Listed by Mike Kalil • Watson Realty & Associates. Bought with Watson Realty & Associates.
Off Market Feb 2026 for $500K
—
Est. refi paymentEst. refi$3,283/mo
12
bd
•
7 ba
•
5,653
sq ft
469 Main St, West Rutland, VT 05777
About this home
Spacious units. nice location minutes to shopping and Rutland city , this property has been renovated and updated, including vinyl siding, windows and much more , pretty much no deferred maintains, the best part about this property is the income, Cap Rate at asking price is more than 15.7%, Rents include: Heat, Water & Sewer , Rubbish, Lawn/plowing, property taxes , insurance, although each unit has it own electric meter the current owner has included electric in the rent and maintenance , Steady income, gross yearly income is $122,400 with expenses at $33,789 , NOI is $78,508
Multi-familyProperty Type
1915Year Built
10,018 sq ftLot Size
$88Price/Sq.Ft.
Listed by Mike Kalil• Watson Realty & Associates
Bought with Mike Kalil• Watson Realty & Associates
Spacious units. nice location minutes to shopping and Rutland city Rents include: Heat, Water & Sewer , Rubbish, Lawn/plowing, property taxes , insurance cleaning and maintenance and professional Management fees , Steady income NOI $26,436 Cap Rate 11%
PrimeMLS #2834525
Mar 2, 2012
Sold
$255,000
$45/sq ft
May 8, 2010
Listed
$289,000
$51/sq ft
Many updates. Nice location. All the apartments are in good shape. Some newly renovated. Spacious apartments. Rents includes : Heat, Water & Sewer, Rubbish, Lawn/plow. Good cap rate
Year
Property tax
Land + Additions
Assessment*
2025
$4,612 (−1.9%)
$41,300 + $224,800
$266,100
2024
$4,699 (+10.7%)
$41,300 + $224,800
$266,100
2023
$4,243 (−45.0%)
$41,300 + $224,800
$266,100
2022
$7,710 (+27.4%)
$41,300 + $224,800
$266,100
2021
$6,050 (+0.9%)
$41,300 + $224,800
$266,100
2020
$5,998 (+8.9%)
$41,300 + $224,800
$266,100
2019
$5,509 (+14.9%)
$41,300 + $224,800
$266,100
2018
$4,794 (−1.8%)
$48,400 + $169,600
$218,000
2017
$4,881 (+3.8%)
$48,400 + $169,600
$218,000
2016
$4,704 (−0.2%)
$48,400 + $169,600
$218,000
2015
$4,712 (−3.0%)
$48,400 + $169,600
$218,000
2014
$4,859
$48,400 + $169,600
$218,000
Tax history for 469 Main St
Year
Property tax
Land + Additions
Assessment*
2025
$4,612 (−1.9%)
$41,300 + $224,800
$266,100
2024
$4,699 (+10.7%)
$41,300 + $224,800
$266,100
2023
$4,243 (−45.0%)
$41,300 + $224,800
$266,100
2022
$7,710 (+27.4%)
$41,300 + $224,800
$266,100
2021
$6,050 (+0.9%)
$41,300 + $224,800
$266,100
2020
$5,998 (+8.9%)
$41,300 + $224,800
$266,100
2019
$5,509 (+14.9%)
$41,300 + $224,800
$266,100
2018
$4,794 (−1.8%)
$48,400 + $169,600
$218,000
2017
$4,881 (+3.8%)
$48,400 + $169,600
$218,000
2016
$4,704 (−0.2%)
$48,400 + $169,600
$218,000
2015
$4,712 (−3.0%)
$48,400 + $169,600
$218,000
2014
$4,859
$48,400 + $169,600
$218,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
11
Baths
7
Stories
2
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
5,653
Year built
1900
Style
Condo/Co-op
County
Rutland County
APN
73523410885
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
VILLAGE COMMERCIAL 1
Village Commercial 1
To maintain the economic vitality and compatible mix of residential and commercial uses at the center of the community as well as preserve the historic integrity of the village.
Property details
Interior
Basement Information
Basement: Yes
Basement Access: Walk-up
Exterior
Building Information
Architectural Style: Multi-Family
Construction Status: Existing
Construction Materials: Wood Frame
Approximate Sq. Ft. Total Finished: 5653
Approximate Sq. Ft. Total: 6901
Lot, Zoning, & Easement Information
Lot Features: City Lot
Income Information
Net Income: $78,508
Survey Information
Surveyed: Unknown
Other Property & Lot Information
Year Built: 1915
Financial
Tax Information
Tax Year: 2026
Gross Amount Tax: 7210
SPAN Number: 735-234-10885
Other Tax Information
Page Deed: 707-709
Utilities
Electric Information
Electric Company: green mountain power
Water Information
Water Source: Public
Other Utilities Information
Internet: High Speed Intrnt -Avail
Cable Company: comcast
Cable, Telephone Available
Location
Multi-Unit Information
Unit Lease Term: Month to Month
Total Units: 7
# of 1 Bedroom Units: 3
# of 2 Bedroom Units: 3
# of 3+ Bedroom Units: 1
# of Baths (full): 7
Sewer: Public
Electric: Circuit Breaker(s)
Roof: Metal, Slate
Driveway: Crushed Stone
Heating: Oil, Baseboard
Cooling: None
Basement Description: Full, Unfinished
Unit 1 Information
Unit 1 Bedrooms: 1
Unit 1 Lease Term: Month to Month
Unit 2 Information
Unit 2 Bedrooms: 2
Unit 3 Information
Unit 3 Bedrooms: 1
Unit 3 Lease Term: Month to Month
Unit 4 Information
Unit 4 Bedrooms: 1
Unit 4 Lease Term: Month to Month
Unit 5 Information
Unit 5 Bedrooms: 2
Unit 5 Lease Term: Month to Month
Unit 6 Information
Unit 6 Bedrooms: 3
Unit 6 Lease Term: Month to Month
Unit 7 Information
Unit 7 Bedrooms: 2
Unit 7 Lease Term: Month to Month
School Information
School District: West Rutland School District
Elementary School: West Rutland School
Elementary School: West Rutland School
Middle/Jr School: West Rutland School
School - High: Choice
Road Information
Road Frontage Type: Paved, Public
Road Frontage: Yes
Road Frontage Length: 68
Public facts
Beds: 11
Baths: 7.0
Sq. Ft.: 5,653
Stories: 2.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1900
Year Renovated: —
County: Rutland County
APN: 73523410885
Home facts updated by county records on Jul 15, 2026