
53 Norton St Bristol, CT 06010
West End/Bristol NeighborhoodEstimated payment $3,425/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/20/2025 06/20/25 | For Sale | $495,000 | -- | $154 / Sq Ft |
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