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    20 Berkeley St Norwalk, CT 06850

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    For Sale
    $1,699,999

    Multifamily property with existing residence and approved plans for apartments.

    Lot size:
    0.53 Acres

    Property Features for 20 Berkeley St

    General Information

    Lot size
    0.53 Acres

    Building Details

    Year built
    1880

    Source: William Raveis Real Estate Agent Maria Palladino

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Norwalk Multifamily Development Opportunity

    This Norwalk property presents an investment opportunity featuring an existing, fully occupied 3-family residence. Approved plans are in place for a new 10-unit apartment building, offering a potential total of 13 units. Zoning approval has been received from the City of Norwalk, and architectural and site plans are available for review. The existing 3-family home is tenant-occupied. The property is being sold as is.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4178131
    Latitude
    41.1148249

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with existing residence and approved plans for apartments.
    Where is this apartment building located?
    The property is located at 20 Berkeley St Norwalk, CT.
    What is the asking price?
    The asking price for this property is $1,699,999.
    What are key features of this property?
    This property features: - Approved plans for a new 10-unit apartment building (potential 13 units total).; - Existing fully occupied 3-family residence providing immediate income.; - Zoning approval received from the City of Norwalk.
    (203) 273-4879
    Request Owner's contact information
    20 Berkeley St Norwalk, CT 06850
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    Norwalk, CT 06850
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20 Berkeley St Norwalk, CT 06850
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