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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
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
East Avenue to Olmstead
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
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 |
Hot Water System
Heat Type:
Fueled By: Hot Water.
Cooling: None
Fuel Tank Location:
Water Service: Public Water Connected
Sewage System: Public Sewer Connected
Elementary: Marvin
Intermediate:
Middle: Nathan Hale
High School: Norwalk
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
List Agent Name: Sonia Byrnes
List Office Name: William Raveis Real Estate