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
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
Owner options
What's special
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#: 24088775
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