Investor Opportunity in Rutland City! 166 State Street is a 5-unit multifamily property with a strong rental history and solid numbers. With a gross annual income of $54,000 and expenses currently at $24,552, this property nets $29,448 annually—offering a 10.55% cap rate at the asking price. Rents are currently below market, presenting immediate potential for increased returns. Expenses could also be streamlined for even better performance. Whether you're looking to expand your portfolio or dive into multi-unit investing, this one is well worth a look. Motivated seller—bring your offers and let’s make a deal!
Closed
Listed by:
Betsy Adamovich,
Real Broker LLC 855-450-0442
Bought with: Watson Realty & Associates
$285,000
166 State Street, Rutland City, VT 05701
5beds
5baths
2,700sqft
Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$106/sqft
$2,068 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,068/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 13, 2025 at 07:43am
Listed by:
Betsy Adamovich,
Real Broker LLC 855-450-0442
Bought with:
Mike Kalil
Watson Realty & Associates
Source: PrimeMLS,MLS#: 5036190
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Baseboard
Cooling
- None
Features
- Basement: Partially Finished,Interior Entry
Interior area
- Total structure area: 3,200
- Total interior livable area: 2,700 sqft
- Finished area above ground: 2,100
- Finished area below ground: 600
Property
Parking
- Parking features: Gravel
Features
- Levels: Two
Lot
- Size: 9,148 sqft
- Features: City Lot, Sidewalks, In Town, Near Shopping, Near Skiing, Near Public Transit, Near Hospital, Near School(s)
Details
- Parcel number: 54017012666
- Zoning description: industrial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame
- Foundation: Stone
- Roof: Slate
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Phone Available
Community & neighborhood
Location
- Region: Rutland
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2025 | Sold | $285,000+2.2%$106/sqft |
Source:  PrimeMLS #5036190 | ||
| 4/14/2025 | Listed for sale | $279,000-6.8%$103/sqft |
Source: PrimeMLS #5036190 | ||
| 11/7/2024 | Listing removed | $299,500-7.8%$111/sqft |
Source: PrimeMLS #5006121 | ||
| 8/23/2024 | Price change | $325,000-7.1%$120/sqft |
Source: PrimeMLS #5006121 | ||
| 7/22/2024 | Listed for sale | $350,000-12.5%$130/sqft |
Source: PrimeMLS #5006121 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $139,700 |
| 2023 | -- | $139,700 |
| 2022 | -- | $139,700 |
Find assessor info on the county website
Neighborhood: Rutland City
Nearby schools
GreatSchools rating
- NARutland Northwest SchoolGrades: PK-2Distance: 0.3 mi
- 3/10Rutland Middle SchoolGrades: 7-8Distance: 0.5 mi
- 8/10Rutland Senior High SchoolGrades: 9-12Distance: 1.9 mi
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