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Listed by Graham Mink • Mink Realty
$749,000
Est. payment /mo
4,293 SqFt
Price Dropped by $76K
139 Park ST Morristown, VT 05661
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,293 sqft
Price per Sqft $174
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 long-term upside. The existing structure is configured as four residential units and has been operated as a traditional multifamily property. The building represents a stable, income-producing asset with the potential for future improvement or repositioning over time. The property also includes local approvals for six additional residential units to the rear of the parcel. Implementation of this development plan will require further due diligence by a buyer, including confirming access and any related site considerations. This creates an opportunity for a buyer to explore expansion potential while maintaining the existing four-unit income stream. The site benefits from established utilities, a village setting, and a layout that supports multiple future use scenarios. 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
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