469 Main St West Rutland, VT 05777
Estimated payment $3,234/month
About This Home
Spacious units. nice location minutes to shopping and Rutland city , this property has been renovated and updated, including vinyl siding, windows and much more , pretty much no deferred maintains, the best part about this property is the income, Cap Rate at asking price is more than 15.5%, Rents include: Heat, Water & Sewer ,Rubbish, Lawn/plowing, property taxes ,insurance, although each unit has it own electric meter the current owner has included electric in the rent and maintenance , Steady income, gross yearly income is $122,400 with expenses at $36,402 which includes 8% vacancy rate, the NOI $77,596 .
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,210
Year Built
- Built in 1915
Parking
- Stone Driveway
Home Design
- Stone Foundation
- Wood Frame Construction
- Slate Roof
- Metal Roof
Interior Spaces
- 12 Bedrooms
- Property has 2 Levels
Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
Schools
- West Rutland Elementary And Middle School
- Choice High School
Utilities
- Baseboard Heating
- Cable TV Available
Additional Features
- 10,019 Sq Ft Lot
- City Lot
Community Details
Overview
- 7 Units
Building Details
- Gross Income $122,400
- Net Operating Income $77,596
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,201 | $266,100 | $41,300 | $224,800 |
| 2023 | $6,048 | $266,100 | $41,300 | $224,800 |
| 2022 | $7,710 | $266,100 | $41,300 | $224,800 |
| 2021 | $6,050 | $266,100 | $41,300 | $224,800 |
| 2020 | $5,998 | $266,100 | $41,300 | $224,800 |
| 2019 | $5,509 | $266,100 | $41,300 | $224,800 |
| 2018 | $4,794 | $218,000 | $48,400 | $169,600 |
| 2017 | $4,882 | $218,000 | $48,400 | $169,600 |
| 2016 | $4,704 | $218,000 | $48,400 | $169,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/24/2025 11/24/25 | For Sale | $500,000 | +104.1% | $88 / Sq Ft | |
| 10/22/2021 10/22/21 | Sold | $245,000 | -1.6% | $57 / Sq Ft | View Prior Sale |
| 04/26/2021 04/26/21 | Pending | -- | -- | -- | |
| 04/23/2021 04/23/21 | For Sale | $249,000 | -2.4% | $58 / Sq Ft | |
| 03/02/2012 03/02/12 | Sold | $255,000 | -17.7% | $59 / Sq Ft | View Prior Sale |
| 12/21/2011 12/21/11 | Pending | -- | -- | -- | |
| 05/08/2010 05/08/10 | For Sale | $309,900 | -- | $72 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $230,000 | -- | |
| Deed | $230,000 | -- | |
| Deed | $255,000 | -- |
Source: PrimeMLS
MLS Number: 5070530
APN: 735-234-10885
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