60 Chestnut Avenue

Closed 11/10/20
Closed 11/10/20
Gallery Image 1
Sold
Last Sold Price
$145,000
7 beds3 baths3,933 sqft$37/sqft
60 Chestnut Ave, Rutland, VT 05701
Multi FamilyProperty Type
6,098 sq ftLot Size
1884Year Built
$37/sq ftPrice per sq ft

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%.

    Sold By Watson Realty & Associates

    • Listed by: Mike Kalil • Watson Realty & Associates
    Listing closed: 11/10/2020 12:00 AM • Source: New England Real Estate Network, MLS#: 4816732
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    $1,265 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $737

    Property Taxes

    $528

    HOA Dues

    $0

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    Property Information for 60 Chestnut Avenue

    Property Details
    • Taxes: $6,339 / year
    • MLS Type: Multi Family
    • County: Rutland County
    • Zoning: Residential
    Building Information
    • Stories: 3
    • Residences: 4
    • Year Built: 1884
    • Lot Size: 0.14 AC / 6,098 SF
    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
    • 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
    Tax Record2025$3,610 ($301 / month)
    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
    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.

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    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 04:03 AM