$815,000
Active
2 Days Online
5 Beds2 Baths2,048 SQFT
Active

18 Murray Street Norwalk, CT 06851

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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.

  • Property TypeMulti-Family
  • NeighborhoodWolfpit
  • CountyFairfield
  • Taxes$10,314
  • HOA/Condo/Coop Fees$0
  • Days on Site1 Day
  • MLS StatusActive
  • MLS ID Number24046595
  • Home Size Source N/A
  • Year Built1900
  • Lot Size0.29 Acres
  • Full Baths2
  • Partial BathsN/A

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General Features

  • Style Units on different Floors
  • Construction Asbestos
  • Parking Detached GarageOff Street Parking
  • Parking Spaces 1
  • Sewer Public Sewer
  • Basement FullUnfinishedStorageInterior AccessWalk-outConcrete Floor
  • Acreage 0.29
  • Water Public
  • Property Sub Type Duplex
  • Garage Spaces 2
  • Attached Garage No
  • Foundation Concrete PerimeterStone
  • Zoning CD-1M

Interior Features

  • Cooling None
  • Heating ElectricOilPropaneBaseboardHot Water
  • Fireplaces 0
  • Laundry Features Basement Hook- Up(s)Basement hook ups for both units

Exterior Features

  • Roof Asphalt
  • Waterfront Property No
  • Waterfront Features Beach Rights
  • Lot TreedLevel LotSloping Lot

Schools

School District
Unknown
Elementary School
Per Board of Ed
Middle School
Per Board of Ed
High School
Norwalk

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Monthly Payment (Est.)

$3,993
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