98 days on market
Under Contract
More about this Property

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18 Murray Street, Norwalk CT 06851

Current Price: $790,000

5 beds 2 baths 2048 sq. ft

Last Update: 12/26/2024

Property Type: Multi-Family For Sale

Public Remarks

A 2-family investment property with 2,048 square feet and a freestanding 2-car garage on 0.29 acres. Located in the desirable Wolfpit neighborhood, this property is one of the few in the area zoned for multifamily use. It is fully leased, generating $5,638 in monthly gross rents, totaling $69,420 annually, with an estimated net operating income (NOI) of $49,726. The property benefits from assumable debt at a 4.125% fixed interest rate, offering a compelling investment opportunity in a high-interest rate environment. The property has undergone significant upgrades, including kitchen and bathroom renovations, landscaping, and improved pathways. The well-maintained units are occupied by high-income tenants and benefit from ample parking. Additional income is earned from leasing the garage partially. The propertys location provides easy access to local favorites and cultural destinations. 18 Murray Street is ideal for both first-time and experienced investors looking to expand their portfolio with a turnkey asset.

Map to Property at 18 Murray Street, Norwalk CT 06851


Newtown Avenue to Murray Street. House on Left

Residential Property Information for 18 Murray Street, Norwalk CT 06851

MLS #: 24046595

Style: Units on different Floors

Color: Tan

Total Rooms:

Bedrooms: 5

Bathrooms: 2

Acres: 0.29

Year Built: 1900 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $10,314

Zoning: CD-1M

Mil Rate:

Assessed Value: $437,180 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 2048; below grade sq feet total is ; total sq ft is 2048

Features
Laundry Location & Info: Basement Hook-Up(s)  Basement hook ups for both units
Fireplaces: 0
Basement Desc.: Full,Unfinished,Storage,Interior Access,Walk-out,Concrete Floor
Exterior Siding: Asbestos
Foundation: Concrete,Stone
Roof: Asphalt Shingle
Parking Spaces: 2
Garage/Parking Type: Detached Garage,Off Street Parking
Swimming Pool: 0
Waterfront Feat.: Beach Rights
Lot Description: Treed,Level Lot,Sloping Lot
Occupied: Tenant
Utility Information

Hot Water System Oil,Propane,Domestic

Heat Type: Baseboard,Hot Water

Fueled By: Electric,Oil,Propane.

Cooling: None

Fuel Tank Location: In Basement

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Per Board of Ed

Intermediate:

Middle: Per Board of Ed

High School: Norwalk

Marketing History

Current List Price: $790,000

Original List Price: $815,000

DOM: 98

Listing Date: 9/16/2024

Last Updated: 12/23/2024 2:36:31 PM

Listing Agent and Broker

List Agent Name: Michael Church

List Office Name: Michael Church