661 Laporte Rd Morrisville, VT 05661
Estimated payment $11,818/month
About This Home
This well-maintained 9-unit multifamily property presents an excellent opportunity for investors or owner-occupiers seeking a stable income stream and/or a multi-unit living situation in Morrisville, Vermont. The property was built in 2022 and will offer low maintenance and modern energy efficiency for many years to come. 661 Laporte Road features a mix of one and two-bedroom units and offers a variety of attractive features. Contains four 1-bedroom, five 2-bedroom units, and it's fully occupied with quality tenants. Each unit has it's own washer/dryer and a secure, dedicated storage unit in the basement. Conveniently located near public transportation, schools, parks, shopping, and dining. Strong rental history, low vacancy rate, and excellent cash flow potential. Don't miss this opportunity to acquire a solid income-producing multifamily property. Schedule your private showing today! Listing agent is a member of the ownership LLC, CM Real Estate LLC.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,238
Year Built
- Built in 2022
Lot Details
- 0.59 Acre Lot
Parking
- Paved Parking
Home Design
- Farmhouse Style Home
- Concrete Foundation
- Wood Frame Construction
Interior Spaces
- Property has 2 Levels
- Basement
- Interior Basement Entry
Schools
- Morristown Elementary School
- Peoples Academy Middle Level
- Peoples Academy High School
Utilities
- Mini Split Air Conditioners
- Mini Split Heat Pump
- Separate Meters
- Individual Controls for Heating
- Underground Utilities
- Cable TV Available
Community Details
- 9 Units
- Gross Income $189,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $17,240 | $838,100 | $154,500 | $683,600 |
| 2023 | -- | $838,100 | $154,500 | $683,600 |
| 2022 | -- | $553,300 | $275,000 | $278,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/23/2026 01/23/26 | Pending | -- | -- | -- |
| 01/01/2026 01/01/26 | Off Market | $1,999,000 | -- | -- |
| 06/02/2025 06/02/25 | For Sale | $1,999,000 | -- | $305 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- |
Source: PrimeMLS
MLS Number: 5044087
APN: 414-129-13405
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