18 Murray Street, Norwalk, Connecticut

$790,000

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5

Beds

2

Baths

2,048

Square feet

0.29

Acres

About 18 Murray Street

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.

Features of 18 Murray Street

MLS® # 24046595
Price $790,000
Bedrooms 5
Bathrooms 2.00
Full Baths 2
Square Footage 2,048
Acres 0.29
Year Built 1900
Type Multi-Family For Sale
Sub-Type 2 Family
Style Units on different Floors
Status Under Contract

Community Information

Address 18 Murray Street
Area Wolfpit
City Norwalk
County Fairfield
State Connecticut
Zip Code 06851

Amenities

Parking Spaces 1
Parking Detached Garage, Off Street Parking
# of Garages 2
Is Waterfront No
Waterfront Beach Rights
Has Pool No

Interior

Heating Baseboard, Hot Water, Electric, Oil, Propane
Cooling None
Fireplace No
Has Basement Yes
Basement Full, Unfinished, Storage, Interior Access, Walk-out, Concrete Floor

Exterior

Exterior Asbestos
Lot Description Treed, Level Lot, Sloping Lot
Roof Asphalt Shingle
Foundation Concrete, Stone

School Information

Elementary Per Board of Ed
Middle Per Board of Ed
High Norwalk

Additional Information

Date Listed September 16th, 2024
Days on Market 98
Zoning CD-1M
RE / Bank Owned No

Listing Details

OfficeMichael Church

Listing Map

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