71 Grove St Rutland, VT 05701
Estimated payment $2,254/month
About This Home
Investment Opportunity. Discover exceptional value and potential in this spacious 2 unit multi-family property, just one block from downtown Rutland! Offering over 3,300 sq ft, this well-maintained property features 5 bedrooms and 5 bathrooms across the 2 units, with a bonus room in apartment 2 that could easily convert to an additional bedroom—perfect for generating steady rental income or living in one unit while renting the others.
Upgrades include vinyl siding and replacement vinyl windows. There's also a large paved driveway with ample parking on a deep 61×286 lot. Included in this sale, is the separately deeded approximately .20 acre fenced parking lot, which has potential access at 42 Summer Street. Tenants will love the proximity to shopping, restaurants, public transit, and city amenities, while owners will appreciate the property’s solid structure and flexible layout.
Enjoy being only minutes to world-class skiing at Killington/Pico Ski Resorts as well as being close to area lakes, golfing, hiking, biking and many other outdoor activities.
With market rents suggesting strong income potential and property values rising in the area, 71 Grove Street represents an ideal value-add or turnkey investment. Whether you’re expanding your portfolio or entering the rental market, this property delivers affordability, location, and upside in one package.
Don’t miss this chance to be part of Rutland’s revitalization!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,007
Year Built
- Built in 1920
Parking
- Paved Parking
Home Design
- Stone Foundation
- Shingle Roof
- Slate Roof
- Vinyl Siding
Interior Spaces
- Property has 2 Levels
- Basement
- Interior Basement Entry
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Schools
- Rutland Northeast Primary Sch Elementary School
- Rutland Intermediate School
- Rutland Senior High School
Utilities
- Baseboard Heating
- Cable TV Available
Additional Features
- 0.4 Acre Lot
- City Lot
Community Details
- 2 Units
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 | -- | $122,700 | $46,800 | $75,900 |
| 2023 | -- | $122,700 | $46,800 | $75,900 |
| 2022 | $4,237 | $122,700 | $46,800 | $75,900 |
| 2021 | $4,290 | $122,700 | $46,800 | $75,900 |
| 2020 | $4,252 | $122,700 | $46,800 | $75,900 |
| 2019 | $4,147 | $122,700 | $46,800 | $75,900 |
| 2018 | $6,072 | $179,400 | $45,900 | $133,500 |
| 2017 | $5,653 | $179,400 | $45,900 | $133,500 |
| 2016 | $5,635 | $179,400 | $45,900 | $133,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/25/2025 10/25/25 | For Sale | $349,000 | +190.8% | $106 / Sq Ft | |
| 03/22/2019 03/22/19 | Sold | $120,000 | -7.3% | $36 / Sq Ft | View Prior Sale |
| 02/11/2019 02/11/19 | Pending | -- | -- | -- | |
| 10/01/2018 10/01/18 | For Sale | $129,500 | -- | $39 / Sq Ft |
Source: PrimeMLS
MLS Number: 5067310
APN: 540-170-10551
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