Last Sold Price
4 beds2,886 sqft$90/sqft
40 Summer St, Rutland, VT 05701

Description

Looking for the perfect investment property, or perfect opportunity to owner occupy? Then you need to check out this well maintained, 3 unit, 4 bed, 4 bath, multi-family property only a few blocks from downtown shopping, dining and events. Two of the apartments, #2 and #3, were recently renovated in 2022 ( see attached list of improvements ) with new washers and dryers, vinyl plank flooring, kitchen counter tops and cabinets, and new appliances and an energy efficient mini split in apt#3 for Summer...Looking for the perfect investment property, or perfect opportunity to owner occupy? Then you need to check out this well maintained, 3 unit, 4 bed, 4 bath, multi-family property only a few blocks from downtown shopping, dining and events. Two of the apartments, #2 and #3, were recently renovated in 2022 ( see attached list of improvements ) with new washers and dryers, vinyl plank flooring, kitchen counter tops and cabinets, and new appliances and an energy efficient mini split in apt#3 for Summer cooling and economical heat. This property has a single oil FHA furnace replaced in 2000 and a new oil tank replaced in 2022 with vinyl siding and newer vinyl windows all around and an electrical cost saving solar array on the roof. All old knob and tube wiring terminated and replaced. And you'll find that there is little to no deferred maintenance here at this property. Month to month leases with reliable rental income and an opportunity to improve cash flow. There's plenty of on-street and off-street parking as well a carport to get your car out of the weather and a large rear deck to enjoy the mountain view. You're less than 20 minutes from Killing/Pico Ski Resorts, and less than 2 hours from Burlington or Albany Airport. This is a must see.
LISTING CLOSED: 02/27/2025 12:00 AM

  1. Listed by Mark Triller • Real Broker LLC

Sold By Killington Valley Real Estate

Property Details for 40 Summer Street

Status
MLS #
5015604
Days on Market
129
Taxes
$4,513 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family
Year Built
1850
Lot Size
0.12 AC / 5,227 SF
Parking
Carport, On Street, Paved
Zoning
10

Location

Add your commute

Building Information for 40 Summer Street

Stories2Residences3Year Built1850Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$1,693 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,316

Property Taxes

$376

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 40 Summer Street

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Directions: 40 Summer Street. Sign in Front.
  • Latitude: 43.610350000000025
  • Longitude: -72.982028186508188
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 54017015589
  • Tax Year: 2025
  • Taxes TBD: Unknown
School Information
  • School - High: Rutland Senior High School
  • School - District: Rutland City School District
  • School - Elementary: Northwest Primary School
  • School - Middle/Jr: Rutland Intermediate School
Parking
  • Garage: No
  • Driveway: Paved
Property
Lot Information
  • Lot - Sqft: 5227.0
  • Lot Features: City Lot
  • Lot Size Acres: 0.12
  • Square Feet Apx Finished Above Grade: 2886.0
  • Square Feet Apx Finished AG Source: Assessor
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 5029.0
  • Square Feet Apx Total Finished: 2886.0
  • Square Feet Apx Unfinished Above Grade: 623.0
  • Square Feet Apx Unfinished AG Source: Estimated
  • Square Feet Apx Unfinished Below Grade: 1520.0
  • Square Feet Apx Unfinished BG Source: Assessor
Property and Assessments
  • Assessment Amount: $153,300
  • Assessment Year: 2023
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Easements: Yes
  • Flood Zone: Unknown
  • Foundation: Fieldstone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1850
Utilities
  • Electric Company: GMP
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable - At Site, Telephone Available
  • Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Vinyl Siding
  • Features - Exterior: Deck, Porch - Covered
  • Roof: Shingle
  • Total Ranges: 3
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Stairs - Interior, Unfinished
  • Total Full Baths: 4
  • Flooring: Carpet, Laminate
  • Heating: Oil, Forced Air
  • Cooling: Mini Split
  • Total Refrigerators: 3
  • Total Stories: 2
  • Total Water Heaters: 1
Multi Family
Income & Expenses Information
  • Gross Income: $37,200.00
Multi-Family Information
  • Total Units: 3
  • Total 1 BR Units: 2
  • Total 2 BR Units: 1
  • Total 3+ BR Units: 0
  • Total Heat Units: 1
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Lease Term: Month to Month
  • Unit 1 Level Number: 1
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Month to Month
  • Unit 1 Rental Amount: $500.00
  • Unit 1 Tenant Pays: Electric, Internet Service
  • Unit 1 Info: Heat Included
Unit 2
  • Unit 2 Lease Term: Month to Month
  • Unit 2 Baths: 1
  • Unit 2 Status: Month to Month
  • Unit 2 Level Number: 1
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 1
  • Unit 2 Rental Amount: $1,000.00
  • Unit 2 Info: Dryer, Heat Included, Washer
  • Unit 2 Tenant Pays: Internet Service
Unit 3
  • Unit 3 Lease Term: Month to Month
  • Unit 3 Baths: 2
  • Unit 3 Level Number: 2
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Month to Month
  • Unit 3 Bedrooms: 2
  • Unit 3 Rental Amount: $1,600.00
  • Unit 3 Info: Air Conditioner, Dryer, Heat Included, Washer
  • Unit 3 Tenant Pays: Internet Service
Rental
Rent Information
  • Total Leases: 2

Property History for 40 Summer Street

DateEvent & SourcePriceAppreciation
Feb 27, 2025

Sold (Public Record)

Public Record #1552465638

$259,000—
Feb 27, 2025

Sold

New England Real Estate Network #5015604

$259,000—
Jan 30, 2025

Active Under Contract

New England Real Estate Network #5015604

—
DateEvent & SourcePrice
02/27/2025

Sold (Public Record)

Public Record #1552465638

$259,000
02/27/2025

Sold

New England Real Estate Network #5015604

$259,000
01/30/2025

Active Under Contract

New England Real Estate Network #5015604

—

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

Public Records for 40 Summer Street

Taxable ValueLand$40,500Additions$112,800Total$153,300
Home Facts
Beds0Lot Size5,227 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 15589

Schools near 40 Summer 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 - 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)
–
–
–
–
5,663
$35,000
–
–
–
8,276
$385,000
5
2,936
7,405
$109,500
3
1,500
4,356
–
–
–
–
8,276

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 Real Broker LLC

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 10:48 AM