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  • Listed by: 

    Mark E Triller,

    Real Broker LLC 855-450-0442

    Bought with: Real Broker LLC
    $264,000

    40 Cottage Street, Rutland City, VT 05701

    6beds
    4,480sqft
    Multi Family
    Built in 1909
    -- sqft lot
    $334,100 Zestimate®
    $59/sqft
    $2,230 Estimated rent

    Home value

    $334,100

    $287,000 - $384,000

    $2,230/mo

    Zestimate® history
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    $1,525/mo

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    What's special

    Exceptional Investment Opportunity: A Renovated Multi-Family Property with Owner-Occupancy Potential. Seize this outstanding opportunity to acquire a well maintained multi-family property, free from "deferred maintenance" and poised for immediate returns. Fully updated within the last 14 years, including vinyl siding and windows, shingle roof (2014), Buderus boiler (2017), and new oil tank (2020), ensuring long-term durability and reduced upkeep costs. Solid Rental History demonstrating consistent occupancy with below-market rents, presenting an opportunity for increased revenue. Conveniently situated near downtown, offering tenants easy access to public transportation, schools, area recreations, shopping, and entertainment. One unit is currently vacant, providing an excellent opportunity for an owner-occupant. Its prime location and comprehensive updates make it a turnkey solution for investors seeking a low-maintenance addition to their portfolio. The below-market rents present an opportunity to enhance cash flow through strategic adjustments. A minimum of 48 hours' notice is required for showings. Don't miss out on this must-see investment property that combines recent updates with significant income potential. Delayed Showings. Showings begin Monday April 14th.

    Zillow last checked: 8 hours ago

    Listing updated: May 31, 2025 at 03:13am

    Listed by:

    Mark E Triller,

    Real Broker LLC 855-450-0442

    Bought with:

    Peggy Steves

    Real Broker LLC

    Source: PrimeMLS,MLS#: 5035840MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Hot Water
    Cooling
    • None
    Features
    • Basement: Bulkhead,Unfinished,Walk-Up Access
    Interior area
    • Total structure area: 5,820
    • Total interior livable area: 4,480 sqft
    • Finished area above ground: 4,480
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel
    Features
    • Levels: Two
    Lot
    • Size: 6,534 sqft
    • Features: City Lot, Corner Lot, Near Shopping, Near Public Transit, Near Railroad
    Details
    • Parcel number: 54017012689
    • Zoning description: RESD1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Stone
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1909

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Phone Available

    Community & neighborhood

    Location
    • Region: Rutland

    Price history

    DateEventPrice
    5/30/2025Sold$264,000-1.9%$59/sqft
    Source: PrimeMLS #5035840
    4/11/2025Listed for sale$269,000+258.7%$60/sqft
    Source: PrimeMLS #5035840
    12/8/2011Sold$75,000-51.5%$17/sqft
    Source: Public Record
    5/3/2005Sold$154,500$34/sqft
    Source: Public Record

    Public tax history

    YearProperty taxesTax assessment
    2024-- $135,600
    2023-- $135,600
    2022-- $135,600

    Find assessor info on the county website

    Neighborhood: Rutland City

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Northwest Primary School
    • Middle: Rutland Intermediate School
    • High: Rutland Senior High School
    • District: Rutland City School District

    Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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