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Residential Income at 51 South Main Street, Rutland City
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$299,000

Under contract
51 South Main Street
Rutland City, VT 05701-5041
Listed by Tucker Adirondack Lange · Lange & Lange
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1870

About this home

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

Property details

MLS
Prime MLS
MLS #
5090743
Property type
Residential Income
Subdivision
N/A
Status
Under contract
Days on market
13
On market date
N/A
Stories
N/A
Total bathrooms
N/A
Garage spaces
2
Parking spaces
N/A
Lot size
0.15 acres

Location

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Market position

How this listing compares to current activity in Rutland City, from live MLS data.

On the market 13 days -- 71 fewer days than Rutland City's current average of 84 days.
For reference, the median list price across 129 active listings in Rutland City right now is $287,000.

Mortgage calculator

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Est. monthly payment
$1,951/mo
$59,800 down
$239,200 loan
Principal & interest$1,551
Property tax (est.)$249
Home insurance (est.)$150

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Copyright 2026 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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. Data last updated 06/07/26.