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. LAST DAY OF SHOWINGS FRIDAY JUNE 5 OFFERS DUE SATURDAY JUNE 6
Active under contract
Listed by: Lange & Lange
$299,000
51 South Main Street, Rutland City, VT 05701-5041
6beds
2,598sqft
Multi Family
Built in 1870
-- sqft lot
$290,500 Zestimate®
$115/sqft
$-- HOA
What's special
Two-car garageAmple driveway parking
- 18 days |
- 2,374 |
- 120 |
Zillow last checked:
Listing updated:
Listed by:
Tucker Adirondack Lange,
Lange & Lange 917-216-9535,
Rachael Lange,
Lange & Lange
Source: PrimeMLS,MLS#: 5090743
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Oil
Cooling
- None
Features
- Flooring: Carpet, Laminate, Tile, Wood
- Basement: Dirt Floor,Interior Entry
Interior area
- Total structure area: 5,196
- Total interior livable area: 2,598 sqft
- Finished area above ground: 2,598
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Paved, Direct Entry, Driveway, Parking Spaces 6+
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: 3
- Patio & porch: Covered Porch, Screened Porch
- Frontage length: Road frontage: 49
Lot
- Size: 6,534 Square Feet
- Features: City Lot, Curbing, Landscaped, Major Road Frontage, Sidewalks
Details
- Parcel number: 54017014638
- Zoning description: MSP Main Street Park
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Exterior
- Foundation: Concrete, Fieldstone
- Roof: Shingle,Slate
Condition
- New construction: No
- Year built: 1870
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public Water On-Site
- Utilities for property: Cable Available, Multi Phone Lines, T1 Available
Community & HOA
Location
- Region: Rutland
Financial & listing details
- Price per square foot: $115/sqft
- Tax assessed value: $142,200
- Annual tax amount: $5,509
- Date on market: 5/25/2026
- Road surface type: Paved
Estimated market value
$290,500
$276,000 - $305,000
$1,546/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/25/2026 | Listed for sale | $299,000+57.4%$115/sqft |
Source: | ||
| 7/21/2023 | Sold | $190,000+137.5%$73/sqft |
Source: | ||
| 8/28/2020 | Sold | $80,000+60%$31/sqft |
Source: Public Record Report a problem | ||
| 4/25/1989 | Sold | $50,000$19/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $142,200 |
| 2023 | -- | $142,200 |
| 2022 | -- | $142,200 |
| 2021 | -- | $142,200 |
| 2020 | -- | $142,200 |
| 2019 | -- | $142,200 |
| 2018 | -- | $142,200 |
| 2017 | -- | $142,200 |
| 2016 | -- | $142,200 +9900% |
| 2015 | -- | $1,422 |
| 2014 | -- | $1,422 |
| 2013 | -- | $1,422 |
| 2012 | -- | $1,422 |
| 2011 | -- | $1,422 |
| 2010 | -- | $1,422 |
| 2009 | -- | $1,422 |
| 2008 | -- | $1,422 |
| 2007 | -- | $1,422 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Rutland City
Nearby schools
GreatSchools rating
- 4/10Rutland Intermediate SchoolGrades: 3-6Distance: 0.7 mi
- 3/10Rutland Middle SchoolGrades: 7-8Distance: 0.7 mi
- 8/10Rutland Senior High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: Rutland City School District
Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Vermont
- Rutland County
- Rutland
- 05701
- Rutland City
- 51 South Main Street




