- beds
- —
- baths
- —
- sq ft
- —
- Built
- 1983
485 Jersey Heights
Morristown, VT 05661
Commercial Sale · Active · MLS #5090627
Listing Courtesy of Mink Realty | Graham Mink, Kelley Ruane
The home
About this home
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.
Property information
Details at a glance
Building3 property facts
- Style
- Other
- Year built
- 1983
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.48 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- High Density Residential
Financial2 property facts
- Annual taxes
- $5,284
- Assessment year
- 2025
Plan your purchase
Estimated monthly cost
Explore costs at the $599,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,469 / monthAdjust
- Principal & interest
- $3,029
- Property tax
- $440
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $5,284. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Listing history
Price and status timeline
No additional listing history is available for public display.
Compare with confidence
Price & market context
See how this home compares with active listings in Morristown.
| Metric | This home | Local listings |
|---|---|---|
| List price | $599,000 | $599,000Near the local benchmark |
| Price / sq ft | — | — |
| Days on market | 87 | 29200% above local |
Active city listing statistics from PrimeMLS as of September 12, 2026. Asking prices are not completed-sale values.
Keep exploring
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Common questions
About 485 Jersey Heights
Can I request a private showing?
Request a tour of 485 Jersey Heights and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
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