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New Apartment Building with Elevator
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5 North Salem Road #203, Ridgefield, CT 06877

Single-level apartments offer engineered hardwood flooring, granite kitchens, and private laundry equipment.

Property SizeContact for details
Days on Market64

Property Features for 5 North Salem Road #203

General Information

Standard status Active
Elevators Yes
Property subtype Multi-Family

Additional Details

Multifamily Units 9

Amenities

in-unit washer/dryer
storage area available
Cable Ready
Fuel: Propane
Cooling: Central Air
Heating: Hot Air
Electric Range
Microwave
Refrigerator
Freezer
Icemaker
Dishwasher
Washer
Electric Dryer

Building Details

Year Built 2024
Buildings 1
Listing Agency:
Listed By: Sonia A. Schuster · License #RES
Source: Kw
Added: Jun 14 Changed: Aug 13 Last Checked: Aug 13 at 7:37AM

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 Sonia A. Schuster

Investment Insights

Based on property information with market context.

Completed in 2024, this 9-unit apartment building provides single-level living with an elevator serving each floor. The apartments feature engineered hardwood flooring, granite kitchen countertops, and in-unit washer and dryer appliances. Kitchens include electric ranges, microwaves, refrigerators, freezers, icemakers, and dishwashers. Central air conditioning and hot-air heating are supported by propane fuel.

Located at 5 North Salem Road in Ridgefield, the property is within walking distance of Historical Main Street. The surrounding area includes restaurants, boutique shops, a movie theatre, library, playhouse, museum, and Ballard Park. The building is designated as non-smoking, and pets are permitted subject to restrictions and approval. Water and trash are included in the rent, while storage is available for an additional cost.

Key Highlights

  • 9‑unit apartment building completed in 2024
  • Single‑level apartments with elevator access to each floor
  • Engineered hardwood flooring and granite kitchen countertops

Property Analytics

Current Use

Lehmann & Lehmann Legal ... Law Firm

Suggested Use

Top Pick Parking Lot & Garage Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Auto Parts Store Butcher

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

9
Residential units

Location Intelligence

Trade Area within ½ mile

1,423
Businesses Nearby

Demographics for 06877, CT

25,077
Population
9,848
Households
2.5
Avg Household Size
44
Median Age
72%
College-Educated
97%
High-School Grad
34.6 sq mi
ZIP Area
725
Density / Sq Mi
$168,991
Median Household Income
$75,683
Median Earnings
$1,918
Median Rent
$799,400
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 - Single-level apartments offer engineered hardwood flooring, granite kitchens, and private laundry equipment.
Where is this apartment building located?
The property is located at 5 North Salem Road #203 Ridgefield, CT.
What are key features of this property?
This property features: 9‑unit apartment building completed in 2024; Single‑level apartments with elevator access to each floor; Engineered hardwood flooring and granite kitchen countertops
More about this property
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