55 Prospect Street

Closed 11/15/24
Closed 11/15/24
Gallery Image 1
Gallery Image 2
Gallery Image 3
Gallery Image 4
Gallery Image 5
Gallery Image 6
Gallery Image 7
Gallery Image 8
Gallery Image 9
Gallery Image 10
Gallery Image 11
Gallery Image 12
Gallery Image 13
Gallery Image 14
Gallery Image 15
Gallery Image 16
Gallery Image 17
Gallery Image 18
Gallery Image 19
Gallery Image 20
Gallery Image 21
Gallery Image 22
Gallery Image 23
Gallery Image 24
Gallery Image 25
Gallery Image 26
Gallery Image 27
Gallery Image 28
Gallery Image 29
Gallery Image 30
Gallery Image 31
Gallery Image 32
Gallery Image 33
Gallery Image 34
Gallery Image 35
Gallery Image 36
Gallery Image 37
Gallery Image 38
Gallery Image 39
Gallery Image 40
Sold
Last Sold Price
$350,000
9 beds3,591 sqft$97/sqft
55 Prospect St, Rutland, VT 05701
Multi FamilyProperty Type
9,147 sq ftLot Size
1864Year Built
$97/sq ftPrice 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 .

    Sold By Watson Realty & Associates

    • Listed by: Mike Kalil • Watson Realty & Associates
    Listing closed: 11/15/2024 12:00 AM • Source: New England Real Estate Network, MLS#: 5001759
    Get preapproved with Rocket Mortgage1

    Location

    Add your commute

    Payment Calculator

    Get preapproved with Rocket Mortgage1

    $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

    Property Details
    • Taxes: $4,719 / year
    • MLS Type: Multi Family
    • County: Rutland County
    • Parking: Off Street, Parking Spaces 5, Unassigned, Unpaved
    • Zoning: Residential
    Building Information
    • Stories: 2
    • Residences: 4
    • Year Built: 1864
    • Lot Size: 0.21 AC / 9,147 SF
    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
    • 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
    Tax Record2025$2,552 ($213 / month)
    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
    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 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 09/10/2026 09:20 AM