$495,000

Estimated payment $3,425/month

Total Views 8,852
5 Beds
3 Baths
3,216 Sq Ft
$154 Price per Sq Ft

About This Home

VALUE ADD!!! Investment opportunity in Bristol, CT | 11-unit cash-flowing portfolio consisting of (one) 5-unit (one) 3-unit and (one) 3-unit w/ a garage + 1 additional unit being used for owner storage. 53 Norton is centrally adjacent to one another for ease of management and includes a 440 sq ft garage + 1-Room & 1-Bathroom w/ electric heat that is currently used for storage. 11-unit price is $1.6M and 14-unit price which includes the additional 3 units at 116 Divinity, Bristol is $1.9M. These properties MUST BE SOLD AS A PACKAGE: 52 Colony St, 53 Norton St, 6 Houghton, and 8 Houghton - 116 Divinity can be purchased at a discounted sale price with the portfolio. Ideal for a 1031 exchange or cash-flow investor looking for a low maintenance investment with minimal renovation needs, in a high-demand rental market. Actual income $204k/year with pro forma rents projected at $261k/year, offering a 7% actual-CAP and 9.8% proforma. Properties are in a good condition with gas and electric heat, plenty of off-street parking, and strong upside with below-market rents. Financials (rent roll, P&L, leases) available upon request with POF or Pre-Approval. Don't miss out on this rare opportunity in one of Bristol's strongest rental corridors.

Listing Agent

Shy Grahame

Berkshire Hathaway NE Prop. License #RES.0813469 Listed on: 06/20/2025

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,574

Year Built

  • Built in 1910

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Asphalt Shingled Roof
  • Concrete Siding
  • Masonry Siding
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 3,216 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 471439

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,574

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3216
  • Total Sq Ft: 3216
  • Year Built: 1910
  • New Construction: No/Resale
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Directions: Per GPS
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: Full
  • Attic: No
  • Street Number Modifier: 53
  • Other SqFt Description: 3216

Exterior Features

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

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Lot Info

  • Acres: 0.1
  • Lot Description: Level Lot
  • Zoning: R-15/R
  • Parcel #: 471439

Multi Family

  • Total Number Of Units: 3

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 8574
  • Total Assessed Value: 254030
  • Mil Rate Total: 33.75

MLS Schools

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

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
06/20/2025 06/20/25 For Sale $495,000 -- $154 / Sq Ft
Source: SmartMLS

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Source: SmartMLS

MLS Number: 24105152

SmartMLS

APN: BRIS 0058092