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Courtesy of Mike Kalil of Watson Realty & Associates: .

55 Prospect Street

Rutland City, VT 05701
  • $350,000
  • STATUS: Closed
  • MLS #: 5001759
Sold - 11/15/2024
$350,000
SOLD - 11/15/2024
  • 9
    BEDS
  • 0.21
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,591
    SQFT
  • $0
    $/SQFT
Type:
Multi-Family
Built:
1864
County:
Area:

School Information

Elementary School:
Middle School:

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 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.

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© Copyright 2026 PrimeMLS. 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 2026-05-12T11:05:56.767.
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55 Prospect Street Rutland City, VT 05701

  • Price: $350,000
  • Status: Closed
  • On Site: Days
  • Updated: 53 min ago
  • MLS #: 5001759
9
Beds
4
Baths
0
½ Baths
0.21
Acres
3,591
SQFT
$0
$/SQFT
1864
Built
County:
Rutland
Area:
Rutland City
Elementary School:
Northwest Primary School
Middle School:
Rutland Middle School
Property 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 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 .
Exterior Features

Architectural Style Conversion Color White Construction Materials Wood FrameAsphalt ExteriorVinyl Exterior Driveway Gravel Has Garage No Lot Features City Lot Parking Off StreetParking Spaces 5UnassignedUnpaved Road Frontage Yes Road Frontage Length 100 Roads Public Roof Shingle - Asphalt

Interior Features

Basement Access Type Walk-up Basement Description FullStairs - ExteriorUnfinished Cooling Wall AC Units Foundation BrickStone Has Basement Yes Heating Hot AirWall Units Total Ranges 4 Total Refrigerators 4 Total Water Heaters 4 Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 1 Unit4 Baths 1

Property Features

Construction Status Existing Electric 100 Amp220 PlugCircuit Breaker(s) Electric Company Green Mountain Power Flood Zone No Foreclosed / Bank Owned / REO No Gross Income 72564 Heat Fuel Gas - LP/BottleOil Pre Construction No Seasonal No Separate Utilities Yes Sewer Public Tax Gross Amount 4718.84 Tax Year 2024 Taxes Tbd No Total Electric Meters 4 Total1 Bed Units 1 Total2 Bed Units 1 Total3 Plus Bed Units 2 Unit1 Rental Amount 1584 Unit2 Rental Amount 1717 Unit3 Rental Amount 1346 Unit4 Rental Amount 1400 Utilities Cable Water Source Public Zoning Residential

Courtesy of Mike Kalil of Watson Realty & Associates: .


© Copyright 2026 PrimeMLS. 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 2026-05-12T11:05:56.767.
 
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