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24-26 Jersey Way, Morristown, VT 05661

Morristown
Local realty services provided by:CENTURY 21 TheOne
24-26 Jersey Way,Morristown, VT 05661
$3,995,000
  • - Beds
  • 15 Baths
  • 13,440 sq. ft.
  • Multi-family
  • Active
Listed by: aaron scowcroft
Office: northern vermont realty group802-393-9069
MLS#:5110520
Source:PrimeMLS

Price summary

  • Price:$3,995,000
  • Price per sq. ft.:$182.92

About this home

Rare opportunity to acquire a turnkey multifamily investment along with a shovel-ready development site in the heart of Morrisville, Vermont. This unique package includes a recently constructed 15-unit apartment building at 24 Jersey Way, as well as an adjacent parcel that is fully permitted with all major utilities and infrastructure already in place for an additional 8 units. Complete building plans are available, allowing a buyer to move forward with development immediately and capitalize on the property's future growth potential with minimal upfront hurdles. The existing 15-unit asset, built in 2024, offers investors modern construction, strong cash flow, and virtually no deferred maintenance. Each unit is equipped with an efficient ducted mini-split heating and cooling system, with air exchangers in each unit, while all-electric utilities throughout the building help streamline operations and reduce ongoing maintenance concerns. With an attractive projected capitalization rate of...

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Home facts

  • Year built:2024
  • Listing ID #:5110520
  • Added:48 day(s) ago
  • Updated:November 06, 2026 at 11:40 AM

Rooms and interior

  • Total bathrooms:15
  • Full bathrooms:15
  • Flooring:Carpet, Combination, Vinyl Plank
  • Basement Description:Bulkhead, Exterior Access, Gravel, No Tenant Access, Unfinished, Walk-up
  • Living area:13,440 sq. ft.

Heating and cooling

  • Cooling:Individual, Mini Split
  • Heating:Air to Air Heat Exchanger, Electric, Individual, Mini Split

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:2024
  • Building area:13,440 sq. ft.
  • Lot area:0.69 Acres
  • Levels:2 Story

Schools

  • High school:Lamoille UHSD #18
  • Middle school:Lamoille Middle School
  • Elementary school:Morristown Elementary School

Utilities

  • Sewer:Public Available

Finances and disclosures

  • Price:$3,995,000
  • Price per sq. ft.:$182.92
  • Tax amount:$40,012 (2026)

Features and amenities

  • Amenities:Underground

Parking

  • Parking description:Common/Shared, Paved Driveway
MLS LogoCopyright 2026 Prime MLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated November 6, 2026

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