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3-Unit Apartment Building
For Sale
$399,000

46 Court Street, Morristown, VT 05661

Multi-Family, Morristown, VT

Property Size3,117 SF
Lot Size0.10 Acres
Price / SF$128.01
Days on Market43

Property Features for 46 Court Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Basement, Bathroom 1
Lot features In Town, Near Golf Course, Near Shopping, Neighborhood, Near Hospital, Near School(s)
Elementary school Morristown Elementary School
Middle school Peoples Academy Middle Level
High school Peoples Academy
Standard status Active
Size 3,117 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6913

Utilities

Heating system Baseboard, Oil
Water source Public

Amenities

laundry room

Building Details

Year built 1890
Floors in Building 3
Number of units 3
Building materials Wood Frame
Roof type Shingle
Architectural style Other
Listing Agency: BHHS Vermont Realty Group/Morrisville-Stowe · Berkshire Hathaway HomeServices
Listed By: Trombley & Day Group
Added: Jul 24 Changed: Sep 1 Last Checked: Sep 4 at 12:06AM
MLS# 5101586

Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This three-story triplex contains 3,117 square feet and is configured with one 1-bedroom apartment on the upper level and two 2-bedroom apartments below. Interior finishes include a combination of pine flooring and carpeting. The building also features some newer windows, foam insulation, an updated boiler, and a shared laundry room. Constructed in 1890, the property has wood-frame construction, a shingle roof, oil and baseboard heating, and public water service.

The 0.1-acre property is located at 46 Court Street in Morristown, within a central village neighborhood described as walkable and near schools, dining, and shopping. Residential zoning supports the existing apartment use, while the property’s established tenancy and rental history provide operating context for a multifamily buyer.

Key Highlights

  • 3,117‑square‑foot, three‑story triplex with three apartments
  • Unit mix includes one 1‑bedroom and two 2‑bedroom apartments
  • Shared laundry room for building occupants

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Storage Facility (Bike/Boat/Book/etc) Store Catering Service Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

561
Businesses Nearby

Demographics for 05661, VT

5,881
Population
3,276
Households
1.8
Avg Household Size
45
Median Age
40%
College-Educated
94%
High-School Grad
65.3 sq mi
ZIP Area
90
Density / Sq Mi
$65,057
Median Household Income
$40,781
Median Earnings
$1,176
Median Rent
$268,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-story wood-frame property with one one-bedroom and two two-bedroom apartments, plus a shared laundry room.
Where is this triplex located?
The property is located at 46 Court Street Morristown, VT.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3,117‑square‑foot, three‑story triplex with three apartments; Unit mix includes one 1‑bedroom and two 2‑bedroom apartments; Shared laundry room for building occupants
More about this property
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