List Price: $299,000 | $115 per sq.ft. Multi Family A 2 Unit Multi Family Home
With 0 One Bedroom Units , 0 - Two Bedroom Units ,2 - Three Bedroom Units Under Contract
Listed Monday May 25, 2026 | MLS# 5090743
51 South Main Street Rutland City VT
Listed by Tucker Adirondack Lange Lange & Lange
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
Annual Expenses

Taxes: $5,509
Income

UNIT 1

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

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
Year Built: 1870
Style: Colonial | Duplex | Multi-Family
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 5196
Above Grade Sq.Ft.: 2598
Basement: Dirt Floor
Exterior Color: Gray
Roof: Shingle | Slate
Seasonal: No
Heating: Oil
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable Available | Multi Phone Lines | T1 Available
Electric Meters: 2
Gas_Meters: 2
Water: Public Water On-Site
Sewer: Public
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


Docs Available : Deed
Easement - Unknown
Taxes $5,509
Assesed Value Not Reported
Schools
School District: Rutland City School District

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