18 Murray Street Active Save Request In-Person Tour Request Virtual Tour
Norwalk,CT 06851
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,048 sqft
Price per Sqft $397
MLS Listing ID 24046595
Style Units on different Floors
Bedrooms 5
Full Baths 2
Year Built 1900
Annual Tax Amount $10,314
Lot Size 0.290 Acres
Property Description
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.
Location
State CT
County Fairfield
Zoning CD-1M
Rooms
Basement Full,Unfinished,Storage,Interior Access,Walk-out,Concrete Floor
Interior
Heating Baseboard,Hot Water
Cooling None
Exterior
Garage Detached Garage,Off Street Parking
Garage Spaces 2.0
Waterfront Description Beach Rights
Roof Type Asphalt Shingle
Building
Lot Description Treed,Level Lot,Sloping Lot
Foundation Concrete,Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
Middle Schools Per Board Of Ed
High Schools Norwalk