18 Murray Street

Norwalk, CT 06851

$815,000
Price
5
Beds
2
Baths
2,048 Sq. Ft.
$398 / Sq. Ft.
2,048
Sq. Ft.
$398
per Sq. Ft.

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...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.
  1. Listed by Michael Church • Michael Church
    P: (203) 952-0015 C: (203) 952-0015 mchurch.realestate@gmail.com

Property Details for 18 Murray Street

Basement Description
Full, Unfinished, Storage, Interior Access, Walk-out, Concrete Floor
Direct Waterfront
No
Garages Number
2
Neighborhood
Wolfpit
Style
Units on different Floors
Garage Parking Info
Detached Garage, Off Street Parking
Swimming Pool
No
LISTING UPDATED: 09/16/2024 12:51 PM

Property Details for 18 Murray Street

StatusActive
MLS #24046595
Days on Market4
Taxes$10,314 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 2 Family
Year Built1900
Lot Size0.29 AC / 12,632 SF
CountyFairfield County

Building Information for 18 Murray Street

Stories-Residences2Year Built1900Building Size-Lot Size0.29 AC / 12,632 SF

Property Information for 18 Murray Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Newtown Avenue to Murray Street. House on Left
  • Elementary School: Per Board of Ed
  • High School: Norwalk
  • Latitude: 41.136048
  • Longitude: -73.397662
  • Middle Jr High School: Per Board of Ed
  • State: Connecticut
Parking
  • Parking Total Spaces: 1
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $10,314
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Beach Rights
Interior Features
  • Cooling System: None
  • Heat Type: Baseboard, Hot Water
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: Basement Hook-Up(s)
  • Laundry Room Location: Basement hook ups for both units
  • Rooms Total: 9
Property
Property and Assessments
  • Color: Tan
  • Construction Description: Frame
  • Exterior Siding: Asbestos
  • Foundation Type: Concrete, Stone
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: Treed, Level Lot, Sloping Lot
  • Parcel Number: 240372
  • Sq Ft Est Heated Above Grade: 2048.0
  • Sq Ft Total: 2048.0
  • Zoning: CD-1M
Utilities
  • Heat Fuel Type: Electric, Oil, Propane
  • Hot Water Description: Oil, Propane, Domestic
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 2
  • Total Rooms Multi Family: 9
Unit 1
  • Lease: Leased
  • Listing Key: 22027836856872CBE063D501100AD493
  • Unit Appliances: Oven/Range,Microwave,Refrigerator
  • Unit Average Sq Ft: 800
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 09-16-2024
  • Unit Monthly Rent: $2,435
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Listing Key: 22027836856872CBE063D501100AD493
  • Unit Appliances: Oven/Range,Range Hood,Refrigerator
  • Unit Average Sq Ft: 1200
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 09-16-2024
  • Unit Monthly Rent: $2,850
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant

Property History for 18 Murray Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 18 Murray Street

Taxable ValueLand$172,940Additions$264,240Total$437,180
Tax Record2024$10,314 ($860 / month)
Home Facts
Baths2Total Finished SqFt2,048 SqFtAbove Grade Finished SqFt2,048 SqFtStories3Lot Size12,632 SqFtStyleDuplexYear Built1900Year Renovated1973ZoningA1CountyFAIRFIELDAPNNORW M:5 B:19 L:101

Schools near 18 Murray Street

This home is within Norwalk School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Wolfpit School
PublicK to 5

Nathan Hale Middle School
Public6 to 8

Norwalk High School
Public9 to 12

Briggs High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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18 Murray Street is a multi-family home for sale in Norwalk, CT 06851. This property was listed for sale on September 16, 2024 by Michael Church, it's currently listed at $815,000. It has been on the market for a total of 4 days and was last sold on January 21, 2016. This listing's school district is Norwalk School District. Nearby schools include Wolfpit School, Nathan Hale Middle School and Norwalk High School. 18 Murray Street is a 5-bed, 2-bath, 2,048 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Michael Church, Michael Church

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.