$950,000

Estimated payment $6,260/month

5 Beds
3 Baths
7,320 Sq Ft
$130 Price per Sq Ft

About This Home

A remarkable opportunity to acquire a mixed-use income property in Norwalk. 263 Main Avenue presents four income-producing units - three residential apartments and a street-level commercial space - all operating on month-to-month tenancies, offering an incoming owner maximum flexibility to optimize rents and reposition the asset. Situated on busy Main Avenue with excellent visibility and foot traffic, this property is ideally suited for the savvy investor seeking immediate cash flow with significant upside potential. Whether you choose to hold, renovate, or restructure, this property delivers day-one income and a clear path to a higher cap-rate.

Listing Agent

Jennifer McDade

BHHS Darien/New Canaan Brokerage Phone: (917) 816-3283 License #RES.0826376 Listed on: 04/29/2026

BHHS Darien/New Canaan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,670

Year Built

  • Built in 1920

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Shingled Roof
  • Block Exterior
  • Vinyl Siding

Interior Spaces

  • Concrete Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 246319

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,670

Year Built

Built in 1920

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3660
  • Sq Ft Est Heated Below Grade: 3660
  • Total Sq Ft: 7320
  • Year Built: 1920
  • New Construction: No/Resale
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Directions: GPS
  • Street Type: Avenue
  • Office Attribution Contact: (203) 655-5114
  • Reserve Prospect: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: Partial, Unfinished, Concrete Floor, Full With Hatchway, Partial With Walk-Out
  • Attic: No

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Brick, Block

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Gas on Gas
  • Hot Water Description: Natural Gas, Tank Size Unknown
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.24
  • Lot Description: Level Lot
  • Zoning: B2
  • Parcel #: 246319

Multi Family

  • Total Number Of Units: 3

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 14670

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Per Board of Ed

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2026 04/29/26 For Sale $950,000 -- $130 / Sq Ft
Source: SmartMLS

Source: SmartMLS

MLS Number: 24171361

SmartMLS

APN: NORW-000005-000047-000005

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