Active under contract

Listed by: Real Broker LLC

$449,000

43 Summer Street, Rutland City, VT 05701

8beds

8baths

3,896sqft

Est.:

Multi Family

Built in 1860

-- sqft lot

$-- Zestimate^®

$115/sqft

$-- HOA

What's special

Investment Opportunity: 8-Unit Multifamily in Rutland City Don’t miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8

Heating

Oil, Forced Air

Cooling

None

Features

Basement: Partial,Unfinished,Interior Entry

Interior area

Total structure area: 6,529
Total interior livable area: 3,896 sqft
Finished area above ground: 3,896
Finished area below ground: 0

Property

Parking

Parking features: Dirt

Features

Levels: Two

Lot

Size: 4,792 Square Feet
Features: City Lot, Sidewalks, Street Lights

Details

Parcel number: 54017012669
Zoning description: MR1

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Stone
Roof: Shingle

Condition

New construction: No
Year built: 1860

Utilities & green energy

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

Community & HOA

Location

Region: Rutland

Financial & listing details

Price per square foot: $115/sqft
Tax assessed value: $165,700
Date on market: 4/2/2026
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
4/2/2026	Listed for sale	$449,000$115/sqft
Source: PrimeMLS #5081739 Report a problem
9/16/2025	Listing removed	$449,000$115/sqft
Source: PrimeMLS #5017747 Report a problem
7/24/2025	Price change	$449,000-6.3%$115/sqft
Source: PrimeMLS #5017747 Report a problem
10/8/2024	Listed for sale	$479,000$123/sqft
Source: PrimeMLS #5017747 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	--	$165,700
2023	--	$165,700
2022	--	$165,700
2021	--	$165,700
2020	--	$165,700
2019	--	$165,700
2018	--	$165,700
2017	--	$165,700
2016	--	$165,700 +9900%
2015	--	$1,657
2014	--	$1,657
2013	--	$1,657
2012	--	$1,657
2011	--	$1,657
2010	--	$1,657
2009	--	$1,657
2008	--	$1,657
2007	--	$1,657