Last Sold Price
3 beds1,848 sqft$104/sqft
40 E Center St, Rutland, VT 05701

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.
LISTING CLOSED: 08/31/2023 12:00 AM

  1. Listed by Hughes Group Team • Casella Real Estate

Sold By Watson Realty & Associates

Property Details for 40 East Center Street

Status
MLS #
4954280
Days on Market
27
Taxes
$4,952 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family
Year Built
1920
Lot Size
0.11 AC / 4,791 SF
Zoning
unknown

Location

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Building Information for 40 East Center Street

Stories2Residences2Year Built1920Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$1,389 per month

30 year fixed, 6.55% Interest

Principal and Interest

$976

Property Taxes

$413

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 40 East Center Street

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
  • Construction Status: Existing
  • 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
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
Public - 3 to 6
Public - 7 to 8
Public - 9 to 12
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.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
–
–
–
–
13,068
$225,000
3
1,848
4,356
$40,000
–
–
–
77,972
$31,000
–
2,840
6,534
$153,000
–
2,050
4,791

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 08:07 AM