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Olmstead Place
Norwalk, Connecticut
$725,000 Price
1 Bedroom  
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Photo 1 of Olmstead Place, Norwalk, Connecticut, $725,000, Web #: 24088775Previous PhotoNext Photo1 of 24

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...

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

Listing courtesy of William Raveis Real Estate

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Norwalk, Connecticut
Type: House
Price: $725,000
Re Tax: $10,802
Date Listed: 4/23/2025
Last Updated: 4/25/2025
Approx. sqft: 3,055 sf
Web ID: 24088775

Info & Amenities

Type: Multi Family
Rooms: 7.0
Bedrooms: 1
Bathrooms: 3.0
Built: 1947
Woodburning fireplaces: 1

Get to Know Norwalk

Norwalk and Rowayton are neighboring communities located in Fairfield County, Connecticut. Norwalk is a vibrant city with a mix of urban and suburban areas, while Rowayton is a charming coastal village within Norwalk. Both are rich with a variety of recreational, cultural, and living options, making them popular choices for residents seeking a coastal lifestyle with access to the conveniences of a metropolitan area. Real Estate: Norwalk and Rowayton offer a variety of real estate options to suit different preferences and budgets. In Norwalk, you can find a mix of single-family homes, townhouses, and apartments, with a wealth of waterfront properties along the Norwalk River and Long Island Sound. Rowayton, known for its seaside charm, features a mix of historic cottages, modern homes, and waterfront estates along winding, hilled roads. There are also several new developments rising in and around South Norwalk (SoNo), also known as the neighborhood’s downtown district. Shops and Dining: Norwalk and Rowayton offer a diverse selection of shops and dining options to cater to residents' and visitors' tastes. The SoNo district is known for its trendy boutiques, art galleries, and dining scene, offering a mix of international cuisines and local eateries. Rowayton has its own charming downtown area, offering boutiques, art studios, and specialty shops. You can also find waterfront restaurants and cafes with beautiful views of the Five Mile River and Long Island Sound.

More About Norwalk

Neighborhood Guide to NORWALK

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