197 North Main Street

Closed 2/15/24

Last Sold Price

$315,000

6 beds5 baths3,396 sqft$93/sqft

197 N Main St, Rutland, VT 05701

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.

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

Listed by Hughes Group Team • Casella Real Estate

Sold By Casella Real Estate

Property Details for 197 North Main Street

Status

Closed

MLS #

4971742

Days on Market

Taxes

$5,945 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi Family

Year Built

1884

Lot Size

0.52 AC / 22,651 SF

County

Rutland County

Zoning

unknown

Recent comparable sales

Median sold price

$330,000

Avg days on market

Sale-to-list ratio

92.3%

1/32

$330,000

Sold 04/11/25

6
Bedrooms: 4
Bathrooms: 3,192
Square Feet: 0.17
Acres

139 Lincoln Avenue, Rutland, VT 05701

1/19

$300,000

Sold 12/17/25

5
Bedrooms: 5
Bathrooms: 3,306
Square Feet: 0.4
Acres

71 Grove Street, Rutland, VT 05701

1/18

$385,000

Sold 01/24/25

5
Bedrooms: 5
Bathrooms: 2,936
Square Feet: 0.17
Acres

46 Summer Street, Rutland, VT 05701

1/23

$395,000

Sold 05/26/26

6
Bedrooms: 6
Bathrooms: 3,900
Square Feet: 0.06
Acres

44 Baxter Street, Rutland, VT 05701

1/17

$285,000

Sold 06/13/25

5
Bedrooms: 5
Bathrooms: 2,700
Square Feet: 0.21
Acres

166 State Street, Rutland, VT 05701

1/23

$330,000

Sold 12/05/24

7
Bedrooms: 4
Bathrooms: 3,220
Square Feet: 0.17
Acres

60 Elm Street, Rutland, VT 05701

1/24

$350,000

Sold 09/30/25

7
Bedrooms: 4
Bathrooms: 3,139
Square Feet: 0.17
Acres

162 State Street, Rutland, VT 05701

1/18

$321,000

Sold 02/14/25

7
Bedrooms: 4
Bathrooms: 2,968
Square Feet: 0.22
Acres

16 East Washington Street, Rutland, VT 05701

1/28

$182,500

Sold 03/13/26

6
Bedrooms: 4
Bathrooms: 2,860
Square Feet: 0.26
Acres

75 Harrison Avenue, Rutland, VT 05701

Get preapproved with Rocket Mortgage¹

Location

Add your commute

Building Information for 197 North Main Street

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

Payment Calculator

Get preapproved with Rocket Mortgage¹

$2,097 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,601

Property Taxes

$495

HOA Dues

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

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

Virtual Tour

Property Panorama Virtual Tour: https://tour.neren.com/197-North-Main-Street-Rutland-City-VT-05701/unbranded

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
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

Date	Event & Source	Price	Appreciation
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		—
Dec 30, 2023	Expired New England Real Estate Network #4971742		—
Sep 26, 2023	Listed (Active) New England Real Estate Network #4971742	$350,000	—
Feb 16, 2023	Sold (Public Record) Public Record #1506252010	$270,300	—
May 11, 2011	Listed (Active) New England Real Estate Network #4062697	$260,000	—
Dec 6, 2004	Sold New England Real Estate Network #3090877	$140,000	—
Oct 26, 2004	Pending New England Real Estate Network #3090877		—
Oct 24, 2003	Price Change New England Real Estate Network #3090877	$159,500	—
Oct 24, 2003	Listed (Active) New England Real Estate Network #3090877	$149,500	—

Date	Event & Source	Price
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	—
12/30/2023	Expired New England Real Estate Network #4971742	—
09/26/2023	Listed (Active) New England Real Estate Network #4971742	$350,000
02/16/2023	Sold (Public Record) Public Record #1506252010	$270,300
05/11/2011	Listed (Active) New England Real Estate Network #4062697	$260,000
12/06/2004	Sold New England Real Estate Network #3090877	$140,000
10/26/2004	Pending New England Real Estate Network #3090877	—
10/24/2003	Price Change New England Real Estate Network #3090877	$159,500
10/24/2003	Listed (Active) New England Real Estate Network #3090877	$149,500

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

Tax Record2025$3,215 ($268 / month)

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
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	Rutland Northwest School	Public - Choice school	PK to 2	1.1 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.1 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	Rutland Northwest School PublicPK to 2 Choice school	1.1 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.1 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.

Similar Homes

New listings in 05701

1/44

$1,299,000

4
Bedrooms: 4
Bathrooms: 4,160
Square Feet: 0.77
Acres

475 Brookwood, Rutland, VT 05701

$699,000 | 5610 Vt Route 4, Rutland, VT 05701

1/40

Active Under Contract

$699,000

3
Bedrooms: 2
Bathrooms: 2,088
Square Feet: 7.1
Acres

5610 Vt Route 4, Rutland, VT 05701

1/19

$101,899

3
Bedrooms: 2
Bathrooms: 911
Square Feet: Unavailable
Acres

29 Billings Avenue, Rutland, VT 05701

1/13

$569,500

Unavailable
Bedrooms: 5
Bathrooms: 4,329
Square Feet: 0.15
Acres

107 Franklin Street, Rutland, VT 05701

$450,000 | 120 Maple Street, Rutland, VT 05701

1/38

Active Under Contract

$450,000

Unavailable
Bedrooms: 5
Bathrooms: 3,600
Square Feet: 0.22
Acres

120 Maple Street, Rutland, VT 05701

$995,000 | 70 North Main Street, Rutland, VT 05701

1/45

Virtual Tour

$995,000

10
Bedrooms: 11
Bathrooms: 5,970
Square Feet: 0.55
Acres

70 North Main Street, Rutland, VT 05701

$469,000 | 249 West Ridge Terrace, Rutland Town, VT 05701

1/60

Active Under Contract

$469,000

3
Bedrooms: 4
Bathrooms: 2,955
Square Feet: 0.72
Acres

249 West Ridge Terrace, Rutland Town, VT 05701

1/31

$310,000

4
Bedrooms: 3
Bathrooms: 2,500
Square Feet: 0.13
Acres

48 Kendall Avenue, Rutland, VT 05701

$59,900 | 1 Prestons Park, Rutland, VT 05701

1/12

Active Under Contract

$59,900

2
Bedrooms: 2
Bathrooms: 1,008
Square Feet: Unavailable
Acres

1 Prestons Park, Rutland, VT 05701

Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 197 North Main Street, Rutland, VT 05701	$315,000	6	5	3,396	22,651
191 North Main Street, Rutland, VT 05701	$62,500	3	2	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	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	–
198 North Main Street, Unit 5, Rutland, VT 05701	$135,000	2	2	1,200	–
190 North Main Street, Rutland, VT 05701	–	–	–	–	10,890
189 North Main Street, Rutland, VT 05701	$585,000	13	8	5,000	15,681
202 North Main Street, Rutland, VT 05701	–	–	–	–	10,019
187 North Main Street, Rutland, VT 05701	–	–	–	–	13,939

Explore Nearby Homes

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 08/21/2026 01:22 AM

Rutland, VT

Know your buying power with a preapproval and custom rate in minutes

Explore Nearby Homes

Homes in Nearby Rutland Neighborhoods

Homes in Nearby Rutland Cities

Homes in Nearby Rutland Zip Codes