NOT LISTED FOR SALE

189 N Main St Rutland, VT 05701

13 Beds
8 Baths
5,000 Sq Ft
0.36 Acres

Last Sold June 21, 2024

Last sale price $585,000 $117 Per Sq Ft

252 Days on Market

About This Home

As of June 2024

Investment Opportunity, 8 units in 2 buildings on good size lot in a nice location, well maintained convenient to downtown for shopping , ski areas and lakes region , good rental history 100% occupancy, ample parking for tenants, five 2 bedrooms and three 1 bedrooms over $111k in gross income yearly, Cap Rate at the asking price is over 13%.

Last Agent to Sell the Property

Mike Kalil

Watson Realty & Associates License #081.0095645 Listed on: 07/10/2023

Last Buyer's Agent

Mike Kalil

Watson Realty & Associates License #081.0095645 Listed on: 07/10/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,084

Year Built

  • Built in 1900

Lot Details

  • 0.36 Acre Lot
  • Lot Sloped Up

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 8 Full Bathrooms
  • 5,000 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Parking

  • 6 Car Parking Spaces
  • Gravel Driveway
  • On-Site Parking
  • Off-Street Parking

Location

  • City Lot

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $35,162
  • Gross Income $11,624
  • Net Operating Income $76,462

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,084

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 117
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6200
  • Sq Ft - Apx Total Finished: 5000
  • Year Built: 1900
  • Remarks Public: Investment Opportunity, 8 units in 2 buildings on good size lot in a nice location, well maintained convenient to downtown for shopping , ski areas and lakes region , good rental history 100% occupancy, ample parking for tenants, five 2 bedrooms and three 1 bedrooms over $111k in gross income yearly, Cap Rate at the asking price is over 13%.
  • List Agent: 21713
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Display On Internet: High Speed Intrnt -AtSite, DSL
  • Architectural Style: Multi-Family
  • ResoLotFeatures: City Lot
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Water Heater – Electric
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 5000
  • Sq Ft - Apx Unfinished BG: 1200

Exterior Features

  • Driveway: Gravel
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Construction Type: Wood Frame, Vinyl Exterior

Garage/Parking

  • Parking: Off Street, On-Site, Parking Spaces 6+

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water
  • Total Electric Meters: 8
  • Total Heat Units: 2
  • Total Ranges: 8
  • Total Refrigerators: 8
  • Utilities: Cable, Cable - Available
  • Water Source: Public

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 15682
  • Lot Acres: 0.36
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 609
  • Deed Page: 374
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 11624
  • Net Income: 76462
  • Total Full Baths: 8
  • Total Units: 8
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 5

Tax Info

  • Tax Gross Amount: 8084
  • Tax Year: 2023

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $585,000 +4.5% $117 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
12/19/2023 12/19/23 For Sale $560,000 0.0% $112 / Sq Ft
12/14/2023 12/14/23 Pending -- -- --
11/08/2023 11/08/23 For Sale $560,000 0.0% $112 / Sq Ft
10/22/2023 10/22/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $560,000 +64.7% $112 / Sq Ft
07/15/2021 07/15/21 Sold $340,000 -4.2% $68 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $355,000 +7.6% $71 / Sq Ft
03/02/2012 03/02/12 Sold $330,000 -23.2% $66 / Sq Ft
12/21/2011 12/21/11 Pending -- -- --
05/08/2010 05/08/10 For Sale $429,900 -- $86 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Kalil

    Seller's Agent in 2024

    Mike Kalil

    Watson Realty & Associates

    (802) 342-8899

    71 in this area

    106 Total Sales

    Mike Kalil
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Map

Source: PrimeMLS

MLS Number: 4960591

PrimeMLS

APN: (170) 15456

Vermont Rutland County Rutland 05701

189 N Main St, Rutland, VT

This home is located at 189 N Main St, Rutland, VT 05701 since 10 July 2023. This property was built in 1900. 189 N Main St is a home located in Rutland County with nearby schools including Rutland Intermediate School, Rutland Middle School, and Rutland Senior High School.

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