40 Grant Avenue

Closed 12/12/22

Last Sold Price

$212,500

5 beds5 baths3,195 sqft$67/sqft

40 Grant Ave, Rutland, VT 05701

Description

Here is a great 5-unit multifamily in Rutland City that has been very well maintained over the years. All units have 1 bedroom with a kitchen, living room, and full bathroom. The property offers plenty of off-street parking, a detached garage, and is vinyl sided for easy maintenance. Conveniently located within walking distance to downtown. The property currently has a CAP rate of 8%, but this is using past rental income. Units 3, 4, and 5 are now vacant and rental amounts were well below market...Here is a great 5-unit multifamily in Rutland City that has been very well maintained over the years. All units have 1 bedroom with a kitchen, living room, and full bathroom. The property offers plenty of off-street parking, a detached garage, and is vinyl sided for easy maintenance. Conveniently located within walking distance to downtown. The property currently has a CAP rate of 8%, but this is using past rental income. Units 3, 4, and 5 are now vacant and rental amounts were well below market rate. If those three units were at market rate the projected new cap rate would be just over 13%. The two occupied units are also below market rent leaving even more room to increase the income potential. Unit 3 had a very long-term tenant and is in need of a total rehab, but once complete all units would be in great condition!

LISTING CLOSED: 12/12/2022 12:00 AM

Listed by Hughes Group Team • Casella Real Estate

Sold By TPW Real Estate

Property Details for 40 Grant Avenue

Status

Closed

MLS #

4934188

Days on Market

Taxes

$5,677 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi Family

Year Built

1900

Lot Size

0.27 AC / 11,761 SF

County

Rutland County

Zoning

unknown

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Location

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Building Information for 40 Grant Avenue

Stories2Residences5Year Built1900Building Size-Lot Size0.27 AC / 11,761 SF

Payment Calculator

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$1,553 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,080

Property Taxes

$473

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 40 Grant Avenue

Summary

Location and General Information

City: Rutland City
County: VT-Rutland

Directions: From West St turn on to Lincoln Ave and then left on to Grant Ave
Latitude: 43.609538999999991
Longitude: -72.976303728836058
Road Frontage: TBD
Seasonal: No
State: VT
Street Designation: Avenue
Zip Code: 05701

Taxes and HOA Information

SPAN Number: 540-170-15449
Tax - Gross Amount: $5,676.88

Tax Year: 2022
Taxes TBD: No

Parking

Garage: Yes
Garage Capacity: 1.00

Driveway: Paved

Property

Lot Information

Lot - Sqft: 11761.0
Lot Size Acres: 0.27

Square Feet Apx Finished Above Grade: 3195.0
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: 4424.0
Square Feet Apx Total Finished: 3195.0
Square Feet Apx Unfinished Above Grade: 0.0
Square Feet Apx Unfinished AG Source: Other
Square Feet Apx Unfinished Below Grade: 1229.0
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: 1900

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: Walk-up

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: $38,760.00
Net Income: $19,883.93

Multi-Family Information

Total Units: 5
Total 1 BR Units: 5

Total 2 BR Units: 0
Total 3+ BR Units: 0

Unit Information

Unit 1

Unit 1 Baths: 1
Unit 1 Bedrooms: 1

Unit 1 Lease Term: Month to Month
Unit 1 Rental Amt Freq: Monthly
Unit 1 Rooms: 3
Unit 1 Rental Amount: $700.00
Unit 1 Tenant Pays: Electric
Unit 1 Info: Appliances Included

Unit 2

Unit 2 Lease Term: Month to Month
Unit 2 Baths: 1

Unit 2 Rooms: 3
Unit 2 Rental Amt Freq: Monthly
Unit 2 Bedrooms: 1
Unit 2 Rental Amount: $730.00
Unit 2 Info: Appliances Included
Unit 2 Tenant Pays: Electric

Unit 3

Unit 3 Baths: 1
Unit 3 Rooms: 3

Unit 3 Rental Amt Freq: Monthly
Unit 3 Status: Vacant
Unit 3 Bedrooms: 1
Unit 3 Rental Amount: $600.00
Unit 3 Info: Appliances Included
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 Status: Vacant
Unit 4 Rental Amount: $600.00
Unit 4 Info: Appliances Included
Unit 4 Tenant Pays: Electric

Unit 5

Unit 5 Rental Amt Freq: Monthly
Unit 5 Status: Vacant

Unit 5 Baths: 1
Unit 5 Bedrooms: 1
Unit 5 Rooms: 3
Unit 5 Rental Amount: $600.00
Unit 5 Info: Appliances Included
Unit 5 Tenant Pays: Electric

Property History for 40 Grant Avenue

Date	Event & Source	Price	Appreciation
Dec 12, 2022	Sold New England Real Estate Network #4934188	$212,500	—
Dec 2, 2022	Sold (Public Record) Public Record #1502370796	$212,500	+2.2% / yr
Oct 25, 2022	Pending New England Real Estate Network #4934188		—
Oct 17, 2022	Listed (Active) New England Real Estate Network #4934188	$239,900	—
Dec 11, 2021	Expired New England Real Estate Network #4865961		—
Jun 10, 2021	Listed (Active) New England Real Estate Network #4865961	$269,900	—
Oct 16, 2009	Sold (Public Record) Public Record #594367650	$160,000	+2698.6% / yr
Jul 15, 2009	Sold (Public Record) Public Record #594366907	$68,500	—
Nov 1, 2007	Listed (Active) New England Real Estate Network #3048229	$249,500	—
Nov 8, 2000	Sold New England Real Estate Network #3005015	$27,500	—
Oct 13, 2000	Pending New England Real Estate Network #3005015		—
Oct 10, 2000	Listed (Active) New England Real Estate Network #3005015	$32,590	—

Date	Event & Source	Price
12/12/2022	Sold New England Real Estate Network #4934188	$212,500
12/02/2022	Sold (Public Record) Public Record #1502370796	$212,500 +2.2% / yr
10/25/2022	Pending New England Real Estate Network #4934188	—
10/17/2022	Listed (Active) New England Real Estate Network #4934188	$239,900
12/11/2021	Expired New England Real Estate Network #4865961	—
06/10/2021	Listed (Active) New England Real Estate Network #4865961	$269,900
10/16/2009	Sold (Public Record) Public Record #594367650	$160,000 +2698.6% / yr
07/15/2009	Sold (Public Record) Public Record #594366907	$68,500
11/01/2007	Listed (Active) New England Real Estate Network #3048229	$249,500
11/08/2000	Sold New England Real Estate Network #3005015	$27,500
10/13/2000	Pending New England Real Estate Network #3005015	—
10/10/2000	Listed (Active) New England Real Estate Network #3005015	$32,590

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

Public Records for 40 Grant Avenue

Taxable ValueLand$49,300Additions$115,100Total$164,400

Tax Record2025$3,168 ($264 / month)

Home Facts

Beds0Lot Size11,761 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 15449

Schools near 40 Grant Avenue

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	0.3 mi
3/10	Rutland Middle School	Public - Serves this home	7 to 8	0.3 mi
8/10	Rutland Senior High School	Public - Serves this home	9 to 12	1.2 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.2 mi
NR	Rutland Northeast Primary School	Public - Choice school	PK to 2	0.9 mi
NR	Rutland Northwest School	Public - Choice school	PK to 2	0.8 mi
NR	Fay Honey Knopp Memorial School	Private - Nearby school	9 to 12	1.0 mi
NR	Sheldon Academy Of Vermont Achievement Center	Private - Nearby school	3 to 12	1.1 mi
NR	Rutland Academy	Private - Nearby school	8 to 12	0.8 mi


Rating	School	Distance
4/10	Rutland Intermediate School Public3 to 6 Serves this home	0.3 mi
3/10	Rutland Middle School Public7 to 8 Serves this home	0.3 mi
8/10	Rutland Senior High School Public9 to 12 Serves this home	1.2 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.2 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	0.9 mi
NR	Rutland Northwest School PublicPK to 2 Choice school	0.8 mi
NR	Fay Honey Knopp Memorial School Private9 to 12 Nearby school	1.0 mi
NR	Sheldon Academy Of Vermont Achievement Center Private3 to 12 Nearby school	1.1 mi
NR	Rutland Academy Private8 to 12 Nearby school	0.8 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: 40 Grant Avenue, Rutland, VT 05701	$212,500	5	5	3,195	11,761
41 Grant Avenue, Rutland, VT 05701	$100,000	–	–	–	7,405
17 Lincoln Avenue, Rutland, VT 05701	$340,000	–	–	–	5,227
15 Lincoln Avenue, Rutland, VT 05701	–	–	–	–	5,227
39 Grant Avenue, Rutland, VT 05701	$220,000	7	4	2,896	6,534
43 Grant Avenue, Rutland, VT 05701	$100,000	–	4	2,600	–
37 Grant Avenue, Rutland, VT 05701	–	–	–	–	6,534
16 Elm Street, Rutland, VT 05701	$20,000	3	2	3,307	6,534
11 Lincoln Avenue, Rutland, VT 05701	$167,500	7	6	4,241	11,761
21 Lincoln Avenue, Rutland, VT 05701	–	–	–	–	6,534
45 Grant Avenue, Rutland, VT 05701	–	–	–	–	5,663
14 Elm Street, Rutland, VT 05701	–	–	–	–	9,148
18 Elm Street, Rutland, VT 05701	$10,000	–	–	–	6,534
Grant Avenue, Rutland, VT 05701	$9,000	–	–	–	8,276
12 Elm Street, Rutland, VT 05701	$34,900	4	2	1,831	7,840
33 Grant Avenue, Rutland, VT 05701	$180,000	–	–	–	10,454

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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 08/21/2026 08:18 AM

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