43 Summer Street

Closed 5/15/26

Last Sold Price

$360,000

8 beds8 baths3,896 sqft$92/sqft

43 Summer St, Rutland, VT 05701

Description

Investment Opportunity: 8-Unit Multifamily in Rutland City Don’t miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property...Investment Opportunity: 8-Unit Multifamily in Rutland City Don’t miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.

LISTING CLOSED: 05/15/2026 12:00 AM

Listed by Betsy Adamovich • Real Broker LLC

Sold By Real Broker LLC

Property Details for 43 Summer Street

Status

Closed

MLS #

5081739

Days on Market

Taxes

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi Family

Year Built

1860

Lot Size

0.11 AC / 4,791 SF

County

Rutland County

Zoning

MR1

Get preapproved with Rocket Mortgage¹

Location

Add your commute

Building Information for 43 Summer Street

Stories2Residences8Year Built1860Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

Get preapproved with Rocket Mortgage¹

$2,096 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,830

Property Taxes

$266

HOA Dues

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Property Information for 43 Summer Street

Summary

Location and General Information

City: Rutland City
County: VT-Rutland

Latitude: 43.610473000001001
Longitude: -72.982568999999998
Road Frontage: TBD
Seasonal: No
State: VT
Street Designation: Street
Zip Code: 05701

Taxes and HOA Information

SPAN Number: 540-170-12669
Taxes TBD: Unknown

Parking

Garage: No
Driveway: Dirt

Property

Lot Information

Lot Features: City Lot, Sidewalks, Street Lights
Lot Size Acres: 0.11

Total Finished Area: 3896.0
Above Grade Finished Area: 3896.0
Above Grade Finished Area Source: Public Records
Above Grade Unfinished Area: 535.0
AboveGradeUnfinishedAreaSource: Public Records
Below Grade Finished Area: 0.0
Below Grade Unfinished Area: 2098.0
BelowGradeUnfinishedAreaSource: Public Records
Lot Size Square Feet: 4792.0
Total Area: 6529.0

Property and Assessments

Property Class: Multi-Family
Flood Zone: No

PreConstruction: No
Surveyed: Unknown
Year Built: 1860

Utilities

Electric: Circuit Breaker(s)
Sewer: Public

Water Source: Public
Utilities: Cable Available, Telephone Available
Internet: High Speed Intrnt Avail

Interior and Exterior Features

Exterior Features

Construction Materials: Wood Frame, Vinyl Siding
Roof: Shingle

Interior Features

Basement: Yes
Basement Access Type: Interior

Basement Description: Partial, Unfinished
Heating: Oil, Forced Air
Cooling: None
Total Stories: 2

Multi Family

Income & Expenses Information

Operating Expense Incl: Heat, Insurance, Snow Removal, Trash, Water/Sewer
Operating Expense: $36,746

Multi-Family Information

Total Units: 8
Total 1 BR Units: 6

Total 2 BR Units: 1
Total 3+ BR Units: 0

Unit Information

Unit 1

Unit 1 Baths: 1
Unit 1 Bedrooms: 1

Unit 1 Rental Amt Freq: Monthly
Unit 1 Status: Leased
Unit 1 Rental Amount: $650.00

Unit 2

Unit 2 Baths: 1
Unit 2 Status: Leased

Unit 2 Rental Amt Freq: Monthly
Unit 2 Bedrooms: 1
Unit 2 Rental Amount: $725.00

Unit 3

Unit 3 Baths: 1
Unit 3 Rental Amt Freq: Monthly

Unit 3 Status: Leased
Unit 3 Bedrooms: 1
Unit 3 Rental Amount: $900.00

Unit 4

Unit 4 Rental Amt Freq: Monthly
Unit 4 Baths: 1

Unit 4 Bedrooms: 1
Unit 4 Status: Leased
Unit 4 Rental Amount: $650.00

Unit 5

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

Unit 5 Baths: 1
Unit 5 Bedrooms: 1
Unit 5 Rental Amount: $750.00

Unit 6

Unit 6 Baths: 1
Unit 6 Bedrooms: 1

Unit 6 Rental Amt Freq: Monthly
Unit 6 Status: Leased
Unit 6 Rental Amount: $850.00

Unit 7

Unit 7 Bedrooms: 2
Unit 7 Baths: 1

Unit 7 Rental Amt Freq: Monthly
Unit 7 Status: Leased
Unit 7 Rental Amount: $1,200.00

Unit 8

Unit 8 Baths: 1
Unit 8 Rental Amount: $900.00

Unit 8 Rental Amt Freq: Monthly
Unit 8 Status: Leased
Unit 8 Style: studio
Unit 8 Bedrooms: 0

Property History for 43 Summer Street

Date	Event & Source	Price	Appreciation
May 15, 2026	Sold (Public Record) Public Record #1939754831	$360,000	—
May 15, 2026	Sold New England Real Estate Network #5081739	$360,000	—
May 15, 2026	Pending New England Real Estate Network #5081739		—
Apr 1, 2026	Active Under Contract New England Real Estate Network #5081739		—
Apr 1, 2026	Listed (Active) New England Real Estate Network #5081739	$449,000	—
Sep 16, 2025	Expired New England Real Estate Network #5017747		—
Apr 23, 2025	Active Under Contract New England Real Estate Network #5017747		—
Oct 8, 2024	Listed (Active) New England Real Estate Network #5017747	$479,000	—
Sep 12, 2008	Sold New England Real Estate Network #2656683	$262,000	—
Jun 30, 2008	Pending New England Real Estate Network #2656683		—
May 25, 2007	Listed (Active) New England Real Estate Network #2656683	$299,000	—

Date	Event & Source	Price
05/15/2026	Sold (Public Record) Public Record #1939754831	$360,000
05/15/2026	Sold New England Real Estate Network #5081739	$360,000
05/15/2026	Pending New England Real Estate Network #5081739	—
04/01/2026	Active Under Contract New England Real Estate Network #5081739	—
04/01/2026	Listed (Active) New England Real Estate Network #5081739	$449,000
09/16/2025	Expired New England Real Estate Network #5017747	—
04/23/2025	Active Under Contract New England Real Estate Network #5017747	—
10/08/2024	Listed (Active) New England Real Estate Network #5017747	$479,000
09/12/2008	Sold New England Real Estate Network #2656683	$262,000
06/30/2008	Pending New England Real Estate Network #2656683	—
05/25/2007	Listed (Active) New England Real Estate Network #2656683	$299,000

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

Public Records for 43 Summer Street

Taxable ValueLand$60,700Additions$105,000Total$165,700

Tax Record2025$3,194 ($266 / month)

Home Facts

Lot Size4,792 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 12669

Schools near 43 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.

Similar Homes

New listings in 05701

1/44

$1,299,000

4
Bedrooms: 4
Bathrooms: 4,160
Square Feet: 0.77
Acres

475 Brookwood, Rutland, VT 05701

$699,000 | 5610 Vt Route 4, Rutland, VT 05701

1/40

Active Under Contract

$699,000

3
Bedrooms: 2
Bathrooms: 2,088
Square Feet: 7.1
Acres

5610 Vt Route 4, Rutland, VT 05701

1/19

$101,899

3
Bedrooms: 2
Bathrooms: 911
Square Feet: Unavailable
Acres

29 Billings Avenue, Rutland, VT 05701

1/13

$569,500

Unavailable
Bedrooms: 5
Bathrooms: 4,329
Square Feet: 0.15
Acres

107 Franklin Street, Rutland, VT 05701

$450,000 | 120 Maple Street, Rutland, VT 05701

1/38

Active Under Contract

$450,000

Unavailable
Bedrooms: 5
Bathrooms: 3,600
Square Feet: 0.22
Acres

120 Maple Street, Rutland, VT 05701

$995,000 | 70 North Main Street, Rutland, VT 05701

1/45

Virtual Tour

$995,000

10
Bedrooms: 11
Bathrooms: 5,970
Square Feet: 0.55
Acres

70 North Main Street, Rutland, VT 05701

$469,000 | 249 West Ridge Terrace, Rutland Town, VT 05701

1/60

Active Under Contract

$469,000

3
Bedrooms: 4
Bathrooms: 2,955
Square Feet: 0.72
Acres

249 West Ridge Terrace, Rutland Town, VT 05701

1/31

$310,000

4
Bedrooms: 3
Bathrooms: 2,500
Square Feet: 0.13
Acres

48 Kendall Avenue, Rutland, VT 05701

$59,900 | 1 Prestons Park, Rutland, VT 05701

1/12

Active Under Contract

$59,900

2
Bedrooms: 2
Bathrooms: 1,008
Square Feet: Unavailable
Acres

1 Prestons Park, Rutland, VT 05701

Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 43 Summer Street, Rutland, VT 05701	$360,000	8	8	3,896	4,791
47 Summer Street, Rutland, VT 05701	$120,000	5	3	2,730	6,969
49 Summer Street, Rutland, VT 05701	$188,700	6	2	2,910	6,534
40 Pine Street, Rutland, VT 05701	$9,438	–	–	–	8,712
42 Pine Street, Rutland, VT 05701	–	–	–	–	6,970
40 Summer Street, Rutland, VT 05701	$259,000	4	4	2,886	5,227
38 Pine Street, Rutland, VT 05701	$220,000	6	4	2,984	8,276
46 Summer Street, Rutland, VT 05701	$385,000	5	5	2,936	7,405
42 Summer Street, Rutland, VT 05701	$35,000	–	–	–	8,276
38 Summer Street, Rutland, VT 05701	–	–	–	–	5,663
51 Summer Street, Rutland, VT 05701	–	–	–	–	5,663
37 Summer Street, Rutland, VT 05701	–	–	–	–	8,276
36 Pine Street, Rutland, VT 05701	$27,803	–	–	–	6,534
44 Pine Street, Rutland, VT 05701	–	–	–	–	15,682
35 Summer Street, Rutland, VT 05701	$121,000	–	4	2,752	6,534
46 Pine Street, Rutland, VT 05701	–	–	–	–	7,841

Explore Nearby Homes

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 08/20/2026 09:49 PM

Know your buying power with a preapproval and custom rate in minutes

Explore Nearby Homes

Homes in Nearby Rutland Neighborhoods

Homes in Nearby Rutland Cities

Homes in Nearby Rutland Zip Codes