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    7 Spring St New Milford, CT 06776

    For Sale
    $699,000

    Updated two-family property near downtown with investment potential.

    Lot size:
    0.10 Acres

    Property Features for 7 Spring St

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1890

    Source: Clearview Realty LLC Agent Jorge Sousa

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

    Overview

    Updated Two-Family Home Near Downtown

    This updated two-family property is located in the city center. Recent updates include new siding and a new roof. The kitchens have been updated and feature new appliances. A new driveway has also been installed. Each unit offers either three or four bedrooms and two full bathrooms. Investors may find this property appealing. A fenced lot across the street, measuring 0.30 acres, is included in the sale. This property presents an opportunity for both owner-occupants and investors. It is located within walking distance of downtown, the city park, the train station, and restaurants.
    Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    New Milford
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.4135008
    Latitude
    41.5745077

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    FAQs

    What type of property is this?
    Duplex - Updated two-family property near downtown with investment potential.
    Where is this duplex located?
    The property is located at 7 Spring St New Milford, CT.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Two updated units, each with 3-4 bedrooms and 2 full baths.; - Includes an additional .30 acre fenced lot across the street.; - Recent updates include new siding, roof, kitchens, appliances, and driveway.
    (203) 788-2794
    Request Owner's contact information
    7 Spring St New Milford, CT 06776
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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
    7 Spring St New Milford, CT 06776
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