55 Forest Street

Closed 8/27/24

Last Sold Price

$137,500

2 beds2 baths1,676 sqft$82/sqft

55 Forest St, Rutland, VT 05701

Description

Don't miss this chance to acquire a high-yield property in Rutland City. Whether you're a seasoned investor or looking to start your real estate portfolio, these buildings offer an excellent opportunity for stable and profitable returns. One building consists of two 3-bedroom 1-bathroom units and the other of two 1 bedroom 1-bathroom units. Heat and electricity are separately metered, minimizing owner expenses as tenants are responsible for their own utilities. The two buildings have a shared driveway...Don't miss this chance to acquire a high-yield property in Rutland City. Whether you're a seasoned investor or looking to start your real estate portfolio, these buildings offer an excellent opportunity for stable and profitable returns. One building consists of two 3-bedroom 1-bathroom units and the other of two 1 bedroom 1-bathroom units. Heat and electricity are separately metered, minimizing owner expenses as tenants are responsible for their own utilities. The two buildings have a shared driveway as well as off-street parking that is exempt from Rutland City's winter parking ban, providing convenience for tenants year-round. This property has the potential for a 13% cap rate, gross income is based on projected market rates, 2 units are currently vacant leaving a buyer the ability to fill the vacancies with tenants of their choice. Call for a breakdown of the financials and to schedule a showing of this great investment opportunity.

LISTING CLOSED: 08/27/2024 12:00 AM

Listed by Hughes Group Team • Casella Real Estate

Sold By Casella Real Estate

Property Details for 55 Forest Street

Status

Closed

MLS #

5011287

Days on Market

Taxes

$4,993 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi Family

Year Built

1900

Lot Size

0.07 AC / 3,049 SF

County

Rutland County

Zoning

Unknown

Recent comparable sales

Median sold price

$140,000

Avg days on market

Sale-to-list ratio

80.5%

1/20

$127,500

Sold 03/06/25

2
Bedrooms: 2
Bathrooms: 1,728
Square Feet: 0.15
Acres

130 River Street, Rutland, VT 05701

1/24

$125,000

Sold 02/09/26

2
Bedrooms: 2
Bathrooms: 1,853
Square Feet: 0.23
Acres

9 Seabury Street, Rutland, VT 05701

1/26

$92,000

Sold 02/06/26

2
Bedrooms: 2
Bathrooms: 1,981
Square Feet: 0.15
Acres

134 Maple Street, Rutland, VT 05701

1/11

$190,000

Sold 06/08/26

3
Bedrooms: 2
Bathrooms: 1,519
Square Feet: 0.12
Acres

10 Sheldon Place, Rutland, VT 05701

1/8

$62,500

Sold 10/21/24

2
Bedrooms: 2
Bathrooms: 1,235
Square Feet: 0.42
Acres

27 Meadow Street, Unit 27, Rutland, VT 05701

1/22

$223,000

Sold 02/13/25

3
Bedrooms: 2
Bathrooms: 1,559
Square Feet: 0.25
Acres

243 Columbian Avenue, Rutland, VT 05701

1/28

$285,000

Sold 09/19/25

3
Bedrooms: 2
Bathrooms: 1,774
Square Feet: 0.18
Acres

14 Madison Street, Rutland, VT 05701

1/21

$140,000

Sold 12/18/24

4
Bedrooms: 2
Bathrooms: 1,600
Square Feet: 0.65
Acres

99 Park Street, Rutland, VT 05701

1/2

$135,000

Sold 07/28/26

3
Bedrooms: 2
Bathrooms: 3,314
Square Feet: 0.27
Acres

133 Grove Street, Rutland, VT 05701

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Location

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Building Information for 55 Forest Street

Stories2Residences2Year Built1900Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

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$1,115 per month

30 year fixed, 6.55% Interest

Principal and Interest

$699

Property Taxes

$416

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 55 Forest Street

Summary

Location and General Information

City: Rutland City
County: VT-Rutland

Latitude: 43.603872307067853
Longitude: -72.984293728836064
Road Frontage: TBD
Seasonal: No
State: VT
Street Designation: Street
Zip Code: 05701

Taxes and HOA Information

SPAN Number: 540-170-17888
Tax - Gross Amount: $4,993.24

Tax Year: 2024
Taxes TBD: No

Parking

Garage: No
Driveway: Gravel

Virtual Tour

Property Panorama Virtual Tour: https://tour.neren.com/55-Forest-Street-Rutland-City-VT-05701/unbranded

Property

Lot Information

Lot - Sqft: 3049.0
Lot Features: City Lot

Lot Size Acres: 0.07
Square Feet Apx Finished Above Grade: 1676.0
Square Feet Apx Finished AG Source: Public Records
Square Feet Apx Finished Below Grade: 0.0
Square Feet Apx Finished BG Source: Plans
Square Feet Apx Total: 2514.0
Square Feet Apx Total Finished: 1676.0
Square Feet Apx Unfinished Above Grade: 0.0
Square Feet Apx Unfinished AG Source: Public Records
Square Feet Apx Unfinished Below Grade: 838.0
Square Feet Apx Unfinished BG Source: Public Records

Property and Assessments

Property Class: Multi-Family
Flood Zone: Unknown

Foundation: Stone
PreConstruction: No
Surveyed: Unknown
Year Built: 1900

Utilities

Electric: Circuit Breaker(s)
Sewer: Public

Water Source: Public
Utilities: Other
Internet: High Speed Intrnt -Avail

Interior and Exterior Features

Exterior Features

Construction Materials: Wood Frame
Features - Exterior: Porch

Roads: Paved, Public
Roof: Metal, Slate
Total Ranges: 2

Interior Features

Basement: Yes
Basement Access Type: Interior

Basement Description: Unfinished
Total Full Baths: 2
Flooring: Carpet, Laminate, Vinyl, Wood
Heat Fuel: Gas - LP/Bottle, Oil
Heating: Baseboard, Forced Air, Hot Water, Wall Units
Cooling: None
Total Refrigerators: 2
Total Stories: 2

Multi Family

Income & Expenses Information

Operating Expense Incl: Insurance, Other, Trash, Water/Sewer
Operating Expense: $10,031

Multi-Family Information

Total Units: 2
Total 1 BR Units: 2

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

Unit Information

Unit 1

Unit 1 Baths: 1
Unit 1 Bedrooms: 1

Unit 1 Level Number: 1
Unit 1 Status: Vacant
Unit 1 Rooms: 4

Unit 2

Unit 2 Lease Term: Short Term
Unit 2 Baths: 1

Unit 2 Rooms: 4
Unit 2 Status: Leased
Unit 2 Level Number: 2
Unit 2 Rental Amt Freq: Monthly
Unit 2 Bedrooms: 1

Property History for 55 Forest Street

Date	Event & Source	Price	Appreciation
Aug 27, 2024	Sold (Public Record) Public Record #1540000388	$137,500	—
Aug 27, 2024	Sold New England Real Estate Network #5011287	$137,500	—
Aug 26, 2024	Active Under Contract New England Real Estate Network #5011287		—
Aug 26, 2024	Listed (Active) New England Real Estate Network #5011287	$137,500	—
Sep 4, 2012	Sold New England Real Estate Network #4143643	$50,000	—
Mar 27, 2012	Price Change New England Real Estate Network #4143643	$65,000	—
Mar 27, 2012	Listed (Active) New England Real Estate Network #4143643	$59,900	—
Jun 4, 2008	Listed (Active) New England Real Estate Network #3055887	$114,900	—
May 10, 2007	Listed (Active) New England Real Estate Network #3040190	$110,000	—
Apr 28, 2003	Listed (Active) New England Real Estate Network #3085003	$55,900	—
Dec 20, 2002	Listed (Active) New England Real Estate Network #3081825	$59,900	—

Date	Event & Source	Price
08/27/2024	Sold (Public Record) Public Record #1540000388	$137,500
08/27/2024	Sold New England Real Estate Network #5011287	$137,500
08/26/2024	Active Under Contract New England Real Estate Network #5011287	—
08/26/2024	Listed (Active) New England Real Estate Network #5011287	$137,500
09/04/2012	Sold New England Real Estate Network #4143643	$50,000
03/27/2012	Price Change New England Real Estate Network #4143643	$65,000
03/27/2012	Listed (Active) New England Real Estate Network #4143643	$59,900
06/04/2008	Listed (Active) New England Real Estate Network #3055887	$114,900
05/10/2007	Listed (Active) New England Real Estate Network #3040190	$110,000
04/28/2003	Listed (Active) New England Real Estate Network #3085003	$55,900
12/20/2002	Listed (Active) New England Real Estate Network #3081825	$59,900

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

Public Records for 55 Forest Street

Taxable ValueLand$28,200Additions$44,700Total$72,900

Tax Record2025$1,405 ($117 / month)

Home Facts

Beds0Lot Size3,049 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 17888

Schools near 55 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	0.7 mi
3/10	Rutland Middle School	Public - Serves this home	7 to 8	0.7 mi
8/10	Rutland Senior High School	Public - Serves this home	9 to 12	1.8 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	1.5 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	1.0 mi
NR	Easter Seals Of Vermont	Private - Nearby school	10 to 11	0.3 mi


Rating	School	Distance
4/10	Rutland Intermediate School Public3 to 6 Serves this home	0.7 mi
3/10	Rutland Middle School Public7 to 8 Serves this home	0.7 mi
8/10	Rutland Senior High School Public9 to 12 Serves this home	1.8 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.8 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	1.5 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	1.0 mi
NR	Easter Seals Of Vermont Private10 to 11 Nearby school	0.3 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: 55 Forest Street, Rutland, VT 05701	$137,500	2	2	1,676	3,049
53 Forest Street, Rutland, VT 05701	$30,000	–	–	–	8,712
57 Forest Street, Rutland, VT 05701	$137,500	6	2	1,680	3,049
61 Forest Street, Rutland, VT 05701	$68,000	2	2	1,743	4,356
49 Forest Street, Rutland, VT 05701	$80,000	–	–	–	6,534
49 Chaffee Avenue, Rutland, VT 05701	–	–	–	–	2,178
58 Forest Street, Rutland, VT 05701	$18,500	3	2	1,374	3,920
63 Forest Street, Rutland, VT 05701	$33,947	–	–	–	6,534
60 Forest Street, Rutland, VT 05701	$55,000	2	1	1,344	3,484
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
54 Cherry Street, Rutland, VT 05701	$190,000	–	–	–	10,454
50 Chaffee Avenue, Rutland, VT 05701	$18,000	3	1	772	7,840
127 Convent Avenue, Rutland, VT 05701	–	–	–	–	67,518
58 Cherry Street, Rutland, VT 05701	$170,000	3	2	1,006	6,098
41 Forest Street, Rutland, VT 05701	$165,000	–	–	–	16,553

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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 08/21/2026 09:58 AM

Rutland, VT

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