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Well-Maintained Brick Two-Family Home
For Sale
$524,900
Pending

7 Olson Avenue, Cromwell, CT 06416

Brick two-family cape with separate electric meters, individual A/C units, and a partially finished basement with added kitchen and bath.

Property Size2,724 SF
Days on Market179

Property Features for 7 Olson Avenue

General Information

Standard status Pending
Size 2,724 SF
Property subtype Multi-Family / 2 Family
Zoning R-15

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $5,383

Amenities

Yes
Hot Water
8
Ductless
2
Walk-In
Hook-Up In Unit 1, Hook-Up In Unit 2
1st floor has laundry room lower level
Not Applicable

Building Details

Year Built 1959
Construction brick
Tenancy Multi
Listing Agency: Clermont Real Estate
Listed By: Francine McKiernan · License #RES.0814682
Source: Compass
Added: Mar 13 Changed: Aug 7 Last Checked: Jul 30 at 12:58PM

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 Clermont Real Estate

Investment Insights

Based on property information with market context.

Well maintained brick two-family cape offering flexible living arrangements. The home can be used as a two-family or converted to a single-family if desired. The first-floor unit features an eat-in kitchen, a living room with a wood burning fireplace, a full bath, and three bedrooms; one bedroom has been converted to a laundry room that could be returned to a bedroom, with laundry moved back to the basement.

The basement is partially finished and includes a kitchen and a full bath. The second-floor unit includes an eat-in kitchen, living room, full bath, and a good size bedroom.

Each unit has its own electric meter and its own A/C. The heating system is shared by both units. The lot is level and includes a shed for storage.

Key Highlights

  • Well‑maintained brick 2‑family cape built in 1959
  • Each unit has its own electric meter and its own A/C; heating is shared
  • 1st‑floor unit features an eat‑in kitchen, living room with a wood‑burning fireplace, full bath, and 3 bedrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Repair Shop Restaurant Nail Salon (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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

228
Businesses Nearby

Demographics for 06416, CT

14,225
Population
6,286
Households
2.3
Avg Household Size
45
Median Age
46%
College-Educated
96%
High-School Grad
12.5 sq mi
ZIP Area
1,138
Density / Sq Mi
$104,458
Median Household Income
$64,127
Median Earnings
$1,536
Median Rent
$311,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Brick two-family cape with separate electric meters, individual A/C units, and a partially finished basement with added kitchen and bath.
Where is this duplex located?
The property is located at 7 Olson Avenue Cromwell, CT.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Well‑maintained brick 2‑family cape built in 1959; Each unit has its own electric meter and its own A/C; heating is shared; 1st‑floor unit features an eat‑in kitchen, living room with a wood‑burning fireplace, full bath, and 3 bedrooms
More about this property
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