Morristown, VT | 177 Summer Street

Christie's International Real Estate
$499,000
MLS#: 5116039
2
# of Units
3,069
Total Sq Ft
0.25
Acres
$7,493
Taxes
General Property Information
Property Status
Active
Price
$499, 000
Property Type
Multi-Family
County
VT-Lamoille
Agency / Brokerage
Robert Foley
Flat Fee Real Estate
List Date
10/27/2026 8:00 PM
Acres
0.25
# of Units
2

Description

Excellent owner-occupant opportunity! Live in one spacious 3-bedroom, 2-bath unit while generating immediate rental income from the other. One unit is currently rented at $2, 300 per month, while the second unit is available for an owner to occupy at closing. This well-maintained duplex offers an attractive alternative to purchasing a single-family home, allowing rental income from the second unit to help offset the cost of homeownership. Also well suited for an investor seeking a two-unit property with strong rental potential. Located at 177 Summer Street in Morrisville, this property combines comfortable living spaces with the flexibility and financial advantages of a multifamily home. The available unit features a generous three-bedroom layout with two full baths and plenty of room for everyday living. A spacious kitchen provides ample cabinetry, counter space, and room to gather, while the adjoining living and dining areas offer an open, comfortable setting for entertaining or relaxing at home. Updated flooring and finishes add to the move-in-ready feel. The well-proportioned bedrooms provide excellent flexibility for family, guests, or a home office, including a spacious primary bedroom. Outdoor living is enhanced by a covered side deck overlooking the sizable backyard, offering room for recreation, gardening, pets, or simply enjoying the outdoors. An attached garage provides convenient covered parking along with additional storage. With one unit already producing $2, 300 per month in rental income and the second ready for occupancy, this is a compelling opportunity for buyers looking to reduce their monthly housing expense through rental income while building equity in a multifamily property. Investors will also appreciate the established tenancy and potential for long-term rental income. Owner-Occupant Opportunity – Live in One, Rent the Other.

Map

Town Market Snapshot

Source: Data provided by PrimeMLS, graph generated by Pall Spera Company

Affordability Estimate

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Features
# of Units
2
Year Built
1880
Road Frontage
0
Gross Income
$55,200
# of Electric Meters
2
Sq Ft (Above Ground)
3,069
Sq Ft (Below Ground)
0
Total Sq Ft
3,069
Land Description
Neighborhood
Elementary School
Morristown Elementary School
Middle School
Peoples Academy Middle Level
High School
Peoples Academy
Taxes
$7,493
Unit Information

Unit 1

# Rooms
0
# Bedrooms
3
# Baths
2
Sq. Ft.
0
Monthly Rent
$2,300

Unit 2

# Bedrooms
3
# Baths
2
Sq. Ft.
0
Monthly Rent
$2,300

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