54 days on market
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2 Olmstead Place, Norwalk CT 06855

Current Price: $725,000

1 beds 3 baths 3055 sq. ft

Last Update: 6/18/2025

Property Type: Multi-Family For Sale

Public Remarks

Sound Investment Opportunity in East Norwalk. This mixed-use property is located in a prime location in East Norwalk, just a short walk to the train station and conveniently close to highways, beaches, and shopping. The building consists of four well-maintained units: two residential apartments, one commercial garage space and one large storage space. All units are currently tenant-occupied, ensuring a seamless transition for the new owner. The first-floor, one-bedroom apartment features a newly remodeled interior with a spacious living room, hardwood floors, built-in bookshelves, and a wood-burning fireplace. The modern kitchen is equipped with stainless steel appliances and provides access to the yard. The fully tiled bathroom includes a large shower and stackable washer and dryer. The bedroom offers a generous walk-in closet and a window for natural light. On the second floor, a studio apartment offers a comfortable living space with hardwood floors, access to the yard, and a private balcony. The commercial space is a two-bay garage with high ceilings and ample storage, ideal for a variety of uses. Fourth unit is a partially finished space, which is currently deemed as storage use only. However, new owner could potentially convert into a fourth residential unit; this is subject to town approval. This is an outstanding opportunity for investors seeking a well-located property with stable rental income and future potential for growth. SOLD AS IS

Map to Property at 2 Olmstead Place, Norwalk CT 06855


East Avenue to Olmstead

Residential Property Information for 2 Olmstead Place, Norwalk CT 06855

MLS #: 24088775

Style: Units on different Floors

Color: Beige

Total Rooms:

Bedrooms: 1

Bathrooms: 3

Acres: 0.12

Year Built: 1947 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $10,802

Zoning: B

Mil Rate:

Assessed Value: $458,780 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 2505; below grade sq feet total is 550; total sq ft is 3055

Features
Laundry Location & Info: Hook-Up In Unit 1 
Fireplaces: 1
Basement Desc.: Partial,Unfinished
Exterior Siding: Vinyl Siding
Exterior Features: Balcony,Gutters,Lighting
Foundation: Concrete
Roof: Asphalt Shingle
Parking Spaces: 2
Garage/Parking Type: Attached Garage
Swimming Pool: 0
Waterfront Feat.: Beach Rights
Lot Description: Level Lot
Nearby Amenities: Commuter Bus,Library,Medical Facilities,Park,Public Rec Facilities,Public Transportation,Shopping/Mall
In Flood Zone: 0
Occupied: Tenant
Utility Information

Hot Water System

Heat Type:

Fueled By: Hot Water.

Cooling: None

Fuel Tank Location:

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Marvin

Intermediate:

Middle: Nathan Hale

High School: Norwalk

Marketing History

Current List Price: $725,000

Original List Price: $725,000

DOM: 54

Listing Date: 4/23/2025

Last Updated: 4/28/2025 10:10:51 PM

Expected Active Date: 4/25/2025

Listing Agent and Broker

List Agent Name: Sonia Byrnes

List Office Name: William Raveis Real Estate