$725,000
PENDING

Estimated payment $4,918/month

Total Views 1,498
1 Bed
2.5 Baths
3,055 Sq Ft
$237 Price per Sq Ft

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

Listing Agent

Sonia Byrnes

William Raveis Real Estate License #RES.0796002 Listed on: 04/23/2025

William Raveis Real Estate

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,965

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Neighborhood: East Norwalk
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2505
  • Sq Ft Est Heated Below Grade: 550
  • Total Sq Ft: 3055
  • Year Built: 1947
  • New Construction: No/Resale
  • Nearby Amenities: Commuter Bus, Library, Medical Facilities, Park, Public Rec Facilities, Public Transportation, Shopping/Mall
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: East Avenue to Olmstead
  • Living Area Sq Ft Per Public Record: 1385
  • Street Type: Place
  • Special Features: None

Interior Features

  • Total Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Partial, Unfinished
  • Laundry Room Info: Hook-Up In Unit 1
  • Attic: No
  • Street Number Modifier: 2
  • Other SqFt Description: 2505 includes the garage and 2 residential units

Exterior Features

  • Exterior Features: Balcony, Gutters, Lighting
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Garage And Parking: Attached Garage

Utilities

  • Cooling System: None
  • Heat Type: Hot Water
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Marvin
  • Middle School: Nathan Hale
  • High School: Norwalk

Lot Info

  • Acres: 0.12
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: B
  • Parcel #: 230788

Multi Family

  • Gross Annual Income: 77400
  • Net Operating Income: 62400
  • Total Number Of Units: 4

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 10965
  • Total Assessed Value: 458780
  • Mil Rate Total: 23.9

MLS Schools

  • Elementary School: Marvin
  • Middle Jr High School: Nathan Hale
  • High School: Norwalk

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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
Source: SmartMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $75,000 --
Warranty Deed $300,000 --
Warranty Deed $75,000 --
Source: Public Records

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Source: SmartMLS

MLS Number: 24088775

SmartMLS

APN: NORW-000001-000050-000002