Last Sold Price
7 beds3 baths3,933 sqft$37/sqft
60 Chestnut Ave, Rutland, VT 05701

Description

4 Family Victorian home with a 5th unit ready to be added on the third floor with a little work, a 3 bedroom unit with over 2000 Square Feet on 3 floors makes this a perfect owner occupy unit, the property has been in the same ownership for over 40 years, many updates have been done over the years, all separate heating systems and hot water, tenants pay their most of the utilities, Property has Great rental history, some of the tenants have been residing there for 15 and 20 years, rents are well...4 Family Victorian home with a 5th unit ready to be added on the third floor with a little work, a 3 bedroom unit with over 2000 Square Feet on 3 floors makes this a perfect owner occupy unit, the property has been in the same ownership for over 40 years, many updates have been done over the years, all separate heating systems and hot water, tenants pay their most of the utilities, Property has Great rental history, some of the tenants have been residing there for 15 and 20 years, rents are well bellow the market value, owner just didn't increase rents, at the current income the Cap Rate is over 8% , with rents at market value the Cap Rate is over 12%.
LISTING CLOSED: 11/10/2020 12:00 AM

  1. Listed by Mike Kalil • Watson Realty & Associates

Sold By Watson Realty & Associates

Property Details for 60 Chestnut Avenue

Status
MLS #
4816732
Days on Market
68
Taxes
$6,339 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family
Year Built
1884
Lot Size
0.14 AC / 6,098 SF
Zoning
Residential

Location

Add your commute

Building Information for 60 Chestnut Avenue

Stories3Residences4Year Built1884Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$1,265 per month

30 year fixed, 6.55% Interest

Principal and Interest

$737

Property Taxes

$528

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 60 Chestnut Avenue

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.612409000000014
  • Longitude: -72.979519457672112
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Street Designation: Avenue
  • Zip: 05701
Taxes and HOA Information
  • SPAN Number: 540-170-12559
  • Tax - Gross Amount: $6,339.32
  • Tax Year: 2019
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot - Sqft: 6098.0
  • Lot Size Acres: 0.14
  • Road Frontage Length: 80.0
  • Square Feet Apx Finished Above Grade: 3933.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 5833.0
  • Square Feet Apx Total Finished: 3933.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 1900.0
  • Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Brick, Fieldstone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1884
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Utilities: Cable - Available, High Speed Intrnt -Avail, Telephone Available
  • Total Electric Meters: 4
Interior and Exterior Features
Exterior Features
  • Roads: Public
  • Roof: Slate
  • Total Ranges: 4
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Heat Fuel: Oil
  • Heating: Baseboard, Forced Air
  • Cooling: None
  • Total Refrigerators: 4
  • Total Stories: 3
  • Total Water Heaters: 4
Multi Family
Income & Expenses Information
  • Gross Income: $28,200.00
  • Net Income: $13,159.00
  • Operating Expense Incl: Insurance, Maintenance, Trash, Water/Sewer
  • Operating Expense: $15,041
Multi-Family Information
  • Total Units: 4
  • Total 1 BR Units: 2
  • Total 2 BR Units: 1
  • Total 3+ BR Units: 1
  • Total Heat Units: 4
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Lease Term: Month to Month
  • Unit 1 Level Number: 2
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Month to Month
  • Unit 1 Rooms: 5
  • Unit 1 Rental Amount: $575.00
  • Unit 1 Tenant Pays: Electric, Heat
Unit 2
  • Unit 2 Lease Term: Month to Month
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 4
  • Unit 2 Status: Month to Month
  • Unit 2 Level Number: 1
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 1
  • Unit 2 Rental Amount: $550.00
  • Unit 2 Tenant Pays: Electric, Heat
Unit 3
  • Unit 3 Lease Term: Month to Month
  • Unit 3 Rooms: 6
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Month to Month
  • Unit 3 Apx Sqft: 2000.0
  • Unit 3 Bedrooms: 3
  • Unit 3 Rental Amount: $750.00
  • Unit 3 Tenant Pays: Electric, Heat
Unit 4
  • Unit 4 Lease Term: Month to Month
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Rooms: 4
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Status: Month to Month
  • Unit 4 Rental Amount: $475.00
  • Unit 4 Tenant Pays: Electric, Heat

Property History for 60 Chestnut Avenue

DateEvent & SourcePriceAppreciation
Nov 10, 2020

Sold (Public Record)

Public Record #683181101

$135,000—
Nov 10, 2020

Sold

New England Real Estate Network #4816732

$145,000—
Sep 21, 2020

Pending

New England Real Estate Network #4816732

—
DateEvent & SourcePrice
11/10/2020

Sold (Public Record)

Public Record #683181101

$135,000
11/10/2020

Sold

New England Real Estate Network #4816732

$145,000
09/21/2020

Pending

New England Real Estate Network #4816732

—

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

Public Records for 60 Chestnut Avenue

Taxable ValueLand$40,600Additions$146,700Total$187,300
Home Facts
Beds0Lot Size6,098 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 12559

Schools near 60 Chestnut Avenue

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)
–
–
–
–
5,663
$187,500
4
2,100
5,662
–
–
–
–
5,663
$89,900
5
2,112
4,356
–
–
–
–
412,949

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 02:20 AM