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Great income-producing opportunity right in the heart of downtown Rutland City. This nicely maintained two-unit, two-story property offers comfort, flexibility, and strong rental appeal. Each unit is equipped with its own laundry hookup, adding everyday convenience for tenants or owner-occupants alike. Enjoy outdoor living with a windowed porch for the lower unit and a private back terrace for the upper unit. The property also features a two-car garage, ample driveway parking, and two separate fenced yard/garden spaces-perfect for pets, gardening, entertaining, BBQs, or simply relaxing outdoors. Ideally situated directly across from the Green between Route 4/7 and Main Street, this location offers easy walkability to shopping, restaurants, parks, and everything downtown Rutland has to offer. The first-floor unit is owner-occupied full-time, while the upstairs unit offers 3 bedrooms and 1 bathroom with interior stairwell access. A lease is currently in place with long-term tenants paying $2,000 per month, providing immediate income potential. A versatile investment property in a prime downtown location with excellent owner-occupant or income-producing possibilities.

More Info

Tax Information

  • Tax Year2025

Building

  • Year Built1870
  • Building ConstructionWood Frame, Vinyl Exterior
  • StyleColonial, Duplex, Multi-Family
  • Units2
  • Unit 1 Bath1
  • Unit 1 Bedrooms3
  • Unit 1 Total Rooms6
  • Unit 2 Bath1
  • Unit 2 Bedrooms3
  • Unit 2 Floor Location2
  • Unit 2 Total Rooms6
  • # of 3+ Bedrooms2
  • Bathroom2
  • Total Baths2
  • BasementDirt Floor
  • FoundationConcrete, Fieldstone

Basic Information

  • StatusACT
  • List Price$299,000
  • Date Price Change05/25/2026
  • MLS Number5090743
  • MLS StatusActive

Property

  • Acreage0.15
  • GarageYes
  • Parking Spaces2
  • Lot DescriptionCity Lot, Curbing, Landscaped, Major Road Frontage, Sidewalks
  • Square Feet2,598
  • APX Fin AG Sqft2,598
  • Road Frontage49
  • RoadsPaved, Public, Public Maintained Road
  • AreaVT-Rutland

Amenities

  • Exterior AmenitiesCovered Porch, Screened Porch
  • PetsYes
  • PricePerSqFt115.09

Location

  • TownRutland City
  • StateVT
  • Zip05701-5041
  • CountyRutland
  • ZoningMSP Main Street Park
  • Address51 South Main Street
  • Flood Zone Y/NLand Only

Interior

  • FloorsCarpet, Laminate, Tile, Wood

Exterior

  • RoofShingle, Slate
  • Exterior ColorGray

Utilities

  • Heat SystemOil
  • WaterPublic Water On-Site
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable Available, Multi Phone Lines, T1 Available

Other

  • Taxes$5,509
  • Seasonal Y/NNo
  • Date Listed05/25/2026
  • Unit 2 Rent Amount$2,000
  • View Count1

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Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 26, 2026 9:09 AM EDT

 

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