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Listed price in listed location currency (USD).
$699,000

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MLS® 5090627

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1983
MLS® Number 5090627

Property Address: 485 Jersey Heights Road, Morristown, VT, 05661

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number5090627
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1983
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 23, 2026List Date
$699,000List Price
  • Commute

Commute

Starting Address
Destination Address
485 Rd, Morristown, VT

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