197 N Main St

Rutland, VT 05701

$315,000
Last Sold Price
6
Beds
3,396 Sq. Ft.
$93 / Sq. Ft.
3,396
Sq. Ft.
$93
per Sq. Ft.
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Closed 2/15/24
Closed 2/15/24

Description

Your next investment opportunity is here! This well-maintained property consists of five units; one 2-bedroom and four 1-bedroom apartments. Tenants pay electric. Plenty of off-street parking available. Raising each unit to market rent will increase your income to make this property even more profitable. If you are looking to add to your portfolio, up to 36 units are available, see MLS #'s 4971734, 4971736, 4971738, 4971740, 4971745.Your next investment opportunity is here! This well-maintained property consists of five units; one 2-bedroom and four 1-bedroom apartments. Tenants pay electric. Plenty of off-street parking available. Raising each unit to market rent will increase your income to make this property even more profitable. If you are looking to add to your portfolio, up to 36 units are available, see MLS #'s 4971734, 4971736, 4971738, 4971740, 4971745.
  1. Listed by Hughes Group Team • Casella Real Estate

Sold By Casella Real Estate

Property Details for 197 North Main Street

Zoning
unknown
LISTING CLOSED: 02/15/2024 12:00 AM

Property Details for 197 North Main Street

StatusClosed
MLS #4971742
Days on Market98
Taxes$5,945 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1884
Lot Size0.52 AC / 22,651 SF
CountyRutland County
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Location

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Building Information for 197 North Main Street

Stories2Residences5Year Built1884Building Size-Lot Size0.52 AC / 22,651 SF

Payment Calculator

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$2,097 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,601

Property Taxes

$495

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 197 North Main Street

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.622407233373444
  • Longitude: -72.975220288360589
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 540-170-14538
  • Tax - Gross Amount: $5,944.92
  • Tax Year: 2023
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot - Sqft: 22651.0
  • Lot Size Acres: 0.52
  • Square Feet Apx Finished Above Grade: 3396.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Finished BG Source: Other
  • Square Feet Apx Total: 5094.0
  • Square Feet Apx Total Finished: 3396.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Other
  • Square Feet Apx Unfinished Below Grade: 1698.0
  • Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: Unknown
  • Foundation: Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1884
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Utilities: High Speed Intrnt -Avail, Telephone Available
Interior and Exterior Features
Exterior Features
  • Roads: Paved, Public
  • Roof: Slate
  • Total Ranges: 5
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Total Full Baths: 5
  • Heat Fuel: Oil
  • Heating: Baseboard, Hot Water
  • Cooling: None
  • Total Refrigerators: 5
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $55,800.00
  • Net Income: $30,597.00
  • Operating Expense Incl: Heat, Insurance, Other, Snow Removal, Trash, Utilities, Water/Sewer
  • Operating Expense: $25,203
Multi-Family Information
  • Total Units: 5
  • Total 1 BR Units: 4
  • Total 2 BR Units: 1
  • Total 3+ BR Units: 0
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Rooms: 4
  • Unit 1 Rental Amount: $1,050.00
  • Unit 1 Tenant Pays: Electric
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 3
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 1
  • Unit 2 Rental Amount: $900.00
  • Unit 2 Tenant Pays: Electric
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Rooms: 3
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Bedrooms: 1
  • Unit 3 Rental Amount: $900.00
  • Unit 3 Tenant Pays: Electric
Unit 4
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Rooms: 3
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Rental Amount: $900.00
  • Unit 4 Tenant Pays: Electric
Unit 5
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Rooms: 3
  • Unit 5 Rental Amount: $900.00
  • Unit 5 Tenant Pays: Electric

Property History for 197 North Main Street

DateEvent & SourcePriceAppreciation
Feb 15, 2024

Sold (Public Record)

Public Record #1527490767

$315,000

+16.6% / yr

Feb 15, 2024

Sold

New England Real Estate Network #4971742

$315,000—
Jan 2, 2024

Pending

New England Real Estate Network #4971742

—
DateEvent & SourcePrice
02/15/2024

Sold (Public Record)

Public Record #1527490767

$315,000

+16.6% / yr

02/15/2024

Sold

New England Real Estate Network #4971742

$315,000
01/02/2024

Pending

New England Real Estate Network #4971742

—

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

Public Records for 197 North Main Street

Taxable ValueLand$89,400Additions$77,400Total$166,800
Home Facts
Lot Size22,651 SqFtStyleMiscellaneous CommercialCountyRUTLANDAPN(170) 14538

Schools near 197 North Main 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
Rutland Northwest School
Public - PK to 2
Rating
School
Distance
Rutland Intermediate School
Public3 to 6

Rutland Middle School
Public7 to 8

Rutland Senior High School
Public9 to 12

Rutland Northwest School
PublicPK to 2

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)
191 North Main Street, Rutland, VT 05701
$62,500
3
1,398
15,246
205 North Main Street, Rutland, VT 05701
–
–
–
–
8,712
203 North Main Street, Rutland, VT 05701
$550,000
–
–
–
19,602
198 North Main Street, Rutland, VT 05701
$30,000
–
–
–
–
198 North Main Street, Unit A3, Rutland, VT 05701
$150,000
2
1,188
–

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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 04:09 AM