
2 Olmstead Place Norwalk, CT 06855
East Norwalk NeighborhoodEstimated payment $4,918/month
Highlights
- Beach Access
- 1 Fireplace
- Public Transportation
- Property is near public transit
- Balcony
- Hot Water Circulator
About This Home
Sound Investment Opportunity in East Norwalk. This mixed-use property is located in a prime location in East Norwalk, just a short walk to the train station and conveniently close to highways, beaches, and shopping. The building consists of four well-maintained units: two residential apartments, one commercial garage space and one large storage space. All units are currently tenant-occupied, ensuring a seamless transition for the new owner. The first-floor, one-bedroom apartment features a newly remodeled interior with a spacious living room, hardwood floors, built-in bookshelves, and a wood-burning fireplace. The modern kitchen is equipped with stainless steel appliances and provides access to the yard. The fully tiled bathroom includes a large shower and stackable washer and dryer. The bedroom offers a generous walk-in closet and a window for natural light. On the second floor, a studio apartment offers a comfortable living space with hardwood floors, access to the yard, and a private balcony. The commercial space is a two-bay garage with high ceilings and ample storage, ideal for a variety of uses. Fourth unit is a partially finished space, which is currently deemed as storage use only. However, new owner could potentially convert into a fourth residential unit; this is subject to town approval. This is an outstanding opportunity for investors seeking a well-located property with stable rental income and future potential for growth. SOLD AS IS
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,965
Year Built
- Built in 1947
Lot Details
- 5,227 Sq Ft Lot
- Level Lot
Parking
- 2 Car Garage
Home Design
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1 Fireplace
- Unfinished Basement
- Partial Basement
Bedrooms and Bathrooms
- 1 Bedroom
Outdoor Features
- Beach Access
- Balcony
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
- Property is near shops
Schools
- Marvin Elementary School
- Nathan Hale Middle School
- Norwalk High School
Utilities
- Hot Water Heating System
- Heating System Uses Natural Gas
- Hot Water Circulator
Community Details
- 4 Units
- Public Transportation
- Gross Income $77,400
Listing and Financial Details
- Assessor Parcel Number 230788
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 |
---|---|---|---|---|
2025 | $10,965 | $458,780 | $247,010 | $211,770 |
2024 | $10,802 | $458,780 | $247,010 | $211,770 |
2023 | $9,781 | $389,900 | $225,210 | $164,690 |
2022 | $9,570 | $389,900 | $225,210 | $164,690 |
2021 | $9,346 | $389,900 | $225,210 | $164,690 |
2020 | $9,340 | $389,900 | $225,210 | $164,690 |
2019 | $9,091 | $389,900 | $225,210 | $164,690 |
2018 | $8,179 | $307,410 | $154,850 | $152,560 |
2017 | $7,895 | $307,410 | $154,850 | $152,560 |
2016 | $7,821 | $307,410 | $154,850 | $152,560 |
2015 | $7,799 | $307,410 | $154,850 | $152,560 |
2014 | $7,698 | $307,410 | $154,850 | $152,560 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/20/2025 06/20/25 | Pending | -- | -- | -- |
04/25/2025 04/25/25 | For Sale | $725,000 | -- | $237 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $75,000 | -- | |
Warranty Deed | $300,000 | -- | |
Warranty Deed | $75,000 | -- |
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Source: SmartMLS
MLS Number: 24088775

APN: NORW-000001-000050-000002
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