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Listed by Graham Mink • Mink Realty
$ 699,000
Est. payment | /mo
0.48 Acres Lot
$ 699,000
Est. payment | /mo
0.48 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5090627
Year Built 1983
Annual Tax Amount $5,283
Tax Year 2025
Lot Size 0.480 Acres
Acres 0.48
Property Description
485 Jersey Heights presents a rare, substantially shovel-ready residential investment opportunity in Morrisville. The property includes an existing 3-bedroom, 1-bath ranch-style single-family home plus approvals for a new 9-unit multifamily residential building on the rear portion of the property. The existing home offers immediate rental, owner-occupant, or interim income potential while the approved multifamily project is developed. The proposed rear building is approved for nine 1-bedroom residential units, creating a potential 10-unit residential property when combined with the existing single-family home. Zoning approval, state wastewater/potable water approval, subdivision/site documentation, and access-related permission/documentation are in place, subject to stated permit conditions. Site plan and permit package available for review. The property is located in Morristown's High Density Residential district and offers a compelling opportunity for a builder, investor, or developer seeking an approved small multifamily project in a tight rental market. Total unit count reflects the existing single-family residence plus the approved/proposed 9-unit multifamily building; only the single-family residence currently exists. Buyer to perform due diligence regarding permits, plans, approvals, construction costs, utility connections, and all municipal/state requirements. Listing Broker is a member of the ownership LLC.
Location
State VT
County Vt-lamoille
Area Vt-Lamoille
Zoning High Density Residential
Interior
Inclusions Building, Land/Building, Other
Exterior
Utilities Available Cable Available, Propane, Telephone Available
Waterfront Description No
View Y/N No
Water Access Desc No
View No
Roof Type Asphalt Shingle
Building
Sewer Public
Schools and Properties Nearby
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