For Sale
$1,995,000

14 Fairfield AveNorwalk, CT 06854

Eight-Unit Apartment Complex, High Potential

Overview

Added:
Feb 3
Days on market:
62
This exceptional eight-unit apartment complex presents a lucrative investment opportunity in the vibrant South Norwalk (SoNo) neighborhood of Norwalk, Connecticut. Situated on a 0.34-acre lot at 14 Fairfield Avenue, this 6,163 square foot property boasts a prime location, offering unparalleled convenience and accessibility. The building comprises four two-bedroom, one-bathroom units (each with five rooms), three additional two-bedroom, one-bathroom units (each with four rooms), and a single one-bedroom, one-bathroom unit (with three rooms). Currently, rental income is significantly below market value, presenting a substantial opportunity for immediate and future returns on investment. The property's strategic location places it within a half-mile radius of key amenities, including the South Norwalk Train Station, the heart of SoNo's bustling downtown area, various grocery stores and restaurants, attractive parks, and major transportation arteries such as I-95 and the Route 7 Connector. Furthermore, the proximity to The SoNo Collection, a premier shopping destination, adds to the property's desirability and potential for attracting high-quality tenants. This is a rare chance to acquire a well-situated multi-family property with considerable upside potential in a thriving Connecticut market. The property is offered at $1,995,000.

Property Details for 14 Fairfield Ave

Property type
Square Feet
6,163 SF
Year Built
1900
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Norwalk
County
Fairfield
State
Connecticut
Latitude
41.10078
Longitude
-73.4239
14 Fairfield Ave, Norwalk, Connecticut

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14 Fairfield Ave
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