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18 Murray Street
Norwalk, Connecticut
$815,000 Price
5 Bedrooms  
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Photo 1 of 18 Murray Street, Norwalk, Connecticut, $815,000, Web #: 24046595Previous PhotoNext Photo1 of 21

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,...

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 property's 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.

Listing courtesy of Michael Church

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Norwalk, Connecticut
Type: House
Price: $815,000
Re Tax: $10,314
Date Listed: 9/16/2024
Approx. sqft: 2,048 sf
Web ID: 24046595

Info & Amenities

Type: Multi Family
Rooms: 9.0
Bedrooms: 5
Bathrooms: 2.0
Built: 1900

Map of Area for 18 Murray Street

Get to Know Norwalk

Norwalk and Rowayton are neighboring communities located in Fairfield County, Connecticut. Norwalk is a vibrant city with a mix of urban and suburban areas, while Rowayton is a charming coastal village within Norwalk. Both are rich with a variety of recreational, cultural, and living options, making them popular choices for residents seeking a coastal lifestyle with access to the conveniences of a metropolitan area. Real Estate: Norwalk and Rowayton offer a variety of real estate options to suit different preferences and budgets. In Norwalk, you can find a mix of single-family homes, townhouses, and apartments, with a wealth of waterfront properties along the Norwalk River and Long Island Sound. Rowayton, known for its seaside charm, features a mix of historic cottages, modern homes, and waterfront estates along winding, hilled roads. There are also several new developments rising in and around South Norwalk (SoNo), also known as the neighborhood’s downtown district. Shops and Dining: Norwalk and Rowayton offer a diverse selection of shops and dining options to cater to residents' and visitors' tastes. The SoNo district is known for its trendy boutiques, art galleries, and dining scene, offering a mix of international cuisines and local eateries. Rowayton has its own charming downtown area, offering boutiques, art studios, and specialty shops. You can also find waterfront restaurants and cafes with beautiful views of the Five Mile River and Long Island Sound.

More About Norwalk

Neighborhood Guide to NORWALK

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