40 East Center Street

Closed 8/31/23
Closed 8/31/23
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Sold
Last Sold Price
$192,000
3 beds1,848 sqft$104/sqft
40 E Center St, Rutland, VT 05701
Multi FamilyProperty Type
4,791 sq ftLot Size
1920Year Built
$104/sq ftPrice per sq ft

Description

This well maintained 2-unit property offers many possibilities. Purchase it as an investment property or to owner occupy one of the units so you can supplement your mortgage with the rental income from the 2nd unit. The first floor is a 1 bedroom with a full bath, living room, and spacious kitchen. The second-floor unit is a 2 bedroom, with a full bath, living room, kitchen, and even has a bonus room on the 3rd floor. A previous seller had plans to turn the 3rd level into an efficiency unit, but...This well maintained 2-unit property offers many possibilities. Purchase it as an investment property or to owner occupy one of the units so you can supplement your mortgage with the rental income from the 2nd unit. The first floor is a 1 bedroom with a full bath, living room, and spacious kitchen. The second-floor unit is a 2 bedroom, with a full bath, living room, kitchen, and even has a bonus room on the 3rd floor. A previous seller had plans to turn the 3rd level into an efficiency unit, but never finished the project, this could be a future possibility. The first-floor tenant will be moving out at the end of June offering the ability to move right in or increase the rent to market price.

    Sold By Watson Realty & Associates

    • Listed by: Hughes Group Team • Casella Real Estate
    Listing closed: 08/31/2023 12:00 AM • Source: New England Real Estate Network, MLS#: 4954280
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    $1,389 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $976

    Property Taxes

    $413

    HOA Dues

    $0

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    Property Information for 40 East Center Street

    Property Details
    Building Information
    • Stories: 2
    • Residences: 2
    • Year Built: 1920
    • Lot Size: 0.11 AC / 4,791 SF
    Summary
    Location and General Information
    • City: Rutland City
    • County: VT-Rutland
    • Latitude: 43.607979000000007
    • Longitude: -72.968048457672126
    • Road Frontage: TBD
    • Seasonal: No
    • State: VT
    • Street Designation: Street
    • Zip Code: 05701
    Taxes and HOA Information
    • SPAN Number: 540-170-17704
    • Tax - Gross Amount: $4,951.72
    • Tax Year: 2023
    • Taxes TBD: No
    Parking
    • Garage: No
    • Driveway: Paved
    Property
    Lot Information
    • Lot - Sqft: 4792.0
    • Lot Size Acres: 0.11
    • Square Feet Apx Finished Above Grade: 1848.0
    • 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: 2772.0
    • Square Feet Apx Total Finished: 1848.0
    • Square Feet Apx Unfinished Above Grade: 0.0
    • Square Feet Apx Unfinished AG Source: Public Records
    • Square Feet Apx Unfinished Below Grade: 924.0
    • Square Feet Apx Unfinished BG Source: Public Records
    Property and Assessments
    • Property Class: Multi-Family
    • Flood Zone: Unknown
    • Foundation: Brick, Stone
    • PreConstruction: No
    • Surveyed: Unknown
    • Year Built: 1920
    Utilities
    • Electric: Circuit Breaker(s)
    • Sewer: Public
    • Utilities: High Speed Intrnt -Avail, Telephone Available
    Interior and Exterior Features
    Exterior Features
    • Features - Exterior: Porch
    • Roads: Paved, Public
    • Roof: Shingle - Asphalt
    • Total Ranges: 2
    Interior Features
    • Basement: Yes
    • Basement Access Type: Walk-up
    • Basement Description: Concrete Floor, Stairs - Exterior, Sump Pump, Unfinished
    • Total Full Baths: 2
    • Flooring: Carpet, Laminate, Wood
    • Heat Fuel: Oil
    • Heating: Hot Water
    • Cooling: None
    • Total Refrigerators: 2
    • Total Stories: 2
    • Total Water Heaters: 2
    Multi Family
    Income & Expenses Information
    • Gross Income: $21,000.00
    • Net Income: $9,497.48
    • Operating Expense Incl: Heat, Insurance, Utilities, Water/Sewer
    • Operating Expense: $6,550
    Multi-Family Information
    • Total Units: 2
    • Total 1 BR Units: 1
    • Total 2 BR Units: 1
    • Total 3+ BR Units: 0
    Unit Information
    Unit 1
    • Unit 1 Baths: 1
    • Unit 1 Bedrooms: 1
    • Unit 1 Level Number: 1
    • Unit 1 Rental Amt Freq: Monthly
    • Unit 1 Rooms: 3
    • Unit 1 Rental Amount: $750.00
    • Unit 1 Tenant Pays: Electric, Snow Removal
    • Unit 1 Info: Appliances Included, Electric, Heat Included
    Unit 2
    • Unit 2 Baths: 1
    • Unit 2 Rooms: 4
    • Unit 2 Level Number: 2
    • Unit 2 Rental Amt Freq: Monthly
    • Unit 2 Bedrooms: 2
    • Unit 2 Rental Amount: $1,000.00
    • Unit 2 Info: Appliances Included, Electric, Heat Included
    • Unit 2 Tenant Pays: Landscaping, Snow Removal

    Property History for 40 East Center Street

    DateEvent & SourcePriceAppreciation
    Aug 31, 2023

    Sold (Public Record)

    Public Record #1526043885

    		$192,000

    +16.4% / yr

    Aug 31, 2023

    Sold

    New England Real Estate Network #4954280

    		$192,000—
    Aug 30, 2023

    Pending

    New England Real Estate Network #4954280

    		—
    DateEvent & SourcePrice
    08/31/2023

    Sold (Public Record)

    Public Record #1526043885

    $192,000

    +16.4% / yr

    08/31/2023

    Sold

    New England Real Estate Network #4954280

    $192,000
    08/30/2023

    Pending

    New England Real Estate Network #4954280

    —

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

    Public Records for 40 East Center Street

    Taxable ValueLand$55,600Additions$87,800Total$143,400
    Tax Record2025$2,303 ($192 / month)
    Home Facts
    Beds0Lot Size4,792 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 17704

    Schools near 40 East Center 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 Northeast Primary 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 Northeast Primary 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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    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 09/10/2026 07:28 AM