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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

More Info

Basic Information

  • PricePerSqFt200.61

Building

  • Year Built1878
  • Building ConstructionOther, Vinyl Siding
  • StyleApartment Building, Multi-Family
  • Units6
  • # of 1 Bedrooms1
  • # of 2 Bedrooms3
  • # of 3+ Bedrooms1
  • Basement
    • Basement Stairs
    • Concrete Floor
    • Crawl Space
    • Dirt
    • Exterior Access
    • Exterior Stairs
    • Interior Access
    • Interior Stairs
    • Other
    • Storage Space
    • Unfinished
  • FoundationConcrete, Stone

Other

  • Taxes$12,697
  • Seasonal Y/NNo
  • Date Listed10/23/2026

Tax Information

  • Tax Year2026

Location

  • TownMorristown
  • StateVT
  • Zip05661
  • CountyLamoille
  • ZoningCentral Business
  • Address5 Park Street
  • Flood Zone Y/NNo

Exterior

  • RoofOther, Shingle

Utilities

  • Heat SystemBoiler
  • WaterPublic
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable at Site

Basic Information

  • StatusACT
  • List Price$1,125,000
  • Date Price Change10/23/2026
  • MLS Number5115565
  • MLS StatusActive

Property

  • Acreage0.4
  • GarageYes
  • Parking Spaces3
  • Lot Description
    • In Town
    • Level
    • Mountain View
    • Near Country Club
    • Near Golf Course
    • Near Hospital
    • Near Paths
    • Near School(s)
    • Near Shopping
    • Near Skiing
    • Near Snowmobile Trails
    • Sidewalks
    • Street Lights
    • Trail/Near Trail
    • View
    • Walking Trails
  • Square Feet5,608
  • APX Fin AG Sqft5,608
  • RoadsPaved, Public Maintained Road
  • AreaVT-Lamoille

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Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated October 24, 2026 7:08 AM EDT

 

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