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Three-Unit Apartment Building
For Sale
$399,000

46 Court Street, Morristown, VT 05661

Well-maintained three-story triplex features two 2-bedroom units and one 1-bedroom unit, with in-building laundry.

Property Size3,117 SF
Price / SF$128.01
Days on Market38

Property Features for 46 Court Street

General Information

Standard status Active
Size 3,117 SF
Property subtype Multi-family

Additional Details

Multifamily Units 3

Amenities

laundry room

Building Details

Year Built 1890
Stories 3
Listing Agency: BHHS Vermont Realty Group/Morrisville-Stowe
Listed By: Trombley & Day Group
Source: Bigislandre
Added: Jul 18 Changed: Aug 23 Last Checked: Aug 5 at 10:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Vermont Realty Group/Morrisville-Stowe

Investment Insights

Based on property information with market context.

This well-maintained three-story apartment building offers three rental units in a straightforward layout: one 1-bedroom apartment on the third floor and two 2-bedroom apartments on the first and second floors. Interiors include a mix of pine floors and carpeting. The property also features some newer windows, foam insulation, and a newer boiler. An added convenience for tenants is the on-site laundry room.

Located in an accessible Morrisville-area neighborhood, the building is described as being in a central village setting with a walkable environment and proximity to schools, dining, and shopping.

With established tenancy and a proven rental history as described, this is a multi-unit income property configured as a 3-unit triplex.

Key Highlights

  • Well‑maintained 3‑unit, 3‑story apartment building built in 1890
  • Unit mix: one 1‑bedroom unit (3rd floor) and two 2‑bedroom units (1st and 2nd floors)
  • In‑building laundry room for tenants

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
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Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained three-story triplex features two 2-bedroom units and one 1-bedroom unit, with in-building laundry.
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: Well‑maintained 3‑unit, 3‑story apartment building built in 1890; Unit mix: one 1‑bedroom unit (3rd floor) and two 2‑bedroom units (1st and 2nd floors); In‑building laundry room for tenants
More about this property
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