48 Forest Street

Closed 12/31/25

Sold

Last Sold Price

$322,000

8 beds4 baths4,032 sqft$80/sqft

48 Forest St, Rutland, VT 05701

Multi FamilyProperty Type

3,049 sq ftLot Size

1900Year Built

$80/sq ftPrice per sq ft

Description

Well maintained oversized 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 1x3br 2x2br and 1x1br. This cash cow features a net operating income ~$44,000 and is being listed at north of a 12% cap rate based on current numbers. Property has recent certificate of occupancy and is up to date. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex during a falling rate environment,...Well maintained oversized 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 1x3br 2x2br and 1x1br. This cash cow features a net operating income ~$44,000 and is being listed at north of a 12% cap rate based on current numbers. Property has recent certificate of occupancy and is up to date. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex during a falling rate environment, and ahead of the historic multibillion dollar development occurring nearby at Killington, which already resulting in organic property appreciation and increased interest in the area from investors. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex ahead of the historic multibillion dollar development occurring nearby at Killington, is already resulting in organic property appreciation and increased interest in the area from investors. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.

Sold By Cummings & Co

Listed by: Michael Gilman • 3GEN Real Estate Inc

Listing closed: 12/31/2025 12:00 AM • Source: New England Real Estate Network, MLS#: 5027605

Recent comparable sales

Median sold price

$350,000

Avg days on market

Sale-to-list ratio

95.9%

1/23

$304,000

Sold 10/21/24

8
Bedrooms: 4
Bathrooms: 3,054
Square Feet: 0.29
Acres

190 Crescent Street, Rutland, VT 05701

1/41

$350,000

Sold 11/15/24

9
Bedrooms: 4
Bathrooms: 3,591
Square Feet: 0.21
Acres

55 Prospect Street, Rutland, VT 05701

1/23

$330,000

Sold 12/05/24

7
Bedrooms: 4
Bathrooms: 3,220
Square Feet: 0.17
Acres

60 Elm Street, Rutland, VT 05701

1/24

$350,000

Sold 09/30/25

7
Bedrooms: 4
Bathrooms: 3,139
Square Feet: 0.17
Acres

162 State Street, Rutland, VT 05701

1/31

$449,000

Sold 05/29/26

8
Bedrooms: 5
Bathrooms: 4,460
Square Feet: 0.24
Acres

2 Jackson Avenue, Rutland, VT 05701

1/18

$321,000

Sold 02/14/25

7
Bedrooms: 4
Bathrooms: 2,968
Square Feet: 0.22
Acres

16 East Washington Street, Rutland, VT 05701

1/26

$360,000

Sold 05/15/26

8
Bedrooms: 8
Bathrooms: 3,896
Square Feet: 0.11
Acres

43 Summer Street, Rutland, VT 05701

1/33

$385,000

Sold 06/15/26

10
Bedrooms: 4
Bathrooms: 4,230
Square Feet: 0.24
Acres

25-27 Killington Avenue, Rutland, VT 05701

1/32

$330,000

Sold 04/11/25

6
Bedrooms: 4
Bathrooms: 3,192
Square Feet: 0.17
Acres

139 Lincoln Avenue, Rutland, VT 05701

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$2,306 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,664

Property Taxes

$642

HOA Dues

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Property Information for 48 Forest Street

Property Details

Taxes: $7,706 / year
MLS Type: Multi Family
County: Rutland County
Zoning: Res 1

Building Information

Stories: 2
Residences: 4
Year Built: 1900
Lot Size: 0.07 AC / 3,049 SF

Summary

Location and General Information

City: Rutland City
County: VT-Rutland

Latitude: 43.604253000001002
Longitude: -72.983835999999997
Road Frontage: Yes
Seasonal: Unknown
State: VT
Street Designation: Street
Zip Code: 05701

Taxes and HOA Information

SPAN Number: 54017013903
Tax Year: 2025

Taxes TBD: No

Parking

Garage: No
Driveway: Gravel

Property

Lot Information

Lot Features: Corner
Lot Size Acres: 0.07

Road Frontage Length: 100.0
Total Finished Area: 4032.0
Above Grade Finished Area: 4032.0
Above Grade Finished Area Source: Appraiser
Above Grade Unfinished Area: 0.0
Below Grade Finished Area: 0.0
Below Grade Finished Area Source: Appraiser
Below Grade Unfinished Area: 768.0
BelowGradeUnfinishedAreaSource: Appraiser
Lot Size Square Feet: 3049.0
Total Area: 4800.0

Property and Assessments

Property Class: Multi-Family
Flood Zone: No

PreConstruction: No
Surveyed: Unknown
Year Built: 1900

Utilities

Electric: Circuit Breaker(s)
Sewer: Public

Water Source: Public
Utilities: Cable
Internet: Cable Internet

Interior and Exterior Features

Exterior Features

Construction Materials: Vinyl Exterior
Roof: Asphalt Shingle

Interior Features

Basement: Yes
Basement Access Type: Walkout

Basement Description: Unfinished
Heating: Oil
Cooling: None
Total Stories: 2

Multi Family

Income & Expenses Information

Gross Income: $62,520.00
Net Income: $44,008.00

Operating Expense Incl: Heat, Insurance, Snow Removal, Trash, Utilities, Water/Sewer
Operating Expense: $18,512

Multi-Family Information

Total Units: 4
Total 1 BR Units: 1

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

Unit Information

Unit 1

Unit 1 Baths: 1
Unit 1 Bedrooms: 3

Unit 1 Rental Amt Freq: Monthly
Unit 1 Status: Leased
Unit 1 Rental Amount: $1,550.00

Unit 2

Unit 2 Baths: 1
Unit 2 Status: Leased

Unit 2 Rental Amt Freq: Monthly
Unit 2 Bedrooms: 2
Unit 2 Rental Amount: $1,350.00

Unit 3

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

Unit 3 Status: Leased
Unit 3 Bedrooms: 2
Unit 3 Rental Amount: $1,350.00

Unit 4

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

Unit 4 Bedrooms: 1
Unit 4 Rental Amount: $925.00

Property History for 48 Forest Street

Date	Event & Source	Price	Appreciation
Dec 31, 2025	Sold New England Real Estate Network #5027605	$322,000	—
Dec 30, 2025	Sold (Public Record) Public Record #1924508211	$322,000	+11.2% / yr
Oct 18, 2025	Pending New England Real Estate Network #5027605		—
Jul 22, 2025	Expired New England Real Estate Network #5027605		—
Apr 3, 2025	Withdrawn New England Real Estate Network #5027605		—
Feb 21, 2025	Pending New England Real Estate Network #5027605		—
Jan 24, 2025	Listed (Active) New England Real Estate Network #5027605	$325,000	—
Mar 29, 2023	Sold (Public Record) Public Record #1508573518	$240,000	+15.8% / yr
Mar 29, 2023	Sold New England Real Estate Network #4941396	$240,000	—
Jan 23, 2023	Pending New England Real Estate Network #4941396		—
Jan 22, 2023	Listed (Active) New England Real Estate Network #4941396	$250,000	—
Jul 9, 2018	Sold (Public Record) Public Record #626349272	$120,000	—
Jul 9, 2018	Sold New England Real Estate Network #4663875	$120,000	—
Apr 6, 2018	Pending New England Real Estate Network #4663875		—
Oct 13, 2017	Listed (Active) New England Real Estate Network #4663875	$130,000	—

Date	Event & Source	Price
12/31/2025	Sold New England Real Estate Network #5027605	$322,000
12/30/2025	Sold (Public Record) Public Record #1924508211	$322,000 +11.2% / yr
10/18/2025	Pending New England Real Estate Network #5027605	—
07/22/2025	Expired New England Real Estate Network #5027605	—
04/03/2025	Withdrawn New England Real Estate Network #5027605	—
02/21/2025	Pending New England Real Estate Network #5027605	—
01/24/2025	Listed (Active) New England Real Estate Network #5027605	$325,000
03/29/2023	Sold (Public Record) Public Record #1508573518	$240,000 +15.8% / yr
03/29/2023	Sold New England Real Estate Network #4941396	$240,000
01/23/2023	Pending New England Real Estate Network #4941396	—
01/22/2023	Listed (Active) New England Real Estate Network #4941396	$250,000
07/09/2018	Sold (Public Record) Public Record #626349272	$120,000
07/09/2018	Sold New England Real Estate Network #4663875	$120,000
04/06/2018	Pending New England Real Estate Network #4663875	—
10/13/2017	Listed (Active) New England Real Estate Network #4663875	$130,000

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

Public Records for 48 Forest Street

Taxable ValueLand$56,400Additions$142,500Total$198,900

Tax Record2025$3,833 ($319 / month)

Home Facts

Beds0Lot Size3,049 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 13903

Schools near 48 Forest 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	0.6 mi
3/10	Rutland Middle School	Public - Serves this home	7 to 8	0.6 mi
8/10	Rutland Senior High School	Public - Serves this home	9 to 12	1.7 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.8 mi
NR	Rutland Northeast Primary School	Public - Choice school	PK to 2	1.4 mi
NR	Rutland Northwest School	Public - Choice school	PK to 2	0.7 mi
NR	Fay Honey Knopp Memorial School	Private - Nearby school	9 to 12	0.7 mi
NR	Rutland Area Christian School	Private - Nearby school	PK to 12	0.9 mi
NR	Easter Seals Of Vermont	Private - Nearby school	10 to 11	0.2 mi


Rating	School	Distance
4/10	Rutland Intermediate School Public3 to 6 Serves this home	0.6 mi
3/10	Rutland Middle School Public7 to 8 Serves this home	0.6 mi
8/10	Rutland Senior High School Public9 to 12 Serves this home	1.7 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.8 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	1.4 mi
NR	Rutland Northwest School PublicPK to 2 Choice school	0.7 mi
NR	Fay Honey Knopp Memorial School Private9 to 12 Nearby school	0.7 mi
NR	Rutland Area Christian School PrivatePK to 12 Nearby school	0.9 mi
NR	Easter Seals Of Vermont Private10 to 11 Nearby school	0.2 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: 48 Forest Street, Rutland, VT 05701	$322,000	8	4	4,032	3,049
50 Cherry Street, Rutland, VT 05701	$40,000	4	4	2,990	12,196
44 Forest Street, Rutland, VT 05701	$23,000	–	–	–	5,227
54 Cherry Street, Rutland, VT 05701	$190,000	–	–	–	10,454
49 Forest Street, Rutland, VT 05701	$80,000	–	–	–	6,534
40 Forest Street, Rutland, VT 05701	$77,000	4	3	1,140	9,147
53 Forest Street, Rutland, VT 05701	$30,000	–	–	–	8,712
41 Forest Street, Rutland, VT 05701	$165,000	–	–	–	16,553
55 Forest Street, Rutland, VT 05701	$137,500	2	2	1,676	3,049
58 Cherry Street, Rutland, VT 05701	$170,000	3	2	1,006	6,098
56 Union Street, Rutland, VT 05701	$35,667	3	3	2,803	3,920
38 Forest Street, Rutland, VT 05701	$12,000	3	2	1,400	3,049
39 Forest Street, Rutland, VT 05701	$180,000	3	1	1,015	10,454
58 Forest Street, Rutland, VT 05701	$18,500	3	2	1,374	3,920
49 Chaffee Avenue, Rutland, VT 05701	–	–	–	–	2,178
57 Forest Street, Rutland, VT 05701	$137,500	6	2	1,680	3,049

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Listing Courtesy of 3GEN Real Estate Inc

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 09/11/2026 04:41 PM

Rutland, VT

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