55 Prospect St

3,591 Sq. Ft.
$97 / Sq. Ft.
3,591
Sq. Ft.
$97
per Sq. Ft.

Description

Great opportunity for owner occupant and collect rents as an income, when all rented your gross yearly income is over $72K and net over $45K a year , Cap Rate at the full price is over 13% . Great location walking distance to shopping and restaurants, this property is great for traveling nurses, or ski resort workers, another potential is use some units as Air B & B property has been maintained well no deferred maintenance, many recent update. including unit renovations, even though the owner is...Great opportunity for owner occupant and collect rents as an income, when all rented your gross yearly income is over $72K and net over $45K a year , Cap Rate at the full price is over 13% . Great location walking distance to shopping and restaurants, this property is great for traveling nurses, or ski resort workers, another potential is use some units as Air B & B property has been maintained well no deferred maintenance, many recent update. including unit renovations, even though the owner is paying oil expense for the heat, it does have Separate utilities if you choose to go that route and have tenants pay for their own heat, great rental history for that location .
  1. Listed by Mike Kalil • Watson Realty & Associates

Sold By Watson Realty & Associates

Property Details for 55 Prospect Street

Parking
Off Street, Parking Spaces 5, Unassigned, Unpaved
Zoning
Residential
LISTING CLOSED: 11/15/2024 12:00 AM

Property Details for 55 Prospect Street

StatusClosed
MLS #5001759
Days on Market96
Taxes$4,719 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1864
Lot Size0.21 AC / 9,147 SF
CountyRutland County
Add your commute

Building Information for 55 Prospect Street

Stories2Residences4Year Built1864Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

$2,172 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,779

Property Taxes

$393

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 Prospect Street

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.603889461964208
  • Longitude: -72.975728355819726
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 54017011223
  • Tax Year: 2024
  • Taxes TBD: No
School Information
  • School - Elementary: Northwest Primary School
  • School - Middle/Jr: Rutland Middle School
Parking
  • Garage: No
  • Garage Capacity: .00
  • Driveway: Gravel
Property
Lot Information
  • Lot: 0.21
  • Lot - Sqft: 9148.0
  • Lot Features: City Lot
  • Lot Size Acres: 0.21
  • Road Frontage Length: 100.0
  • Square Feet Apx Finished Above Grade: 3591.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 4391.0
  • Square Feet Apx Total Finished: 3591.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 800.0
  • Square Feet Apx Unfinished BG Source: Estimated
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Brick, Stone
  • PreConstruction: No
  • Surveyed: No
  • Year Built: 1864
Utilities
  • Electric Company: Green Mountain Power
  • Electric: 100 Amp, 220 Plug, Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable
  • Total Electric Meters: 4
  • Separate Utilities: Yes
  • Internet: DSL – Available, High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
  • Color: White
  • Construction Materials: Wood Frame, Asphalt Exterior, Vinyl Exterior
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Total Ranges: 4
Interior Features
  • Appliances: Water Heater – Oil, Water Heater–Gas–LP/Bttle
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Full, Stairs - Exterior, Unfinished
  • Total Full Baths: 4
  • Heat Fuel: Gas - LP/Bottle, Oil
  • Heating: Hot Air, Wall Units
  • Cooling: Wall AC Units
  • Total Refrigerators: 4
  • Total Stories: 2
  • Total Water Heaters: 4
Multi Family
Income & Expenses Information
  • Gross Income: $72,564.00
  • Net Income: $46,627.00
  • Operating Expense Incl: Heat, Insurance, Maintenance, Other, Snow Removal, Trash, Water/Sewer
  • Operating Expense: $25,937
Multi-Family Information
  • Total Units: 4
  • Total 1 BR Units: 1
  • Total 2 BR Units: 1
  • Total 3+ BR Units: 2
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Level Number: 1
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Month to Month
  • Unit 1 Rental Amount: $1,584.00
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Status: Vacant
  • Unit 2 Level Number: 2
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 3
  • Unit 2 Rental Amount: $1,717.00
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Level Number: 2
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Vacant
  • Unit 3 Bedrooms: 2
  • Unit 3 Rental Amount: $1,346.00
Unit 4
  • Unit 4 Lease Term: Month to Month
  • Unit 4 Level Number: 1
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Status: Month to Month
  • Unit 4 Rental Amount: $1,400.00

Property History for 55 Prospect Street

DateEvent & SourcePriceAppreciation
Nov 15, 2024

Sold (Public Record)

Public Record #1545221111

$350,000

+7.5% / yr

Nov 15, 2024

Sold

New England Real Estate Network #5001759

$350,000—
Sep 24, 2024

Pending

New England Real Estate Network #5001759

—
DateEvent & SourcePrice
11/15/2024

Sold (Public Record)

Public Record #1545221111

$350,000

+7.5% / yr

11/15/2024

Sold

New England Real Estate Network #5001759

$350,000
09/24/2024

Pending

New England Real Estate Network #5001759

—

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

Public Records for 55 Prospect Street

Taxable ValueLand$35,700Additions$96,700Total$132,400
Home Facts
Beds0Lot Size9,148 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 11223

Schools near 55 Prospect Street

This home is within Rutland City School District.
Rating
School
Type
Grades
Distance
Public - 3 to 6
Public - 7 to 8
Public - 9 to 12
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

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
$84,500
3
1,300
6,098
$67,000
–
2,995
6,098
$49,900
–
–
–
10,890
$105,000
3
1,344
2,613
$217,000
4
2,900
7,405

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 Watson Realty & Associates

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 07/31/2026 05:45 PM