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Investors, take note: here's a four unit multi-family property that pairs steady rental income with a prime uptown Rutland location-a combination savvy buyers rarely stumble upon. Built for performance, this well-maintained solid building features separate utilities across its units, meaning tenants cover their own usage and you sidestep the headache of dividing bills every month. The first floor spacious apartment also has use of the two car attached garage, three bedrooms and one level living. The second floor consist of (2) one bedroom units and a studio apartment with a private balcony. The fourth unit offers an abundance of natural light with built-in bookcases, a skylight and it's own access to a private garden at the back of the building. This layout accommodates multiple households comfortably, keeping occupancy strong and vacancies short. Whether you're an experienced landlord expanding your portfolio or a first-time investor dipping a toe into rental ownership, this property checks the practical boxes. The care that previous owners and the current owner has poured into upkeep shows, sparing you the surprise expenses that often plague older buildings. Simply put, it's ready to generate returns from the moment you collect the keys with a great rental history. Some newer heat pumps have been added for energy efficient heating. Location only sweetens the proposition. Tenants enjoy close proximity to Main Street Park, a pleasant green pocket perfect for lunch breaks and weekend lounging. Daily errands stay effortless with Shopping Plaza Road just minutes away, while Marble Valley Regional Transit puts car-free commuting within easy reach-a genuine selling point that keeps renters interested and leases signed. The bus also transports to Killington Ski area!

More Info

Tax Information

  • Tax Year2026

Building

  • Year Built1900
  • Building ConstructionWood Frame, Vinyl Siding
  • StyleColonial
  • Units4
  • Unit 1 Bath1
  • Unit 1 Bedrooms3
  • Unit 1 Floor Location1st Floor
  • Unit 1 Total Rooms6
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Floor Location2nd Floor
  • Unit 2 Total Rooms3
  • Unit 3 Bath1
  • Unit 3 Floor Location2nd Floor
  • Unit 3 Total Rooms1
  • Unit 4 Bath1
  • Unit 4 Floor Location2nd Floor
  • Unit 4 Total Rooms3
  • # of 1 Bedrooms2
  • # of 3+ Bedrooms1
  • Bathroom4
  • Total Baths4
  • BasementConcrete, Interior Stairs, Unfinished, Interior Access
  • FoundationOther

Basic Information

  • Virtual TourView Tour
  • StatusACT
  • List Price$499,000
  • Date Price Change06/30/2026
  • MLS Number5097369
  • MLS StatusActive

Property

  • Acreage0.19
  • GarageYes
  • Parking Spaces2
  • Lot Description
    • City Lot
    • Mountain View
    • Near Hospital
    • Near Public Transport
    • Near Shopping
    • Near Skiing
    • Sidewalks
    • Street Lights
  • Square Feet3,800
  • APX Fin AG Sqft3,800
  • Road Frontage75
  • RoadsPaved, Public
  • AreaVT-Rutland

Other

  • Taxes$6,876
  • Seasonal Y/NNo
  • Date Listed06/30/2026

Location

  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland
  • ZoningRESD 1
  • Elementary SchoolRutland Northeast Primary Sch
  • Junior HighRutland Middle School
  • High SchoolRutland Senior High School
  • Address40 South Main Street
  • Flood Zone Y/NNo

Exterior

  • RoofSlate

Utilities

  • Heat SystemOil, Baseboard, Electric, Heat Pump
  • WaterPublic
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable Available

Amenities

  • Exterior AmenitiesBalcony, Deck, Partial Fence, Natural Shade
  • PricePerSqFt131.32

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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 July 1, 2026 7:53 AM UTC

 

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