OFF MARKET

Listed by Betsy Adamovich • Real Broker LLC. Bought with Watson Realty & Associates.

Off market jun 2025 for $285K

—

Est. refi paymentEst. refi $1,895/mo

•

5 ba

•

2,700

sq ft

166 State St, Rutland, VT 05701

About this home

Investor Opportunity in Rutland City! 166 State Street is a 5-unit multifamily property with a strong rental history and solid numbers. With a gross annual income of $54,000 and expenses currently at $24,552, this property nets $29,448 annually—offering a 10.55% cap rate at the asking price. Rents are currently below market, presenting immediate potential for increased returns. Expenses could also be streamlined for even better performance. Whether you're looking to expand your portfolio or dive into multi-unit investing, this one is well worth a look. Motivated seller—bring your offers and let’s make a deal!

Multi-familyProperty Type

1910Year Built

9,147 sq ftLot Size

$106Price/Sq.Ft.

Listed by Betsy Adamovich • Real Broker LLC

Bought with Mike Kalil • Watson Realty & Associates

Redfin checked: a minute ago

•Source:PrimeMLS #5036190

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 05701, VT

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.8%

+0.5% MoM

Median sale price

$310K

$28K MoM

Avg. days on market

51d

2 days MoM

Recently sold homes

4 MoM

New listings for sale

$90,000
3 beds2 baths924 sq ft
185 Dorr Dr #17, Rutland, VT 05701
$279,900
3 beds2.5 baths2,464 sq ft
53 Bellevue Ave, Rutland, VT 05701
$450,000
3 beds1.5 baths2,173 sq ft
89 Edgerton St, Rutland, VT 05701
$639,900
4 beds4.5 baths4,368 sq ft
969 Post Rd, Rutland, VT 05701
$260,000
3 beds2 baths1,744 sq ft
46 Killington Ave, Rutland, VT 05701
$239,900
2 beds2 baths1,349 sq ft
186 Lincoln Ave, Rutland, VT 05701
$345,000
3 beds2.5 baths2,270 sq ft
118 Forest St, Rutland, VT 05701
COMING SOON
$139,000
2 beds2 baths812 sq ft
193 Curtis Ave, Rutland, VT 05701
$149,000
4 beds1 bath1,340 sq ft
8 Meadow St, Rutland, VT 05701
$250,000
4 beds2 baths2,288 sq ft
124 Bellevue Ave, Rutland, VT 05701
See all

Provided by Redfin

Sale history for 166 State St

Date

Event

Price

PrimeMLS #5036190

Jun 13, 2025

Sold

$285,000

$106/sq ft

Apr 22, 2025

Contingent

—

Apr 14, 2025

Listed

$279,000

$103/sq ft

PrimeMLS #1

Nov 7, 2024

Price Changed

$299,500

$111/sq ft

Aug 23, 2024

Price Changed

$325,000

$120/sq ft

Public Records

Oct 24, 2008

Sold

$39,400

$15/sq ft

Public Records

Oct 24, 2008

Sold

$118,200

$44/sq ft

PrimeMLS #2656669

Oct 21, 2008

Sold

$157,600

$58/sq ft

May 25, 2007

Listed

$190,000

$70/sq ft

Public Records

Oct 4, 1999

Sold

$54,000

$20/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,692 (+3.8%)

$66,400 + $73,300

$139,700

2024

$2,594 (+10.7%)

$66,400 + $73,300

$139,700

2023

$2,344 (−51.4%)

$66,400 + $73,300

$139,700

2022

$4,824 (−1.2%)

$66,400 + $73,300

$139,700

2021

$4,885 (+0.9%)

$66,400 + $73,300

$139,700

2020

$4,841 (+2.5%)

$66,400 + $73,300

$139,700

2019

$4,721 (−0.1%)

$66,400 + $73,300

$139,700

2018

$4,728 (+7.4%)

$66,400 + $73,300

$139,700

2017

$4,402 (+0.3%)

$66,400 + $73,300

$139,700

2016

$4,388 (−0.3%)

$66,400 + $73,300

$139,700

2015

$4,403 (+26.4%)

$66,400 + $73,300

$139,700

2014

$3,483

$66,400 + $73,300

$139,700

Tax history for 166 State St

Year

Property tax

Land + Additions

Assessment*

2025

$2,692 (+3.8%)

$66,400 + $73,300

$139,700

2024

$2,594 (+10.7%)

$66,400 + $73,300

$139,700

2023

$2,344 (−51.4%)

$66,400 + $73,300

$139,700

2022

$4,824 (−1.2%)

$66,400 + $73,300

$139,700

2021

$4,885 (+0.9%)

$66,400 + $73,300

$139,700

2020

$4,841 (+2.5%)

$66,400 + $73,300

$139,700

2019

$4,721 (−0.1%)

$66,400 + $73,300

$139,700

2018

$4,728 (+7.4%)

$66,400 + $73,300

$139,700

2017

$4,402 (+0.3%)

$66,400 + $73,300

$139,700

2016

$4,388 (−0.3%)

$66,400 + $73,300

$139,700

2015

$4,403 (+26.4%)

$66,400 + $73,300

$139,700

2014

$3,483

$66,400 + $73,300

$139,700

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

2,118

Year built

1910

Style

Condo/Co-op

County

Rutland County

APN

54017012666

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 15, 2026.

Property details

Interior

Basement Information
Basement: Yes
Basement Access: Interior

Exterior

Building Information
Architectural Style: Multi-Family
Construction Status: Existing
Construction Materials: Wood Frame
Approximate Sq. Ft. Total Finished: 2700
Approximate Sq. Ft. Total: 3200

Lot, Zoning, & Easement Information
Lot Features: City Lot, Sidewalks, In Town, Near Shopping, Near Skiing, Near Public Transportatn, Near Hospital, Near School(s)

Income Information
Net Income: $29,448

Survey Information
Surveyed: Unknown

Other Property & Lot Information
Year Built: 1910

Financial

Tax Information
Tax Year: 2025
Gross Amount Tax: 5412.4
SPAN Number: 540-170-12666

Other Tax Information
Page Deed: 840

Utilities

Water Information
Water Source: Public

Other Utilities Information
Internet: High Speed Intrnt -Avail
Cable - Available, Telephone Available

Location

Multi-Unit Information
Total Units: 5
# of 1 Bedroom Units: 5
Sewer: Public
Electric: Circuit Breaker(s)
Foundation: Stone
Roof: Slate
Driveway: Gravel
Heating: Baseboard
Cooling: None
Basement Description: Partially Finished

Unit 1 Information
Unit 1 Baths: 1
Unit 1 Bedrooms: 1

Unit 2 Information
Unit 2 Baths: 1
Unit 2 Bedrooms: 1

Unit 3 Information
Unit 3 Baths: 1
Unit 3 Bedrooms: 1

Unit 4 Information
Unit 4 Baths: 1
Unit 4 Bedrooms: 1

Unit 5 Information
Unit 5 Baths: 1
Unit 5 Bedrooms: 1

Road Information
Road Frontage Type: Paved, Public
Road Frontage: TBD

Public facts

Beds: 5
Baths: 5.0
Sq. Ft.: 2,118
Stories: 2.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1910
Year Renovated: —
County: Rutland County
APN: 54017012666

Home facts updated by county records on Jul 15, 2026

Other

Expense Information
Net Income: 29448
Operating Expenses Include: Heat, Insurance, Trash, Water/Sewer

Water Body Information
Flood Zone: Land Only

Around this home

Schools

Rutland Northwest School

Public PreK-2 • Assigned • 0.3mi

Rutland Middle School

Public 7-8 • Assigned • 0.5mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

6/10 Flood Factor

Estimated 67-74% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 93° expected this year, 17 days in 30 years

2/10 Wind Factor

4% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Rutland, VT • 05701

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.6 hours in June and 3.2 hours in December, placing it below the U.S. average for solar exposure.

8.6 hrs

3.2 hrs

JuneDecember

Provided by Shadowmap

Sell confidently with a local market expert in Rutland. 3 minutes to get started.

Nearby similar homes

$599,000

12 beds6 baths4,772 sq ft

46 Terrill St, Rutland, VT 05701

$415,000

6 beds5 baths2,250 sq ft

52 Chestnut Ave, Rutland, VT 05701

New listings for sale in 05701

$90,000

3 beds2 baths924 sq ft

185 Dorr Dr #17, Rutland, VT 05701

$279,900

3 beds2.5 baths2,464 sq ft

53 Bellevue Ave, Rutland, VT 05701

$450,000

3 beds1.5 baths2,173 sq ft

89 Edgerton St, Rutland, VT 05701

$639,900

4 beds4.5 baths4,368 sq ft

969 Post Rd, Rutland, VT 05701

$260,000

3 beds2 baths1,744 sq ft

46 Killington Ave, Rutland, VT 05701

$239,900

2 beds2 baths1,349 sq ft

186 Lincoln Ave, Rutland, VT 05701

$345,000

3 beds2.5 baths2,270 sq ft

118 Forest St, Rutland, VT 05701

COMING SOON

$139,000

2 beds2 baths812 sq ft

193 Curtis Ave, Rutland, VT 05701

$149,000

4 beds1 bath1,340 sq ft

8 Meadow St, Rutland, VT 05701

Home values near 166 State St

Data from public records.

Address	Redfin Estimate
180 State St, Rutland, VT 10 Beds \| 3 Baths \| 1408 Sq. Ft.	—
182 State St Apt A, Rutland, VT 1 Beds \| 1 Baths \| 864 Sq. Ft.	$78,354

Address	Redfin Estimate
162 State St, Rutland, VT 7 Beds \| 4 Baths \| 3139 Sq. Ft.	$403,444
164 State St, Rutland, VT 16 Beds \| 4 Baths \| 5000 Sq. Ft.	$379,695

Address	Redfin Estimate
182 State St, Rutland, VT - Beds \| - Baths \| - Sq. Ft.	—
1641 State St Apt 2, Rutland, VT 6 Beds \| 2 Baths \| 2240 Sq. Ft.	$249,878

Property information provided by PrimeMLS when last listed in 2025. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 05701, VT

Sale history for 166 State St

Tax history for 166 State St

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 05701

Home values near 166 State St

More real estate resources