40 Grant Ave

Rutland, VT 05701

$212,500
Last Sold Price
5
Beds
3,195 Sq. Ft.
$67 / Sq. Ft.
3,195
Sq. Ft.
$67
per Sq. Ft.
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Closed 12/12/22
Closed 12/12/22

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!
  1. Listed by Hughes Group Team • Casella Real Estate

Sold By TPW Real Estate

Property Details for 40 Grant Avenue

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

Property Details for 40 Grant Avenue

StatusClosed
MLS #4934188
Days on Market8
Taxes$5,677 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size0.27 AC / 11,761 SF
CountyRutland County
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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

$0

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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
  • Construction Status: Existing
  • 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

DateEvent & SourcePriceAppreciation
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

—
DateEvent & SourcePrice
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

—

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
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
Rutland Intermediate School
Public - 3 to 6
Rutland Middle School
Public - 7 to 8
Rutland Senior High School
Public - 9 to 12
Stafford Technical Center
Public - 9 to 12
Rating
School
Distance
Rutland Intermediate School
Public3 to 6

Rutland Middle School
Public7 to 8

Rutland Senior High School
Public9 to 12

Stafford Technical Center
Public9 to 12

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)
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
2,896
6,534
43 Grant Avenue, Rutland, VT 05701
$100,000
–
2,600
–

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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 02:07 AM