Building Details

Building Size 1,877 SF

Year Built 1877

Listing Agency: Elyse Harney Real Estate h***@harneyre.com Show Phone

Listed By: Holly Leibrock · License #RES.0805130 Show Phone

Source: Iverty

Added: Jul 10 Changed: Jul 26 Last Checked: Jul 26 at 1:05PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elyse Harney Real Estate

Investment Insights

Based on property information with market context.

This three-unit multifamily property offers a functional mix of single-level and multi-floor living arrangements. Two one-bedroom, one-bath apartments are on the main level, while the upper unit spans the second and third floors. The upper unit includes two bedrooms and one full bathroom, along with a large second-story deck overlooking the town and a finished third floor with two additional rooms for flexible use.

The property is connected to town water and town sewer and features separate utilities for each unit. It is positioned in-town, placing everyday amenities such as shopping, dining, schools, and parks within minutes.

The home has been updated while preserving its historic character, combining tenant-friendly charm with modern convenience.

Key Highlights

• Three‑unit multifamily home built in 1877 with town water and town sewer
• Two main‑level units: 1 bedroom, 1 bathroom each
• Upper unit spans the 2nd and 3rd floors and includes 2 bedrooms, 1 full bathroom

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Plumbing Service Storage Facility Pharmacy (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

261

Businesses Nearby

Explore this area Business Placement

Demographics for 06018, CT

2,610

Population

1,240

Households

2.1

Avg Household Size

46

Median Age

25%

College-Educated

90%

High-School Grad

13.3 sq mi

ZIP Area

196

Density / Sq Mi

$56,328

Median Household Income

$43,724

Median Earnings

$1,270

Median Rent

$256,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Triplex - Three-unit multifamily home with town water and sewer and separate utilities for each unit.

Where is this triplex located?

The property is located at 121 Railroad Street North Canaan, CT.

What is the asking price?

The asking price for this property is $335,000.

What are key features of this property?

This property features: Three‑unit multifamily home built in 1877 with town water and town sewer; Two main‑level units: 1 bedroom, 1 bathroom each; Upper unit spans the 2nd and 3rd floors and includes 2 bedrooms, 1 full bathroom