 189 North Main Street

Property Details

Taxes: $8,084 / year
MLS Type: Multi Family
County: Rutland County
Parking: Off Street, On-Site, Parking Spaces 6+
Zoning: Residential

Building Information

Stories: 2
Residences: 8
Year Built: 1900
Lot Size: 0.36 AC / 15,681 SF

Summary

Location and General Information

City: Rutland City
County: VT-Rutland

Latitude: 43.621766999999998
Longitude: -72.975029915344237
Road Frontage: Yes
Seasonal: No
State: VT
Street Designation: Street
Zip Code: 05701

Taxes and HOA Information

SPAN Number: 540-170-15456
Tax - Gross Amount: $8,084.00

Tax Year: 2023
Taxes TBD: No

Parking

Garage: No
Driveway: Gravel

Property

Lot Information

Lot - Sqft: 15682.0
Lot Features: City Lot

Lot Size Acres: 0.36
Road Frontage Length: 50.0
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
Flood Zone: No

Foundation: Stone
PreConstruction: No
Surveyed: Unknown
Year Built: 1900

Utilities

Electric: Circuit Breaker(s)
Sewer: Public

Water Source: Public
Utilities: Cable, Cable - Available
Total Electric Meters: 8
Internet: High Speed Intrnt -AtSite, DSL

Interior and Exterior Features

Exterior Features

Construction Materials: Wood Frame, Vinyl Exterior
Roads: Public

Roof: Shingle - Asphalt
Total Ranges: 8

Interior Features

Appliances: Water Heater – Electric
Basement: Yes

Basement Access Type: Interior
Basement Description: Unfinished
Total Full Baths: 8
Heat Fuel: Oil
Heating: Baseboard, Hot Water
Cooling: None
Total Refrigerators: 8
Total Stories: 2

Multi Family

Income & Expenses Information

Gross Income: $11,624.00
Net Income: $76,462.00

Operating Expense Incl: Heat, Insurance, Maintenance, Trash, Utilities, Water/Sewer
Operating Expense: $35,162

Multi-Family Information

Total Units: 8
Total 1 BR Units: 3

Total 2 BR Units: 5
Total 3+ BR Units: 0
Total Heat Units: 2

Unit Information

Unit 1

Unit 1 Baths: 1
Unit 1 Bedrooms: 2

Unit 1 Rental Amt Freq: Monthly
Unit 1 Rooms: 3
Unit 1 Rental Amount: $1,177.00

Unit 2

Unit 2 Baths: 1
Unit 2 Rooms: 3

Unit 2 Rental Amt Freq: Monthly
Unit 2 Bedrooms: 1
Unit 2 Rental Amount: $1,047.00

Unit 3

Unit 3 Baths: 1
Unit 3 Rooms: 3

Unit 3 Rental Amt Freq: Monthly
Unit 3 Bedrooms: 1
Unit 3 Rental Amount: $1,047.00

Unit 4

Unit 4 Rental Amt Freq: Monthly
Unit 4 Rooms: 3

Unit 4 Baths: 1
Unit 4 Bedrooms: 1
Unit 4 Rental Amount: $1,047.00

Unit 5

Unit 5 Rental Amt Freq: Monthly
Unit 5 Baths: 1

Unit 5 Bedrooms: 2
Unit 5 Rooms: 3
Unit 5 Rental Amount: $1,196.00

Unit 6

Unit 6 Baths: 1
Unit 6 Bedrooms: 2

Unit 6 Rooms: 3
Unit 6 Rental Amt Freq: Monthly
Unit 6 Rental Amount: $1,196.00

Unit 7

Unit 7 Bedrooms: 2
Unit 7 Rooms: 3

Unit 7 Baths: 1
Unit 7 Rental Amt Freq: Monthly
Unit 7 Rental Amount: $1,196.00

Unit 8

Unit 8 Baths: 1
Unit 8 Rental Amount: $1,196.00

Unit 8 Rental Amt Freq: Monthly
Unit 8 Bedrooms: 2
Unit 8 Rooms: 3

Rental

Rent Information

Total Leases: 8

Property History for 189 North Main Street

Date	Event & Source	Price	Appreciation
Jun 21, 2024	Sold (Public Record) Public Record #1534875339	$585,000	+4.8% / yr
Jun 21, 2024	Sold New England Real Estate Network #4960591	$585,000	—
Mar 18, 2024	Pending New England Real Estate Network #4960591		—
Oct 23, 2023	Active Under Contract New England Real Estate Network #4960591		—
Jul 10, 2023	Listed (Active) New England Real Estate Network #4960591	$560,000	—
Jul 15, 2021	Sold New England Real Estate Network #4855803	$340,000	—
Apr 17, 2021	Pending New England Real Estate Network #4855803		—
Apr 15, 2021	Listed (Active) New England Real Estate Network #4855803	$355,000	—
Mar 2, 2012	Sold (Public Record) Public Record #325381313	$330,000	—
Mar 2, 2012	Sold New England Real Estate Network #2834518	$330,000	—
Dec 21, 2011	Pending New England Real Estate Network #2834518		—
Aug 9, 2010	Listed (Active) New England Real Estate Network #4017097	$1,120,000	—
May 8, 2010	Price Change New England Real Estate Network #2834518	$429,900	—
May 8, 2010	Listed (Active) New England Real Estate Network #2834518	$399,000	—
Oct 30, 2007	Listed (Active) New England Real Estate Network #3048147	$435,000	—

Date	Event & Source	Price
06/21/2024	Sold (Public Record) Public Record #1534875339	$585,000 +4.8% / yr
06/21/2024	Sold New England Real Estate Network #4960591	$585,000
03/18/2024	Pending New England Real Estate Network #4960591	—
10/23/2023	Active Under Contract New England Real Estate Network #4960591	—
07/10/2023	Listed (Active) New England Real Estate Network #4960591	$560,000
07/15/2021	Sold New England Real Estate Network #4855803	$340,000
04/17/2021	Pending New England Real Estate Network #4855803	—
04/15/2021	Listed (Active) New England Real Estate Network #4855803	$355,000
03/02/2012	Sold (Public Record) Public Record #325381313	$330,000
03/02/2012	Sold New England Real Estate Network #2834518	$330,000
12/21/2011	Pending New England Real Estate Network #2834518	—
08/09/2010	Listed (Active) New England Real Estate Network #4017097	$1,120,000
05/08/2010	Price Change New England Real Estate Network #2834518	$429,900
05/08/2010	Listed (Active) New England Real Estate Network #2834518	$399,000
10/30/2007	Listed (Active) New England Real Estate Network #3048147	$435,000

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

Public Records for 189 North Main Street

Taxable ValueLand$72,500Additions$161,600Total$234,100

Tax Record2025$4,512 ($376 / month)

Home Facts

Lot Size15,682 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 15456

Schools near 189 North Main 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	0.7 mi
3/10	Rutland Middle School	Public - Serves this home	7 to 8	0.7 mi
8/10	Rutland Senior High School	Public - Serves this home	9 to 12	1.1 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.0 mi
NR	Rutland Northwest School	Public - Choice school	PK to 2	1.0 mi
NR	Rutland Northeast Primary School	Public - Choice school	PK to 2	0.7 mi
NR	Mountain View Community School	Private - Nearby school	PK to 4	0.6 mi
NR	Sheldon Academy Of Vermont Achievement Center	Private - Nearby school	3 to 12	1.9 mi
NR	Mount St Joseph Academy	Private - Nearby school	9 to 12	1.4 mi


Rating	School	Distance
4/10	Rutland Intermediate School Public3 to 6 Serves this home	0.7 mi
3/10	Rutland Middle School Public7 to 8 Serves this home	0.7 mi
8/10	Rutland Senior High School Public9 to 12 Serves this home	1.1 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.0 mi
NR	Rutland Northwest School PublicPK to 2 Choice school	1.0 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	0.7 mi
NR	Mountain View Community School PrivatePK to 4 Nearby school	0.6 mi
NR	Sheldon Academy Of Vermont Achievement Center Private3 to 12 Nearby school	1.9 mi
NR	Mount St Joseph Academy Private9 to 12 Nearby school	1.4 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.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 189 North Main Street, Rutland, VT 05701	$585,000	13	8	5,000	15,681
187 North Main Street, Rutland, VT 05701	–	–	–	–	13,939
191 North Main Street, Rutland, VT 05701	$62,500	3	2	1,398	15,246
184-and186 North Main Street, Rutland, VT 05701	$250,000	4	4	3,630	18,730
190 North Main Street, Rutland, VT 05701	–	–	–	–	10,890
188 North Main Street, Rutland, VT 05701	–	–	–	–	7,841
184 North Main Street, Rutland, VT 05701	$250,000	–	–	–	18,731
197 North Main Street, Rutland, VT 05701	$315,000	6	5	3,396	22,651
175 North Main Street, Rutland, VT 05701	–	–	–	–	347,173
198 North Main Street, Rutland, VT 05701	$30,000	–	–	–	–
198 North Main Street, Unit A3, Rutland, VT 05701	$150,000	2	2	1,188	–
1 B North Main Street, Unit 1B, Rutland, VT 05701	$57,500	2	2	1,188	–
198 North Main Street, Unit 4, Rutland, VT 05701	$110,000	2	2	1,188	–
198 North Main Street, Unit A1, Rutland, VT 05701	$108,000	2	2	1,188	–
198 North Main Street, Unit A 2, Rutland, VT 05701	$110,000	2	2	1,180	–
198 North Main Street, Unit B2, Rutland, VT 05701	$148,900	2	2	1,200	–

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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 09/10/2026 01:30 PM

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