195 State Street

Closed 12/24/20
Closed 12/24/20
Gallery Image 1
Last Sold Price
$123,000
4 beds2,798 sqft$44/sqft
195 State St, Rutland, VT 05701

Description

Here is a 3 unit investment property that produces a great cap rate of just over 14 percent. Upstairs consists of 2 one bedroom units, one of which has an additional small room that would make a perfect office. Off of the back unit is an enclosed 3 season porch with a second form of egress that was rebuilt approximately 4 years ago. Downstairs is a spacious 2 bedroom unit with access to the basement where there is a washer and dryer hook up. Two of the three tenants are long term and have been fabulous!...Here is a 3 unit investment property that produces a great cap rate of just over 14 percent. Upstairs consists of 2 one bedroom units, one of which has an additional small room that would make a perfect office. Off of the back unit is an enclosed 3 season porch with a second form of egress that was rebuilt approximately 4 years ago. Downstairs is a spacious 2 bedroom unit with access to the basement where there is a washer and dryer hook up. Two of the three tenants are long term and have been fabulous! There is a driveway on either side of the property providing plenty of off street parking.
LISTING CLOSED: 12/24/2020 12:00 AM

  1. Listed by Hughes Group Team • Casella Real Estate

Sold By Watson Realty & Associates

Property Details for 195 State Street

Status
Closed
MLS #
4815425
Days on Market
128
Taxes
$5,005 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi Family
Year Built
1890
Lot Size
0.12 AC / 5,227 SF
County
Rutland County
Zoning
SFR
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Building Information for 195 State Street

Stories2Residences3Year Built1890Building Size-Lot Size0.12 AC / 5,227 SF

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$1,042 per month

30 year fixed, 6.55% Interest

Principal and Interest

$625

Property Taxes

$417

HOA Dues

$0

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Property Information for 195 State Street

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Directions: From Merchants Row turn onto State St - Property will be on left
  • Latitude: 43.608627999999982
  • Longitude: -72.991480999999965
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip: 05701
Taxes and HOA Information
  • SPAN Number: 540-170-12063
  • Tax - Gross Amount: $5,005.16
  • Tax Year: 2020
  • Taxes TBD: No
Parking
  • Garage: Yes
  • Garage Capacity: 2.00
  • Driveway: Gravel
Property
Lot Information
  • Lot - Sqft: 5227.0
  • Lot Size Acres: 0.12
  • Square Feet Apx Finished Above Grade: 2798.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Finished BG Source: Public Records
  • Square Feet Apx Total: 4092.0
  • Square Feet Apx Total Finished: 2798.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Public Records
  • Square Feet Apx Unfinished Below Grade: 1294.0
  • Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Brick, Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1890
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Utilities: Telephone Available
Interior and Exterior Features
Exterior Features
  • Roads: Paved, Public
  • Roof: Slate
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Total Full Baths: 3
  • Flooring: Carpet, Other
  • Heat Fuel: Oil
  • Heating: Baseboard, Hot Water
  • Cooling: None
  • Total Stories: 2
  • Total Water Heaters: 1
Multi Family
Income & Expenses Information
  • Gross Income: $28,500.00
  • Net Income: $16,618.00
  • Operating Expense Incl: Heat, Insurance, Other, Snow Removal, Trash, Water/Sewer
  • Operating Expense: $11,882
Multi-Family Information
  • Total Units: 3
  • Total 1 BR Units: 2
  • Total 2 BR Units: 1
  • Total 3+ BR Units: 0
  • Total Heat Units: 1
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Rental Agremnt: Yes
  • Unit 1 Lease Term: Month to Month
  • Unit 1 Level Number: 1
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Month to Month
  • Unit 1 Rental Amount: $725.00
  • Unit 1 Tenant Pays: Electric
  • Unit 1 Info: Appliances Included, Heat Included
Unit 2
  • Unit 2 Lease Term: Month to Month
  • Unit 2 Baths: 1
  • Unit 2 Rental Agremnt: Yes
  • Unit 2 Status: Month to Month
  • Unit 2 Level Number: 2
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 1
  • Unit 2 Rental Amount: $750.00
  • Unit 2 Info: Appliances Included, Electric, Heat Included
Unit 3
  • Unit 3 Lease Term: Month to Month
  • Unit 3 Baths: 1
  • Unit 3 Rental Agremnt: Yes
  • Unit 3 Level Number: 2
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Month to Month
  • Unit 3 Bedrooms: 1
  • Unit 3 Rental Amount: $900.00
  • Unit 3 Info: Appliances Included, Heat Included
  • Unit 3 Tenant Pays: Electric

Property History for 195 State Street

DateEvent & SourcePriceAppreciation
Dec 24, 2020

Sold

New England Real Estate Network #4815425

$123,000—
Dec 14, 2020

Pending

New England Real Estate Network #4815425

—
Jul 7, 2020

Price Change

New England Real Estate Network #4815425

$135,000—
DateEvent & SourcePrice
12/24/2020

Sold

New England Real Estate Network #4815425

$123,000
12/14/2020

Pending

New England Real Estate Network #4815425

—
07/07/2020

Price Change

New England Real Estate Network #4815425

$135,000

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

Public Records for 195 State Street

Taxable ValueLand$40,500Additions$107,600Total$148,100
Home Facts
Beds0Lot Size5,227 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 12063

Schools near 195 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)
199 State Street, Rutland, VT 05701
–
–
–
–
27,443
191 Columbian Avenue, Rutland, VT 05701
–
–
–
–
10,454
3 Pierpoint Avenue, Rutland, VT 05701
–
–
–
–
43,996
200 State Street, Rutland, VT 05701
$215,000
3
1,456
10,018
8 Emmett Avenue, Rutland, VT 05701
–
–
–
–
16,553

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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 Casella Real Estate

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 11:00 PM