74 Traverse Place Rutland, VT 05701
Estimated payment $1,139/month
Highlights
- 0.73 Acre Lot
- Level Lot
- 5-minute walk to Monsignor Thomas Connor Memorial Park
About This Home
Unlock the potential of this prime 0.73-acre parcel in the heart of Rutland City—a ready-to-go investment project ideal for developers or portfolio builders.
Current engineering plans support either of the following configurations:
Two 2-story buildings with a total of 9 spacious residential units, OR
Up to 20 efficiency apartments—perfect for maximizing rental income and meeting local housing demand.
Ample on-site parking included, and the lot is well-positioned with easy access and infrastructure planning underway. Located just minutes from shopping, restaurants, and public transit, this property offers a highly desirable location for tenants and investors alike.
Whether you're looking to develop workforce housing, student rentals, or a small apartment complex, this flexible project allows you to take the reins and bring your vision to life.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,039
Outdoor Features
- Electricity Available at Street
Location
- Flood Zone Lot
- City Lot
Schools
- Rutland Northeast Primary Sch Elementary School
- Rutland Middle School
- Rutland Senior High School
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 | -- | $30,100 | $30,100 | $0 |
| 2023 | -- | $30,100 | $30,100 | $0 |
| 2022 | $1,039 | $30,100 | $30,100 | $0 |
| 2021 | $1,052 | $30,100 | $30,100 | $0 |
| 2020 | $1,043 | $30,100 | $30,100 | $0 |
| 2019 | $1,017 | $30,100 | $30,100 | $0 |
| 2018 | $1,019 | $30,100 | $30,100 | $0 |
| 2017 | $948 | $30,100 | $30,100 | $0 |
| 2016 | $946 | $30,100 | $30,100 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/05/2025 09/05/25 | For Sale | $200,000 | +344.4% | -- | |
| 12/14/2020 12/14/20 | Sold | $45,000 | -23.7% | -- | View Prior Sale |
| 12/12/2020 12/12/20 | Pending | -- | -- | -- | |
| 06/13/2020 06/13/20 | For Sale | $59,000 | -- | -- |
Source: PrimeMLS
MLS Number: 5059844
APN: 540-170-14098
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