Rutland City VT Multi Family Home For Sale $299,000

Under ContractMulti Family Home $299,000 | $115 per sq.ft.
2 Unit Multi Family Home,
51 South Main Street Rutland City VT
With 2 - Three Bedroom Units
| MLS# 5090743
Listed by Tucker Adirondack Lange Lange & Lange on May 25th 2026

DESCRIPTION

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

UNIT 1 INFORMATION Beds: 3 Baths: 1 Rooms: 6 Sq.Ft.: 1299 Info : Appliances Included,Dryer,Heat,Oil Heat,Hot Water,Electric Range,Refrigerator,Storage,Washer Lease Term : Owner Occupied Signed Lease : Yes Status : Owner Occupied	UNIT 2 INFORMATION Beds: 3 Baths: 1 Rooms: 6 Sq.Ft.: 1299 Level: 2 Info : Appliances Included,Den,Dryer,Heat,Oil Heat,Hot Water,Porch,Electric Range,Refrigerator,Smoke Detector,Washer Tenant Pays : All Utilities Rent : 2000.00 Monthly Lease Term : Annual Signed Lease : Yes

CONSTRUCTION
Wood Frame | Vinyl Exterior Exterior Color : Gray
Year Built: 1870
No. of Floors: 3
Total Sq.Ft. Finished: 2598
Above Grade Sq.Ft.: 2598
Price Per SQ.FT.: $115.09
Basement: Dirt Floor
Heating: Oil
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable Available | Multi Phone Lines | T1 Available
Electric Meters: 2
Gas_Meters: 2
Style: Colonial | Duplex | Multi-Family
Roof: Shingle | Slate
Water: Public Water On-Site
Sewer: Public
Seasonal: No
LAND INFORMATION
City Lot | Curbing | Landscaped | Major Road Frontage | Sidewalks
Lot size: 0.15 acres
Zoned: MSP Main Street Park)
Surveyed: Unk
Flood Zone: Land Onl
Road Frontage: 49
Driveway: Paved
ADDITIONAL INFORMATION
Docs Available : Deed
Taxes $5,509 | Assesed Value $0 in
AREA INFORMATION
School District: Rutland City School District

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