USAVTMorristown24-26 Jersey Way
Listing image | Image 1

24-26 Jersey Way, Morristown, VT

House

For Sale

Listed price in listed location currency (USD).
$4,395,000

000

MLS® 5096508

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $41,525
Days Active 0
Lot Size 0.69 Acres
Approx. Age 2024
MLS® Number 5096508

Property Address: 24-26 Jersey Way, Morristown, VT, 05661

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

Description

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 approximately 7.25% (excluding professional management expenses), the property presents a compelling investment opportunity for both seasoned and first-time multifamily investors alike. Professional vendors and service providers are already in place, creating a truly turnkey ownership experience from day one. Whether your strategy is to hold a stabilized income-producing asset, expand your portfolio through additional development, or pursue both simultaneously, this offering provides the rare combination of immediate returns and long-term upside in one of Vermont's growing rental markets.
MLS® Number5096508
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2024
BasementBulkhead, No Tenant Access
DrivewayOn-Site, Paved, Unassigned, EV Charging Station(s)
Garage Spaces
HeatElectric, Forced Air, Mini Split
A/CMini Split

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 24, 2026List Date
$4,395,000List Price
  • Commute

Commute

Starting Address
Destination Address
24-26 Jersey Way, Morristown, VT

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