2 multi family homes side be side, each has 2 four bedroom unit, great income generator, all unites were rented to tenants with vouchers through Vermont housing authority, currently one unit is vacant in each building for possible new owner occupancy, this property has two deeds , when all rented the gross yearly income is $47,400 for 164 State and $47,340 for 164.5 State st with a total yearly revenues of $94,740 and a net yearly Income of $66,662 that puts the cap rate over 20% , the expenses do not include management fees or vacancy rate maintenance expense, see attachments documents like tax bill, deeds and income expense numbers .
Closed
Listed by:
Mike Kalil,
Watson Realty & Associates 802-773-3500
Bought with: Watson Realty & Associates
$298,000
164 State Street, Rutland City, VT 05701
16beds
5,000sqft
Multi Family
Built in 1900
-- sqft lot
$319,500 Zestimate®
$60/sqft
$1,587 Estimated rent
Home value
$319,500
$249,000 - $396,000
$1,587/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 16, 2025 at 09:39am
Listed by:
Mike Kalil,
Watson Realty & Associates 802-773-3500
Bought with:
Mike Kalil
Watson Realty & Associates
Source: PrimeMLS,MLS#: 5033032
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Cooling
- None
Features
- Basement: Full,Unfinished,Interior Entry
Interior area
- Total structure area: 6,200
- Total interior livable area: 5,000 sqft
- Finished area above ground: 5,000
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
Features
- Levels: Two
- Frontage length: Road frontage: 85
Lot
- Size: 0.27 Acres
- Features: City Lot
Details
- Parcel number: 54017017818
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame
- Foundation: Concrete
- Roof: Other Shingle,Slate
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable, Phone
Community & neighborhood
Location
- Region: Rutland
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/16/2025 | Sold | $298,000$60/sqft |
Source:  PrimeMLS #5033032 | ||
| 3/22/2025 | Contingent | $298,000$60/sqft |
Source: PrimeMLS #5033032 | ||
| 3/21/2025 | Listed for sale | $298,000+179%$60/sqft |
Source: PrimeMLS #5033032 | ||
| 2/5/2020 | Sold | $106,800+19.3%$21/sqft |
Source: Public Record | ||
| 1/5/2007 | Sold | $89,500+214%$18/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $106,800 |
| 2023 | -- | $106,800 |
| 2022 | -- | $106,800 |
Find assessor info on the county website
Neighborhood: Rutland City
Nearby schools
GreatSchools rating
- 4/10Rutland Intermediate SchoolGrades: 3-6Distance: 0.3 mi
- 3/10Rutland Middle SchoolGrades: 7-8Distance: 0.3 mi
- 8/10Rutland Senior High SchoolGrades: 9-12Distance: 1.5 mi
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