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Listed by Graham Mink • Mink Realty
$ 825,000
Est. payment /mo
Active
139 Park ST Morristown, VT 05661
4,293 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,293 sqft
Price per Sqft $192
MLS Listing ID 5074836
Construction Status Existing
Year Built 1880
Annual Tax Amount $7,738
Tax Year 2025
Lot Size 0.500 Acres
Acres 0.5
Property Description
Four-unit multifamily property located in the village of Morrisville, featuring classic New England village architecture, a covered front porch, and a well-established streetscape. Situated on a 0.50-acre parcel within walking distance to downtown shops, restaurants, schools, and local amenities, 139 Park Street offers a combination of in-place income and approved development potential. The existing structure is configured as four residential units and has been operated as a traditional multifamily property. The building presents as a stable, long-held asset with immediate cash flow and long-term investment appeal. The property's village setting, scale, and layout make it well suited for continued operation as a multifamily or for phased improvement over time. A key component of this offering is that local permits are in place to construct six additional residential units to the rear of the property. This provides meaningful expansion potential in a market where new housing supply is limited. A buyer may elect to operate the existing four units as-is, pursue the approved development, or hold the property as a long-term investment with embedded optionality. The site benefits from established utilities, longstanding access, and a configuration that supports future development subject to buyer due diligence. Listing broker is a member of the ownership LLC.
Location
State VT
County Vt-lamoille
Area Vt-Lamoille
Zoning HDR
Rooms
Basement Entrance Walkout
Basement Finished, Partially Finished, Exterior Access
Interior
Cooling None
Exterior
Utilities Available Cable Available
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public
Architectural Style Farmhouse
Construction Status Existing
Nearby Locations
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