Looking for the perfect investment property, or perfect opportunity to owner occupy? Then you need to check out this well maintained, 3 unit, 4 bed, 4 bath, multi-family property only a few blocks from downtown shopping, dining and events. Two of the apartments, #2 and #3, were recently renovated in 2022 ( see attached list of improvements ) with new washers and dryers, vinyl plank flooring, kitchen counter tops and cabinets, and new appliances and an energy efficient mini split in apt#3 for Summer cooling and economical heat. This property has a single oil FHA furnace replaced in 2000 and a new oil tank replaced in 2022 with vinyl siding and newer vinyl windows all around and an electrical cost saving solar array on the roof. All old knob and tube wiring terminated and replaced. And you'll find that there is little to no deferred maintenance here at this property. Month to month leases with reliable rental income and an opportunity to improve cash flow. There's plenty of on-street and off-street parking as well a carport to get your car out of the weather and a large rear deck to enjoy the mountain view. You're less than 20 minutes from Killing/Pico Ski Resorts, and less than 2 hours from Burlington or Albany Airport. This is a must see.
Property Details
Property Features
Property Information:
Year Built: 1850
Stories: 2
Living Area: 2,886 SqFt
Listing Office:
Office Name: Real Broker LLC
Office Phone: (802) 613-0729
Listing Agent: Mark Triller
Interior Features
Interior Information:
Basement: Yes
Flooring Type: Carpet, Laminate
Exterior Features
Exterior Information:
Exterior: Deck, Porch - Covered
Parking Information:
Parking: Carport, On Street, Paved
Lot Features
Lot Information:
Lot Size: 0.12 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Zoned
Other
Directions Information:
Directions: 40 Summer Street. Sign in Front.
Price Information
Listing Price Info
Price Summary:
List Price: $299,000
Price Per SqFt: $104/SqFt
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Housing Market Comparison
See how this home compares to others in Rutland, VT.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 10/18/2024, 2:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Rutland Intermediate School
6365 Library Ave
Distance between this listing and this school0.23 miles
Public District Grades 3-6
2
/10
Proctor Elementary School
14 School St
Distance between this listing and this school4.54 miles
Public District Grades PK-6
9
/10
Killington Elementary School
686 Schoolhouse Rd
Distance between this listing and this school9.70 miles
Public District Grades PK-6
Nearby Schools
2
/10
Rutland Middle School
67 Library Ave
Distance between this listing and this school0.19 miles
Public District Grades 7-8
4
/10
Rutland Town Elementary School
1612 Post Rd
Distance between this listing and this school2.17 miles
Public District Grades PK-8
5
/10
Castleton-Hubbarton Unified School District #42
263 Elementary School Rd
Distance between this listing and this school11.50 miles
Public District Grades PK-8
Nearby Schools
6
/10
Rutland Senior High School
22 Stratton Rd
Distance between this listing and this school1.47 miles
Public District Grades 9-12
3
/10
West Rutland School
713 Main St
Distance between this listing and this school3.62 miles
Public District Grades PK-12
2
/10
Proctor Junior/Senior High School
4 Park St
Distance between this listing and this school3.88 miles
The neighbors living near this home have an average income of $24,487. The most common annual income of people living in Rutland, VT is less than $35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 40 Summer St
What is the listing price of this property?
The listing price of 40 Summer St property is $299,000.
What type of property is this?
The property 40 Summer St is land located in Rutland City, Vermont, 05701.
Is this property for sale now?
Active Listing: 40 Summer St is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 40 Summer St in Rutland City, VT and zip code 05701. This 2,886 square foot home, which was built in 1850, sits on a 0.12 acre lot. It has been listed on Rocket Homes since September 23, 2024 and is currently priced at $299,000.
The number of listings in Rutland, VT increased by 48.3% between August 2024 and September 2024. The median list price of listings available in September 2024 was $310,000, while the average time on the real estate market was 49 days.
From Rocket Homes Real Estate and based on county public records data.
© Copyright 2024 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. 
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