18 Murray
Norwalk, CT 06851
- 5 beds
- 2 baths
- 2,048 sqft
- 12,632 sqft lot
- $385 per sqft
- 1900 build
- – on site
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.
Last checked:
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Last updated Nov 21, 2024
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MLS# 24046595 —
The Building
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Year Built:1900
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Year Built Source:Public Records
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New Construction Type:No/Resale
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Style:Units on different Floors
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Roof Information:Asphalt Shingle
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Attic:No
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Exterior Siding:Asbestos
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Foundation Type:Concrete, Stone
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Basement Description:Full, Unfinished, Storage, Interior Access, Walk-out, Concrete Floor
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SqFt Total:2048
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SqFt Est Heated Above Grade:2048
Interior
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Laundry Room:Basement Hook-Up(s)
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Laundry Room Location:Basement hook ups for both units
Location
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Directions:Newtown Avenue to Murray Street. House on Left
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Neighborhood:Wolfpit
The Property
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Parcel Number:240372
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Property Type:Multi-Family For Sale
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Property Subtype:2 Family
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Zoning:CD-1M
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Acres:0.29
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Acres Source:Public Records
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Lot Description:Treed, Level Lot, Sloping Lot
Listing Agent
- Contact info:
- Agent phone:
- (203) 354-0213
Taxes
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Tax Year:July 2024-June 2025
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Property Taxes:10314
Beds
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Beds Total:5
Baths
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Total Baths:2
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Full Baths:2
Heating & Cooling
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Heat Type:Baseboard, Hot Water
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Heat Fuel Type:Electric, Oil, Propane
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Cooling System:None
Utilities
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Water Source:Public Water Connected
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Sewage System:Public Sewer Connected
Schools
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Elementary School:Per Board of Ed
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Middle Or Jr High School:Per Board of Ed
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High School:Norwalk
The Community
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Swimming Pool:No
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Direct Waterfront:No
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Waterfront Description:Beach Rights
Parking
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Garage/Parking:Detached Garage, Off Street Parking
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Garages Number:2
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Parking Total Spaces:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/20/24
Nov 20, 2024
|
Price Changed | SMART_MLS | $790,000 | -3.1% |
|
9/16/24
Sep 16, 2024
|
Listed / Active | SMART_MLS | $815,000 | 37.0% (15.0% / YR) |
|
4/1/22
Apr 1, 2022
|
SMART_MLS | $595,000 | 38.4% (6.2% / YR) |
