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Listed by Denise Trombley with BHHS Vermont Realty Group/Morrisville-Stowe 802-888-0021
0 Beds
0 Baths
5,608 sqft

$1,125,000

5 Park Street, Morristown VT, 05661

Price per sqft$200.61
Built in1878
Property size5,608 sqft
Property typeMulti-family

Overview

Active

Listed Oct 23, 2026

Updated 30h ago

The Governor's Mansion. Capitalize on this rare opportunity! This is an exceptional investment opportunity featuring 19 potential residential apartments and one office space. The Governor’s Mansion is a well maintained three story property in the heart of downtown Morrisville, Vermont. Currently generating income from the three car garage, four residential apartments with an owner occupied residence that incorporates dedicated office space. The property has DRB approval for construction of 14 additional residential apartments, creating the opportunity to expand to 19 residential apartments while retaining the existing office space. This property offers a unique opportunity for investors, developers, or an owner occupant to live and work in downtown Morrisville while benefiting from rental income and future development potential. Its central downtown location, within walking distance of village amenities, schools, golf course and hospital, offers convenient access to everyday services and supports the property's long term investment potential. Position your next investment for growth. With existing income, DRB approved expansion potential and a desirable downtown location, the Governor's Mansion offers investors the opportunity to increase rental revenue and build long term value. Property is Broker Owned

$7,485/mo

Est. mortgage payment based on a $1,125,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5115565

Interior Features

Bedrooms
0
Bathrooms
0
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.4 Acres

Other Property Details

Taxes
$12,697
Tax Frequency
Annually
Garage
Yes
View
Yes
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Listed by Denise Trombley with BHHS Vermont Realty Group/Morrisville-Stowe 802-888-0021

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