85 Park Ave

Rutland, VT 05701

$379,000
Last Sold Price
8
Beds
5,300 Sq. Ft.
$72 / Sq. Ft.
5,300
Sq. Ft.
$72
per Sq. Ft.
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Closed 10/12/18
Closed 10/12/18

Description

Great Investment with good rental history, one building 10 rents, building up to code with all important improvements, no deferred maintenance,Very Well kept, the monthly rental on all units are from $600 to $750, and there is some room to go up only one unit is an efficiency which rents for $600 the rest are $700 and up all one bedrooms , yearly rents are $84000 , expenses are $25,264, net income $58,836 these numbers does not include any management fees, a real solid investment 15.5% Cap Rate at...Great Investment with good rental history, one building 10 rents, building up to code with all important improvements, no deferred maintenance,Very Well kept, the monthly rental on all units are from $600 to $750, and there is some room to go up only one unit is an efficiency which rents for $600 the rest are $700 and up all one bedrooms , yearly rents are $84000 , expenses are $25,264, net income $58,836 these numbers does not include any management fees, a real solid investment 15.5% Cap Rate at this price.
  1. Listed by Mike Kalil • Coldwell Banker Watson Realty/Rutland

Sold By Coldwell Banker Watson Realty/Rutland

Property Details for 85 Park Avenue

Zoning
Residential
LISTING CLOSED: 10/12/2018 12:00 AM

Property Details for 85 Park Avenue

StatusClosed
MLS #4698570
Days on Market75
Taxes$6,352 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1875
Lot Size0.22 AC / 9,583 SF
CountyRutland County
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Location

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Building Information for 85 Park Avenue

Stories3Residences10Year Built1875Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

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$2,456 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,926

Property Taxes

$529

HOA Dues

$0

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Property Information for 85 Park Avenue

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.614152181680979
  • Longitude: -72.983228813491792
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Street Designation: Avenue
  • Zip: 05701
Taxes and HOA Information
  • Tax Expenses: $6,352.00
  • SPAN Number: 540-170-15458
  • Tax - Gross Amount: $6,352.00
  • Tax Year: 2017
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Concrete
Property
Lot Information
  • Lot - Sqft: 9583.0
  • Lot Size Acres: 0.22
  • Road Frontage Length: 80.0
  • Square Feet Apx Finished Above Grade: 5300.0
  • Square Feet Apx Finished AG Source: Appraiser
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 12100.0
  • Square Feet Apx Total Finished: 5300.0
  • Square Feet Apx Unfinished Above Grade: 5300.0
  • Square Feet Apx Unfinished AG Source: Appraiser
  • Square Feet Apx Unfinished Below Grade: 1500.0
  • Square Feet Apx Unfinished BG Source: Appraiser
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1875
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Total Electric Meters: 11
  • Separate Utilities: No
Interior and Exterior Features
Exterior Features
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt, Slate
  • Total Ranges: 10
Interior Features
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Unfinished
  • Total Full Baths: 10
  • Heat Fuel: Oil
  • Heating: Baseboard
  • Cooling: None
  • Total Refrigerators: 10
  • Total Stories: 3
Multi Family
Income & Expenses Information
  • Gross Income: $84,000.00
  • Expenses - Annual: $2,526.00
  • Expenses - Insurance: $3,204.00
  • Expenses - Heat: $6,420
  • Expense - Utility: $2,721
  • Expenses - Maintenance: $1,800
  • Expenses - Snow: $422
  • Net Income: $58,836.00
  • Expenses - Trash: $1,721.00
  • Expenses - Water: $2,524.00
Multi-Family Information
  • Total Units: 10
  • Total 1 BR Units: 10
  • Total 2 BR Units: 0
  • Total 3+ BR Units: 0
  • Total Heat Units: 1
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Rental Agremnt: Yes
  • Unit 1 Lease Term: Month to Month
  • Unit 1 Level Number: 1
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Rental Amount: $725.00
Unit 2
  • Unit 2 Lease Term: Month to Month
  • Unit 2 Baths: 1
  • Unit 2 Rental Agremnt: Yes
  • Unit 2 Level Number: 1
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 1
  • Unit 2 Rental Amount: $725.00
Unit 3
  • Unit 3 Lease Term: Month to Month
  • Unit 3 Baths: 1
  • Unit 3 Rental Agremnt: Yes
  • Unit 3 Level Number: 1
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Bedrooms: 1
  • Unit 3 Rental Amount: $700.00
Unit 4
  • Unit 4 Rental Agremnt: Yes
  • Unit 4 Lease Term: Month to Month
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Rental Amount: $700.00
Unit 5
  • Unit 5 Rental Agreement: Yes
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Lease Term: Month to Month
  • Unit 5 Rental Amount: $700.00
Unit 6
  • Unit 6 Rental Agreement: Yes
  • Unit 6 Lease Term: Month to Month
  • Unit 6 Baths: 1
  • Unit 6 Bedrooms: 1
  • Unit 6 Rental Amt Freq: Monthly
  • Unit 6 Rental Amount: $700.00
Unit 7
  • Unit 7 Bedrooms: 1
  • Unit 7 Baths: 1
  • Unit 7 Rental Agreement: Yes
  • Unit 7 Lease Term: Month to Month
  • Unit 7 Rental Amt Freq: Monthly
  • Unit 7 Rental Amount: $700.00
Unit 8
  • Unit 8 Baths: 1
  • Unit 8 Rental Amount: $750.00
  • Unit 8 Rental Agreement: Yes
  • Unit 8 Lease Term: Month to Month
  • Unit 8 Rental Amt Freq: Monthly
  • Unit 8 Bedrooms: 1

Property History for 85 Park Avenue

DateEvent & SourcePriceAppreciation
Oct 12, 2018

Sold (Public Record)

Public Record #632295618

$379,000

-0.6% / yr

Oct 12, 2018

Sold

New England Real Estate Network #4698570

$379,000—
Aug 21, 2018

Pending

New England Real Estate Network #4698570

—
DateEvent & SourcePrice
10/12/2018

Sold (Public Record)

Public Record #632295618

$379,000

-0.6% / yr

10/12/2018

Sold

New England Real Estate Network #4698570

$379,000
08/21/2018

Pending

New England Real Estate Network #4698570

—

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

Public Records for 85 Park Avenue

Taxable ValueLand$61,300Additions$140,600Total$201,900
Home Facts
Lot Size9,583 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 15458

Schools near 85 Park 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
89 Park Avenue, Rutland, VT 05701
–
–
–
–
5,663
129 Grove Street, Rutland, VT 05701
$874,049
–
–
–
13,068
86 Park Avenue, Rutland, VT 05701
$49,000
3
1,428
8,276
93 Park Avenue, Rutland, VT 05701
$220,500
5
2,414
16,552
84 Park Avenue, Rutland, VT 05701
$97,000
–
2,592
–

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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 Coldwell Banker Watson Realty/Rutland

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 09:24 AM