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Adjacent Multifamily Income Package
For Sale
$1,859,900
Pending

14-16 Cleveland St, Danbury, CT 06810

Two adjacent multifamily properties are offered as one package with seven residential units and ample off-street parking.

Property Size3,342 SF
Days on Market33

Property Features for 14-16 Cleveland St

General Information

Standard status Pending
Size 3,342 SF
Property subtype Multi Family

Additional Details

Multifamily Units 7

Amenities

off-street parking
detached garage

Building Details

Building Size 3,342 SF
Year Built 1879
Tenancy Multi
Listing Agency: Paul Rullo Real Estate
Listed By: Jocelyn Rodriguez
Source: Elliman
Added: Jul 21 Changed: Aug 10 Last Checked: Aug 22 at 7:30AM

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 Paul Rullo Real Estate

Investment Insights

Based on property information with market context.

Offered as a single package, this two-property multifamily opportunity combines 14 & 16 Cleveland Street. Together, the properties provide seven residential units within well-maintained buildings featuring functional layouts.

The offering also includes ample off-street parking and a detached garage, supporting day-to-day tenant convenience. The properties are described as being just minutes from Danbury Hospital, with access to shopping, restaurants, schools, public transportation, and major commuter routes.

BikeScore is noted as 42 (Somewhat Bikeable) and walkScore as 74 (Very Walkable), reflecting a neighborhood with meaningful walkability in addition to commuter connectivity.

Key Highlights

  • Package includes two adjacent multifamily properties at 14 & 16 Cleveland Street
  • Total of seven residential units across the two properties
  • Year built: 1879

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Locksmith Garden Center Veterinary Clinic Pet Grooming Service Storage Facility (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

7
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,857
Businesses Nearby

Demographics for 06810, CT

55,200
Population
22,128
Households
2.5
Avg Household Size
37
Median Age
31%
College-Educated
82%
High-School Grad
20.9 sq mi
ZIP Area
2,641
Density / Sq Mi
$74,373
Median Household Income
$42,425
Median Earnings
$1,816
Median Rent
$351,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two adjacent multifamily properties are offered as one package with seven residential units and ample off-street parking.
Where is this apartment building located?
The property is located at 14-16 Cleveland St Danbury, CT.
What is the asking price?
The asking price for this property is $1,859,900.
What are key features of this property?
This property features: Package includes two adjacent multifamily properties at 14 & 16 Cleveland Street; Total of seven residential units across the two properties; Year built: 1879
More about this property
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