195 State Street

Closed 12/24/20

Sold

Last Sold Price

$123,000

4 beds3 baths2,798 sqft

195 State St, Rutland, VT 05701

Multi FamilyProperty Type

0.12 acresLot Size

1890Year Built

$44/sq ftPrice per sq ft

2 carsParking Spaces

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.

Sold By Watson Realty & Associates

Listed by: Hughes Group Team • Casella Real Estate

Listing closed: 12/24/2020 12:00 AM • Source: New England Real Estate Network, MLS#: 4815425

Recent comparable sales

Median sold price

$270,000

Avg days on market

Sale-to-list ratio

86.6%

1/57

$340,000

Sold 02/09/26

4
Bedrooms: 3
Bathrooms: 2,813
Square Feet: 0.29
Acres

10 South Main Street, Rutland, VT 05701

1/23

$319,300

Sold 09/05/25

4
Bedrooms: 3
Bathrooms: 2,034
Square Feet: 0.45
Acres

130 South Street, Rutland, VT 05701

1/39

$259,000

Sold 02/27/25

4
Bedrooms: 4
Bathrooms: 2,886
Square Feet: 0.12
Acres

40 Summer Street, Rutland, VT 05701

1/43

$275,000

Sold 09/11/25

4
Bedrooms: 4
Bathrooms: 2,469
Square Feet: 0.06
Acres

68 Forest Street, Rutland, VT 05701

1/52

$160,000

Sold 05/08/25

4
Bedrooms: 3
Bathrooms: 3,100
Square Feet: 0.25
Acres

92 Church Street, Rutland, VT 05701

1/28

$270,000

Sold 06/30/25

5
Bedrooms: 3
Bathrooms: 2,926
Square Feet: 0.16
Acres

41 North Street, Rutland, VT 05701

1/26

$230,000

Sold 12/22/25

4
Bedrooms: 2
Bathrooms: 2,574
Square Feet: 0.16
Acres

86 South Main Street, Rutland, VT 05701

1/21

$140,000

Sold 12/18/24

4
Bedrooms: 2
Bathrooms: 1,600
Square Feet: 0.65
Acres

99 Park Street, Rutland, VT 05701

1/55

$302,000

Sold 09/09/26

4
Bedrooms: 2
Bathrooms: 2,366
Square Feet: 0.19
Acres

129 Lincoln Avenue, Rutland, VT 05701

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Principal and Interest

$657

Property Taxes

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Property Information for 195 State Street

Property Details

Taxes: $5,005 / year
MLS Type: Multi Family
County: Rutland County
Zoning: SFR

Building Information

Stories: 2
Residences: 3
Year Built: 1890
Lot Size: 0.12 AC / 5,227 SF

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
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

Date	Event & Source	Price	Appreciation
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	—
Jul 7, 2020	Listed (Active) New England Real Estate Network #4815425	$129,900	—
Oct 10, 2014	Sold (Public Record) Public Record #478775147	$115,000	—
Oct 10, 2014	Sold New England Real Estate Network #4329907	$115,000	—
Oct 8, 2014	Pending New England Real Estate Network #4329907		—
Dec 20, 2013	Price Change New England Real Estate Network #4329907	$159,900	—
Dec 20, 2013	Listed (Active) New England Real Estate Network #4329907	$129,900	—

Date	Event & Source	Price
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
07/07/2020	Listed (Active) New England Real Estate Network #4815425	$129,900
10/10/2014	Sold (Public Record) Public Record #478775147	$115,000
10/10/2014	Sold New England Real Estate Network #4329907	$115,000
10/08/2014	Pending New England Real Estate Network #4329907	—
12/20/2013	Price Change New England Real Estate Network #4329907	$159,900
12/20/2013	Listed (Active) New England Real Estate Network #4329907	$129,900

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

Tax Record2025$2,854 ($238 / month)

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
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	0.6 mi
8/10	Rutland Senior High School	Public - Serves this home	9 to 12	1.9 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.9 mi
NR	Rutland Northeast Primary School	Public - Choice school	PK to 2	1.6 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	1.2 mi
NR	Christ The King School	Private - Nearby school	PK to 8	1.1 mi
NR	Rutland Area Christian School	Private - Nearby school	PK to 12	0.9 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	0.6 mi
8/10	Rutland Senior High School Public9 to 12 Serves this home	1.9 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.9 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	1.6 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	1.2 mi
NR	Christ The King School PrivatePK to 8 Nearby school	1.1 mi
NR	Rutland Area Christian School PrivatePK to 12 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.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 195 State Street, Rutland, VT 05701	$123,000	4	3	2,798	5,227
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	1,456	10,018
8 Emmett Avenue, Rutland, VT 05701	–	–	–	–	16,553
203 State Street, Rutland, VT 05701	–	–	–	–	9,583
188 State Street, Rutland, VT 05701	$120,000	5	4	2,590	9,147
9 Emmett Avenue, Rutland, VT 05701	$200,000	–	–	–	14,810
205 State Street, Rutland, VT 05701	$215,000	6	3	3,024	6,969
65 Pierpoint Avenue, Rutland, VT 05701	$81,000	3	2	1,500	12,632
18 Emmett Avenue, Rutland, VT 05701	$208,000	–	–	–	7,841
67 Pierpoint Avenue, Rutland, VT 05701	–	–	–	–	54,450
196 Columbian Avenue, Rutland, VT 05701	$455,043	–	–	–	20,038
186 State Street, Rutland, VT 05701	–	–	–	–	19,166
204 State Street, Rutland, VT 05701	$134,900	3	2	1,620	11,761

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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 10/01/2026 01:35 PM

Rutland, VT

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