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 propertyâ??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.
Turnkey Multi-Unit Investment on the Stowe Line. This fully furnished two-unit property sits on 2.09 acres with private driveways for each unit. The main unit is a 3-bedroom, 2-bathroom home updated in 2018 with in-unit laundry. A brand-new accessory apartment (2020) features an open layout with two rooms, both with legal egress so that you can use either as a bedroom or home office. Major updates include a new roof (2017), furnace (2018), hot water heater (2019), and new windows (2022) in both units. Outdoors, enjoy a large yard with apple trees and blueberry bushes, providing charm and seasonal enjoyment. In the winter, the home abuts the vast trail with a direct access point on the property. Strong gross cap rate while operated as long-term rental and has historically delivered higher returns when operated as a furnished short-term rental. Full rental records available upon request. With turnkey condition, multiple income streams, and a prime location near Stowe, this property is ideal for investors, multi-generational living, or anyone looking to offset their mortgage while enjoying Vermontâ??s charm. Listed by the owner, who is a licensed Realtor. Showing begin 12/13/2025
Morrisville 2 Unit Property with 2 car attached garage. Unit 1 (House) features kitchen/living/dining/den and 3/4 bath on the 1st floor and 4 bedrooms and full bath on 2nd floor. Also has a screened porch and unfinished basement. Unit 2 has a 1 bedroom apartment with deck located over the garage. Live in one unit and rent the other. Property in need of some repair. Located in the village and close to Copley Hospital, Copley Country Club, schools, restaurants and shopping. Only about 15 minutes to Stowe Village.
Step back in time and experience the charm and character of a bygone era with this unique multi-unit property, originally built in the 1800s for Dr. Tinker. This beautifully preserved historic brick home offers a rare opportunity to own a true piece of Vermont history. From the moment you enter, you'll be greeted by timeless details that echo the craftsmanship of the pastâ??woodwork, brickwork, and vintage touches that create a warm, inviting atmosphere. The home has been lovingly maintained with thoughtful updates that respect its heritage while enhancing modern comfort. Set on 17.3 picturesque acres less than 10 minutes from the heart of Stowe and Morristown, the property offers both beauty and potential. Mature trees, established flower gardens, and open green spaces surround the home, creating a peaceful and inspiring setting. An additional outbuilding, complete with water and heat, opens the door to endless possibilitiesâ??whether you envision a guest house, artist studio, or workshop. Whether you're looking to invest, create a multi-generational retreat, or simply fall in love with a one-of-a-kind property, this gem is ready to welcome your imagination and vision.
Listing Agent is a partner in Jersey Heights Residences LLC. Property is fully occupied Adjacent parcel is available and is fully permitted through Local Authority and Act 250, and improved with municipal water and sewer, underground power, sidewalks, paved driveway and parking for an additional 8 units. Separately listed at $489,000.00.
Morristown is located in Vermont. Morristown, Vermont has a population of 5,455. Morristown is less family-centric than the surrounding county with 12.58% of the households containing married families with children. The county average for households married with children is 26.53%.
The median household income in Morristown, Vermont is $58,621. The median household income for the surrounding county is $66,016 compared to the national median of $69,021. The median age of people living in Morristown is 36.6 years.
The average high temperature in July is 78.7 degrees, with an average low temperature in January of 4.7 degrees. The average rainfall is approximately 40.2 inches per year, with 97.8 inches of snow per year.
