55 Forest Street

Closed 8/27/24
Closed 8/27/24
Gallery Image 1
Gallery Image 2
Gallery Image 3
Sold
Last Sold Price
$137,500
2 beds1,676 sqft$82/sqft
55 Forest St, Rutland, VT 05701
Multi FamilyProperty Type
3,049 sq ftLot Size
1900Year Built
$82/sq ftPrice per sq ft

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.

    Sold By Casella Real Estate

    • Listed by: Hughes Group Team • Casella Real Estate
    Listing closed: 08/27/2024 12:00 AM • Source: New England Real Estate Network, MLS#: 5011287
    Get preapproved with Rocket Mortgage1

    Location

    Add your commute

    Payment Calculator

    Get preapproved with Rocket Mortgage1

    $1,127 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $711

    Property Taxes

    $416

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.

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

    Rocket Mortgage1

    Property Information for 55 Forest Street

    Property Details
    Building Information
    • Stories: 2
    • Residences: 2
    • Year Built: 1900
    • Lot Size: 0.07 AC / 3,049 SF
    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
    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

    DateEvent & SourcePriceAppreciation
    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

    		—
    DateEvent & SourcePrice
    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

    —

    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
    Rutland Intermediate School
    		Public - 3 to 6
    Rutland Middle School
    		Public - 7 to 8
    Rutland Senior High School
    		Public - 9 to 12
    Stafford Technical Center
    		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.

    Similar Homes

    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 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 09/10/2026 08:02 PM