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Sold for $700,000 on 10/06/25
  • $700,000

    2 Olmstead Place, Norwalk, CT 06855

    1beds
    3,055sqft
    Multi Family
    Built in 1947
    -- sqft lot
    $708,700 Zestimate®
    $229/sqft
    $1,896 Estimated rent

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    $4,633/mo

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    $4,633/mo

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    What's special

    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

    Zillow last checked: 8 hours ago

    Listing updated: October 06, 2025 at 05:39am

    Listed by:

    Sonia Byrnes 917-558-0059,

    William Raveis Real Estate 203-655-1423

    Bought with:

    Dean Papadopoulos, RES.0798068

    Realty ONE Group Connect

    Source: Smart MLS,MLS#: 24088775MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Hot Water, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater, Water Heater
    • Laundry: In Unit
    Features
    • Basement: Partial,Unfinished
    • Attic: None
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 3,055
    • Total interior livable area: 3,055 sqft
    • Finished area above ground: 2,505
    • Finished area below ground: 550

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached
    • Attached garage spaces: 2
    Features
    • Exterior features: Balcony, Rain Gutters, Lighting
    • Waterfront features: Beach Access
    Lot
    • Size: 5,227 sqft
    • Features: Level
    Details
    • Parcel number: 230788
    • Zoning: B

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1947

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Near Public Transport, Library, Medical Facilities, Park, Public Rec Facilities, Shopping/Mall
    Location
    • Region: Norwalk
    • Subdivision: East Norwalk
    Sell with ease on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $708,700
    2% more+$14,174
    With Zillow Showcase(estimated)$722,874