Listing Details

Rutland City, VT 05701 40 South Main Street

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Presented By: Nancy Greenwood with Watson Realty & Associates;
  • PrimeMLS - 85 - NH
  • MLS# 5097369
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Disclaimer: The information contained in this listing has not been verified by Halliday Real Estate and should be verified by the buyer.
  • Beds • 5
  • Baths • 4
  • SQFT • 3,800
  • Garage • 2

Home Details

Investors, take note: here's a four unit multi-family property that pairs steady rental income with a prime uptown Rutland location—a combination savvy buyers rarely stumble upon. Built for performance, this well-maintained solid building features separate utilities across its units, meaning tenants cover their own usage and you sidestep the headache of dividing bills every month. The first floor spacious apartment also has use of the two car attached garage, three bedrooms and one level living. The second floor consist of (2) one bedroom units and a studio apartment with a private balcony. The fourth unit offers an abundance of natural light with built-in bookcases, a skylight and it's own access to a private garden at the back of the building. This layout accommodates multiple households comfortably, keeping occupancy strong and vacancies short. Whether you're an experienced landlord expanding your portfolio or a first-time investor dipping a toe into rental ownership, this property checks the practical boxes. The care that previous owners and the current owner has poured into upkeep shows, sparing you the surprise expenses that often plague older buildings. Simply put, it's ready to generate returns from the moment you collect the keys with a great rental history. Some newer heat pumps have been added for energy efficient heating. Location only sweetens the proposition. Tenants enjoy close proximity to Main Street Park, a pleasant green pocket perfect for lunch breaks and weekend lounging. Daily errands stay effortless with Shopping Plaza Road just minutes away, while Marble Valley Regional Transit puts car-free commuting within easy reach—a genuine selling point that keeps renters interested and leases signed. The bus also transports to Killington Ski area!
Presented By: Nancy Greenwood with Watson Realty & Associates;

Interior Features for 40 South Main Street

Bedrooms

Unit 1 Bedrooms3
Unit 2 Bedrooms1
Unit 4 Bedrooms1

Bathrooms

Total Full Baths4

Other Interior Features

Unit 1 Lease TermMonth to Month
Unit 2 Lease TermMonth to Month
Unit 3 Lease TermMonth to Month
Unit 4 Lease TermMonth to Month
Total Ranges4
Total Refrigerators4
Unit 1 InfoAppliances Included, Dishwasher, Hot Water, Laundry Hookup
Unit 2 InfoAppliances Included, Hot Water, Electric Range, Refrigerator
Unit 3 InfoAir Conditioner, Appliances Included, Deck, Hot Water
Unit 4 InfoAir Conditioner, Appliances Included, Hot Water, Microwave
InternetHigh Speed Intrnt Avail
Total Finished Area3800
Total Water Heaters2
Total 3+ BR Units1
Total 2 BR Units
Total 1 BR Units2
Basement Access TypeWalk-up
BasementYes
Basement DescriptionConcrete, Interior Stairs, Unfinished, Interior Access
Total Number of Units4

Other Rooms

Unit 4 Rooms3
Unit 2 Rooms3
Unit 1 Rooms6
Unit 3 Rooms1

General for 40 South Main Street

CityRutland City
Construction MaterialsWood Frame, Vinyl Siding
Construction StatusExisting
CoolingMini Split
CovenantsUnknown
DOM26
DirectionsNorth Main Street. Property is located between Spellman Terrace and E Washington St.
ElectricCircuit Breaker(s)
Elementary SchoolRutland Northeast Primary Sch
Flood ZoneNo
GarageYes
HeatingOil, Baseboard, Electric, Heat Pump
High SchoolRutland Senior High School
Last Updated07/16/2026 18:07:06
Middle SchoolRutland Middle School
Price Per Sq Ft Total AG131.32
Property ClassMulti-Family
Road FrontageYes
RoofSlate
School DistrictRutland City School District
SeasonalNo
SewerPublic
Status Detail0
Stories Count2
StyleColonial
Tax Year2026
Unit 1 Level Number1st Floor
Unit 2 Level Number2nd Floor
Unit 3 Level Number2nd Floor
Unit 4 Level Number2nd Floor
UtilitiesCable Available
Year Built1900
ZoningRESD 1

Exterior for 40 South Main Street

DrivewayPaved
Exterior AmenitiesBalcony, Deck, Partial FenceÂ, Natural Shade
Foundation Other
Garage Capacity2
Lot FeaturesCity Lot, Mountain View, Sidewalks, Street Lights, Near Shopping, Near Skiing, Near Public Transport, Near Hospital
Lot Size Area0.19
Lot Size Square Feet8276
Road Frontage Length75
Road Frontage TypePaved, Public
SurveyedUnknown
Total Electric Meters2
Water SourcePublic

Additional Details

Price History

Schools

Elementary School Rutland Northeast Primary Sch Elementary School
High School Rutland Senior High School
Middle School Rutland Middle School

Sadie Halliday

REALTOR
Price $499,000
MLS#5097369
Property Type Multi-Family
Phone 603.660.2321
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