Three-Story Apartment
New
For Sale
$1,125,000
5 Park Street, Morristown, VT 05661
Downtown property combines existing residential rentals, an owner-occupied residence, office space, and approved expansion plans.
Property Size5,608 SF
Price / SF$200.61
Days on Market5
Property Features for 5 Park Street
General Information
Standard status
Active
Size
5,608 SF
Property subtype
Multi-Family
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1878
Buildings
1
Stories
3
Listing Agency:
BHHS Vermont Realty Group/Morrisville-Stowe
Listed By:
Denise Trombley · License #24474
Source:
Welcomeaboderealty
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 26 at 1:16PM
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
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Investment Insights
Based on property information with market context.
This 5,608-square-foot, three-story apartment property was built in 1878. It currently contains four residential apartments, an owner-occupied residence with dedicated office space, and a three-car garage that generates income. The Development Review Board has approved construction of 14 additional residential apartments while retaining office space; the stated figures for the property's future apartment count are inconsistent, so no combined total is included.
Set in downtown Morrisville, the property is within walking distance of village amenities, schools, a golf course, and a hospital. The existing apartments and income-producing garage are part of the current configuration, alongside the approved residential expansion.
Set in downtown Morrisville, the property is within walking distance of village amenities, schools, a golf course, and a hospital. The existing apartments and income-producing garage are part of the current configuration, alongside the approved residential expansion.
Key Highlights
- 5,608 square feet across three stories
- Built in 1878
- Four existing residential apartments
Property Analytics
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Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Downtown property combines existing residential rentals, an owner-occupied residence, office space, and approved expansion plans.
Where is this apartment building located?
The property is located at 5 Park Street Morristown, VT.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 5,608 square feet across three stories; Built in 1878; Four existing residential apartments
