Morristown, VT 05661,139 Park ST
Morristown, VT 05661,139 Park ST
Morristown, VT 05661,139 Park ST
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Listed by Graham Mink • Mink Realty
$825,000
Est. payment /mo
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4,293 SqFt
New

139 Park ST Morristown, VT 05661

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Ryan Baker

Ryan Baker

+1(973) 294-0742

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,293 sqft

Price per Sqft $192

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 approved development potential. The existing structure is configured as four residential units and has been operated as a traditional multifamily property. The building presents as a stable, long-held asset with immediate cash flow and long-term investment appeal. The property's village setting, scale, and layout make it well suited for continued operation as a multifamily or for phased improvement over time. A key component of this offering is that local permits are in place to construct six additional residential units to the rear of the property. This provides meaningful expansion potential in a market where new housing supply is limited. A buyer may elect to operate the existing four units as-is, pursue the approved development, or hold the property as a long-term investment with embedded optionality. The site benefits from established utilities, longstanding access, and a configuration that supports future development subject to buyer due diligence. 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

PrimeMLS

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 5
  • 6

    Peoples Academy Middle School

    Public | 5 - 8

  • 5

    Morristown Elementary School

    Public | PK - 4

  • 4

    Hyde Park Elementary School

    Public | PK - 6

  • 0

    Bishop John a Marshall School

    Private | PK - 8

  • 0

    Lake Elmore School

    Public | 1 - 3

Middle Schools 1
  • 4

    Lamoille Union Middle School

    Public | 7 - 8

High Schools 3
  • 8

    Peoples Academy

    Public | 9 - 12

  • 1

    Lamoille Uhsd #18)

    Public | 9 - 12

  • 0

    Lamoille Valley Learning Together

    Private | 12 - 12

School and business data provided by Attom Data.

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Ryan Baker

Ryan Baker

Sales Associate | License ID: 1970699

+1(973) 294-0742

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