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    661 Laporte Rd Morristown, VT 05661

    For Sale
    $1,999,000

    Well-maintained 9-unit multifamily property built in 2022 in Vermont.

    Lot size:
    0.59 Acres

    Property Features for 661 Laporte Rd

    General Information

    Lot size
    0.59 Acres

    Building Details

    Year built
    2022

    Source: Mink Realty Agent Graham Mink

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newer Multifamily Property in Morrisville

    This well-maintained 9-unit multifamily property, constructed in 2022, is located in Morrisville, Vermont. It presents an opportunity for investors or owner-occupiers. The property features a mix of one and two-bedroom units, specifically four 1-bedroom units and five 2-bedroom units. Each unit is equipped with its own washer and dryer, and a secure, dedicated storage unit is located in the basement. The property is fully occupied with tenants. Its location offers convenient access to public transportation, schools, parks, shopping, and dining. The property offers low maintenance and modern energy efficiency.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Lamoille
    State
    Vermont
    Longitude
    -72.6091902
    Latitude
    44.5572459

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 9-unit multifamily property built in 2022 in Vermont.
    Where is this apartment building located?
    The property is located at 661 Laporte Rd Morristown, VT.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: - Built in 2022, offering low maintenance and modern energy efficiency.; - Fully occupied with quality tenants, ensuring immediate income.; - Mix of one and two-bedroom units providing diverse rental options.
    (802) 505-6633
    Request Owner's contact information
    661 Laporte Rd Morristown, VT 05661
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    Morristown, VT 05661
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    661 Laporte Rd Morristown, VT 05661
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