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Property Description

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
: Baseboard, Hot water
: Unfinished, Concrete floor, Full, Interior access, Walk-out, Storage
: Asphalt shingle
: Detached garage, Off street parking
Address Map
US
CT
Fairfield
Norwalk
06851
Murray
18
0
E0° 0' 0''
N0° 0' 0''
MLS Addon
Newtown Avenue to Murray Street. House on Left
: Beach rights
: Public water connected
1
Norwalk
Per Board of Ed
$0
2
: Propane, Oil, Electric
Michael Church
13806
Michael Church
: No/resale
1
240372
: Public sewer connected
July 2024-June 2025
0
2
0
0
Units on different Floors
CD-1M

Listing courtesy of Michael Church from Michael Church

Multi-family For Sale

18 Murray, Norwalk, Connecticut 06851

5 Bedrooms
2 Bathrooms
2,048 Sqft
$815,000
Listing ID #24046595
Basic Details
Property Type : Multi-family For Sale
Listing ID : 24046595
Price : $815,000
Bedrooms : 5
Baths Total : 2
Bathrooms : 2
Half Bathrooms : 0
Square Footage : 2,048 Sqft
Year Built : 1900
Lot Area : 0.29 Acre
Status : Active
Property Sub Type : 2 Family
Agent/Office Info
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