40 Cottage
Rutland City, VT 05701
- – beds
- – baths
- 4,480 sqft
- 6,534 sqft lot
- $60 per sqft
- 1909 build
- – on site
Exceptional Investment Opportunity: A Renovated Multi-Family Property with Owner-Occupancy Potential. Seize this outstanding opportunity to acquire a well maintained multi-family property, free from "deferred maintenance" and poised for immediate returns. Fully updated within the last 14 years, including vinyl siding and windows, shingle roof (2014), Buderus boiler (2017), and new oil tank (2020), ensuring long-term durability and reduced upkeep costs. Solid Rental History demonstrating consistent occupancy with below-market rents, presenting an opportunity for increased revenue. Conveniently situated near downtown, offering tenants easy access to public transportation, schools, area recreations, shopping, and entertainment. One unit is currently vacant, providing an excellent opportunity for an owner-occupant. Its prime location and comprehensive updates make it a turnkey solution for investors seeking a low-maintenance addition to their portfolio. The below-market rents present an opportunity to enhance cash flow through strategic adjustments. A minimum of 48 hours' notice is required for showings. Don't miss out on this must-see investment property that combines recent updates with significant income potential. Delayed Showings. Showings begin Monday April 14th.
Last checked:
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Last updated Apr 11, 2025
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MLS# 5035840 —
The Building
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Year Built:1909
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Vinyl Siding
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Architectural Style:Multi-Family
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Roof:Shingle
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Foundation:Stone
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Total Stories:2
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Total Units:3
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Approx SqFt Total:5820
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Approx SqFt Total Finished:4,480 Sqft
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Approx SqFt Finished Above Grade:4,480 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Above Grade Source:Estimated
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Approx SqFt Unfinished Below Grade:1340
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Approx SqFt Finished Building Source:Estimated
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Approx SqFt Unfinished Building Source:Assessor
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Approx SqFt Finished Above Grade Source:Assessor
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Road Frontage Type:Public
Interior
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Basement:Yes
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Basement Description:Bulkhead, Unfinished
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Basement Access Type:Walk-up
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Room 5 Type:Leased
Location
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Directions:Corner of Williams Street and Cottage Street. Sign In Front
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Latitude:43.610714854932901
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Longitude:-72.979635000000002
The Property
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Property Class:Multi-Family
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Seasonal:No
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Lot Features:City Lot, Corner, Near Shopping, Near Public Transportatn, Near Railroad
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Lot SqFt:6,534 Sqft
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Lot Acres:0 Sqft
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Zoning:RESD1
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Driveway:Gravel
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2025
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Taxes TBD:Unknown
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Tax - Gross Amount:$5,253
Beds
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Total 2 Bedroom Units:3
Baths
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Total Full Baths:4
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Unit 1 Baths:1
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Unit 2 Baths:1
The Listing
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Price Per SqFt:60.04
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Hot Water
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Total Heat Units:1
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Total Water Heaters:3
Utilities
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Utilities:Cable - Available, Telephone Available
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Sewer:Public
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Electric:Circuit Breaker(s)
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Water Source:Public
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Total Electric Meters:7
Appliances
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Total Refrigerators:3
Schools
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Elementary School:Northwest Primary School
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Middle Or Junior School:Rutland Intermediate School
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High School:Rutland Senior High School
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School District:Rutland City School District
The Community
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Covenants:Unknown
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Easements:Yes
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Assessment Year:2023
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Assessment Amount:135600
Extra Units
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Unit 1 Bedrooms:2
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Unit 2 Bedrooms:2
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Unit 3 Bedrooms:2
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Unit 3 Baths:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/10/25
Apr 10, 2025
|
Listed / Active | PRIME_MLS | $269,000 |
