40 Summer Street

Closed 2/27/25

Sold

Last Sold Price

$259,000

4 beds4 baths2,886 sqft$90/sqft

40 Summer St, Rutland, VT 05701

Multi FamilyProperty Type

5,227 sq ftLot Size

1850Year Built

$90/sq ftPrice per sq ft

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.

Sold By Killington Valley Real Estate

Listed by: Mark Triller • Real Broker LLC

Listing closed: 02/27/2025 12:00 AM • Source: New England Real Estate Network, MLS#: 5015604

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Location

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$1,693 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,316

Property Taxes

$376

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 40 Summer Street

Property Details

Taxes: $4,513 / year
MLS Type: Multi Family
County: Rutland County
Parking: Carport, On Street, Paved
Zoning: 10

Building Information

Stories: 2
Residences: 3
Year Built: 1850
Lot Size: 0.12 AC / 5,227 SF

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

Virtual Tour

Property Panorama Virtual Tour: https://tour.neren.com/40-Summer-Street-Rutland-City-VT-05701/unbranded

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
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

Date	Event & Source	Price	Appreciation
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		—
Dec 27, 2024	Price Change New England Real Estate Network #5015604	$279,000	—
Nov 7, 2024	Price Change New England Real Estate Network #5015604	$289,000	—
Sep 23, 2024	Listed (Active) New England Real Estate Network #5015604	$299,000	—
Jan 26, 2010	Listed (Active) New England Real Estate Network #2816054	$159,900	—
Jun 23, 2004	Listed (Active) New England Real Estate Network #3097603	$159,000	—

Date	Event & Source	Price
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	—
12/27/2024	Price Change New England Real Estate Network #5015604	$279,000
11/07/2024	Price Change New England Real Estate Network #5015604	$289,000
09/23/2024	Listed (Active) New England Real Estate Network #5015604	$299,000
01/26/2010	Listed (Active) New England Real Estate Network #2816054	$159,900
06/23/2004	Listed (Active) New England Real Estate Network #3097603	$159,000

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

Tax Record2025$2,955 ($246 / month)

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
4/10	Rutland Intermediate School	Public - Serves this home	3 to 6	0.2 mi
3/10	Rutland Middle School	Public - Serves this home	7 to 8	0.2 mi
8/10	Rutland Senior High School	Public - Serves this home	9 to 12	1.5 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.5 mi
NR	Rutland Northeast Primary School	Public - Choice school	PK to 2	1.1 mi
NR	Rutland Northwest School	Public - Choice school	PK to 2	0.5 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	0.9 mi
NR	Christ The King School	Private - Nearby school	PK to 8	0.7 mi


Rating	School	Distance
4/10	Rutland Intermediate School Public3 to 6 Serves this home	0.2 mi
3/10	Rutland Middle School Public7 to 8 Serves this home	0.2 mi
8/10	Rutland Senior High School Public9 to 12 Serves this home	1.5 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.5 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	1.1 mi
NR	Rutland Northwest School PublicPK to 2 Choice school	0.5 mi
NR	Sheldon Academy Of Vermont Achievement Center Private3 to 12 Nearby school	1.1 mi
NR	Rutland Academy Private8 to 12 Nearby school	0.9 mi
NR	Christ The King School PrivatePK to 8 Nearby school	0.7 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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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.

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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 04:40 AM

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