87 State Street

Closed 10/22/21

Last Sold Price

$190,000

2 beds2 baths2,986 sqft$64/sqft

87 State St, Rutland, VT 05701

Description

Here is very well maintained multi purpose residential/commercial property. Upstairs there are two updated apartments. Both units have an open concept layout. The front unit has 1 bedroom and the back unit has 1 bedroom with a large walk in closet and a second room that is used as an office. The entire first floor was previously a small restaurant consisting of 50 seats, but is a great location for a business of any kind. The building offers many opportunities, you could purchase it and live above...Here is very well maintained multi purpose residential/commercial property. Upstairs there are two updated apartments. Both units have an open concept layout. The front unit has 1 bedroom and the back unit has 1 bedroom with a large walk in closet and a second room that is used as an office. The entire first floor was previously a small restaurant consisting of 50 seats, but is a great location for a business of any kind. The building offers many opportunities, you could purchase it and live above your business or you could easily change the use of the first floor to an apartment, all that it should need is a shower. There is even enough space to renovate the first floor into 2 apartments if desired.

LISTING CLOSED: 10/22/2021 12:00 AM

Listed by Hughes Group Team • Casella Real Estate

Sold By Watson Realty & Associates

Property Details for 87 State Street

Status

Closed

MLS #

4878441

Days on Market

Taxes

$8,430 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi Family

Year Built

1910

Lot Size

0.21 AC / 9,147 SF

County

Rutland County

Parking

Off Street, On-Site, Parking Spaces 6+

Zoning

unknown

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Location

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Building Information for 87 State Street

Stories2Residences3Year Built1910Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

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$1,668 per month

30 year fixed, 6.55% Interest

Principal and Interest

$966

Property Taxes

$703

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 87 State Street

Summary

Location and General Information

City: Rutland City
County: VT-Rutland

Directions: North side of State Street west of Grove Street. Next to Ted's Pizza and across from Rutland District Courthouse
Latitude: 43.609427231696799
Longitude: -72.981528542327879
Road Frontage: TBD
Seasonal: No
State: VT
Street Designation: Street
Zip: 05701

Taxes and HOA Information

SPAN Number: 540-170-11672
Tax - Gross Amount: $8,430.12

Tax Year: 2021
Taxes TBD: No

Parking

Garage: No
Driveway: Gravel

Property

Lot Information

Lot - Sqft: 9148.0
Lot Size Acres: 0.21

Square Feet Apx Finished Above Grade: 2986.0
Square Feet Apx Finished AG Source: Public Records
Square Feet Apx Finished Below Grade: 0.0
Square Feet Apx Finished BG Source: Other
Square Feet Apx Total: 4186.0
Square Feet Apx Total Finished: 2986.0
Square Feet Apx Unfinished Above Grade: 0.0
Square Feet Apx Unfinished AG Source: Other
Square Feet Apx Unfinished Below Grade: 1200.0
Square Feet Apx Unfinished BG Source: Public Records

Property and Assessments

Property Class: Multi-Family
Construction Status: Existing

Flood Zone: No
Foundation: Brick, Stone
PreConstruction: No
Surveyed: Unknown
Year Built: 1910

Utilities

Electric: 100 Amp, Circuit Breaker(s)
Sewer: Public

Utilities: Telephone Available

Interior and Exterior Features

Exterior Features

Roads: Paved, Public
Roof: Shingle - Asphalt

Interior Features

Basement: Yes
Basement Access Type: Interior

Basement Description: Concrete Floor, Unfinished
Heat Fuel: Oil
Heating: Baseboard, Hot Water
Cooling: Mini Split
Total Stories: 2

Multi Family

Multi-Family Information

Total Units: 3
Total 1 BR Units: 2

Total 2 BR Units: 0
Total 3+ BR Units: 0

Unit Information

Unit 1

Unit 1 Style: Business
Unit 1 Level Number: 1

Unit 2

Unit 2 Style: Residential
Unit 2 Baths: 1

Unit 2 Level Number: 2
Unit 2 Bedrooms: 1

Unit 3

Unit 3 Baths: 1
Unit 3 Level Number: 2

Unit 3 Style: Residential
Unit 3 Bedrooms: 1

Property History for 87 State Street

Date	Event & Source	Price	Appreciation
Oct 22, 2021	Sold New England Real Estate Network #4878441	$190,000	—
Oct 18, 2021	Pending New England Real Estate Network #4878441		—
Aug 30, 2021	Active Under Contract New England Real Estate Network #4878441		—
Aug 19, 2021	Listed (Active) New England Real Estate Network #4878441	$199,900	—
Oct 14, 2020	Sold (Public Record) Public Record #680757014	$111,540	-5.7% / yr
Jul 15, 2009	Sold (Public Record) Public Record #594366903	$215,000	—

Date	Event & Source	Price
10/22/2021	Sold New England Real Estate Network #4878441	$190,000
10/18/2021	Pending New England Real Estate Network #4878441	—
08/30/2021	Active Under Contract New England Real Estate Network #4878441	—
08/19/2021	Listed (Active) New England Real Estate Network #4878441	$199,900
10/14/2020	Sold (Public Record) Public Record #680757014	$111,540 -5.7% / yr
07/15/2009	Sold (Public Record) Public Record #594366903	$215,000

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

Public Records for 87 State Street

Taxable ValueLand$45,900Additions$139,600Total$185,500

Home Facts

Lot Size9,148 SqFtStyleMiscellaneous CommercialCountyRUTLANDAPN(170) 11672

Schools near 87 State Street

This home is within Rutland City School District.


Rating	School	Type	Grades	Distance
4/10	Rutland Intermediate School	Public - Serves this home	3 to 6	0.3 mi
3/10	Rutland Middle School	Public - Serves this home	7 to 8	0.2 mi
8/10	Rutland Senior High School	Public - Serves this home	9 to 12	1.5 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.5 mi
NR	Rutland Northeast Primary School	Public - Choice school	PK to 2	1.1 mi
NR	Rutland Northwest School	Public - Choice school	PK to 2	0.6 mi
NR	Fay Honey Knopp Memorial School	Private - Nearby school	9 to 12	1.0 mi
NR	Sheldon Academy Of Vermont Achievement Center	Private - Nearby school	3 to 12	1.1 mi
NR	Rutland Academy	Private - Nearby school	8 to 12	0.9 mi


Rating	School	Distance
4/10	Rutland Intermediate School Public3 to 6 Serves this home	0.3 mi
3/10	Rutland Middle School Public7 to 8 Serves this home	0.2 mi
8/10	Rutland Senior High School Public9 to 12 Serves this home	1.5 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.5 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	1.1 mi
NR	Rutland Northwest School PublicPK to 2 Choice school	0.6 mi
NR	Fay Honey Knopp Memorial School Private9 to 12 Nearby school	1.0 mi
NR	Sheldon Academy Of Vermont Achievement Center Private3 to 12 Nearby school	1.1 mi
NR	Rutland Academy Private8 to 12 Nearby school	0.9 mi

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

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
89 State Street, Rutland, VT 05701	$46,000	–	–	–	5,227
85 State Street, Rutland, VT 05701	–	–	–	–	1,742
91 State Street, Rutland, VT 05701	$150,000	–	–	–	30,056
93 State Street, Rutland, VT 05701	$50,000	–	–	–	3,049
81 State Street, Rutland, VT 05701	–	–	–	–	6,970
57-59 Grove Street, Rutland, VT 05701	$260,000	–	7	6,260	22,651
59 Grove Street, Rutland, VT 05701	$147,500	–	4	3,066	–
32 Summer Street, Rutland, VT 05701	$30,000	–	–	–	8,712
34 Summer Street, Rutland, VT 05701	$109,500	3	2	1,500	4,356
95 State Street, Rutland, VT 05701	$47,500	–	–	–	5,663
92 State Street, Rutland, VT 05701	–	–	–	–	341,510
63 Grove Street, Rutland, VT 05701	$255,000	–	–	–	12,197
97 State Street, Rutland, VT 05701	–	–	–	–	3,049
9 Merchants Row, Rutland, VT 05701	–	–	–	–	10,454
1 Justice Square, Rutland, VT 05701	–	–	–	–	10,890

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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 Casella Real Estate

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 12:58 PM

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