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12-Unit Multifamily Apartment Building
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6 Elm Street, Norwalk, CT 06850

Twelve apartments across three buildings on a 0.5-acre lot, recently converted to legal residential use with renovated units.

Property Size12,085 SF
Lot Size0.50 Acres
Days on Market56

Property Features for 6 Elm Street

General Information

Standard status Active
Size 12,085 SF
Lot size 0.50 Acres
Property subtype Multifamily
Investment Type Value Add

Additional Details

Highway Access Yes
Multifamily Units 12

Building Details

Year Built 1967
Buildings 3
Units 12
Tenancy Multi
Listing Agency: NorthEast Private Client Group Shelton
Listed By: Rich Edwards · License #RES.0802816
Source: Crexi
Added: Jul 8 Changed: Aug 22 Last Checked: Aug 31 at 9:36AM

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 NorthEast Private Client Group Shelton

Investment Insights

Based on property information with market context.

6 Elm Street is a 12-unit multifamily property comprising three residential buildings on a 0.5-acre lot in Norwalk, Connecticut. Originally built in 1967, the buildings have undergone a substantial capital improvement program and now operate as all-residential following the conversion of two former commercial-zoned units to legal residential apartments.

The renovations include five fully renovated apartments, and in-unit washers and dryers are installed in all renovated units plus the two apartments in the rear building. Both rear-building apartments feature central air conditioning. The current utilities setup varies by building, with the front units individually metered for tenant-paid electric heat, hot water, and cooking, while the middle units are tenant-paid electric with landlord-provided gas heat and hot water; the rear units are individually metered and fully tenant-paid.

Major completed work includes a new parking lot, storm drains, siding, flashing, vinyl windows, new HVAC units and related ductwork and piping, a dedicated owner’s electric meter in the rear building, a new furnace and commercial hot water heater in the middle building, full brick repointing, new basement sump pumps, and partial gutter replacement, positioning the property for lighter cosmetic and curb-appeal updates going forward.

Key Highlights

  • 12‑unit multifamily across three buildings totaling 12,085 rentable SF on a 0.5‑acre lot in Norwalk, CT
  • Recently converted to all‑residential: two former commercial‑zoned units converted to legal residential apartments
  • Capital improvements include 5 fully renovated apartments, new parking lot, storm drains, siding/flashing, and vinyl windows

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Tanning Salon Pet Grooming Service Florist Bakery

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

12
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,435
Businesses Nearby

Demographics for 06850, CT

20,801
Population
8,556
Households
2.4
Avg Household Size
39
Median Age
52%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
3,059
Density / Sq Mi
$121,910
Median Household Income
$60,036
Median Earnings
$2,283
Median Rent
$562,900
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 - Twelve apartments across three buildings on a 0.5-acre lot, recently converted to legal residential use with renovated units.
Where is this apartment building located?
The property is located at 6 Elm Street Norwalk, CT.
What are key features of this property?
This property features: 12‑unit multifamily across three buildings totaling 12,085 rentable SF on a 0.5‑acre lot in Norwalk, CT; Recently converted to all‑residential: two former commercial‑zoned units converted to legal residential apartments; Capital improvements include 5 fully renovated apartments, new parking lot, storm drains, siding/flashing, and vinyl windows
(203) 727-3212 Call to check price and availability
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