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    14 Fairfield Ave Norwalk, CT 06854

    Sponsored
    For Sale
    $1,995,000

    Eight-Unit Apartment Complex, Prime Location

    Property size:
    6,163 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional eight-unit apartment complex at 14 Fairfield Avenue in Norwalk, Connecticut, presents a compelling investment opportunity. The property, encompassing 6,163 square feet, is offered at an asking price of $1,995,000. The building comprises a mix of unit sizes, offering diverse rental income streams. Four units boast two bedrooms, five rooms, and one bathroom each

    Property Features for 14 Fairfield Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,163 SF

    HighLights

    • Exceptional eight‑unit apartment complex in Norwalk, CT, offering diverse rental income streams.
    • 6,163 square feet on 14 Fairfield Avenue.
    • Asking price: $1,995,000.
    • Unit mix includes four two‑bedroom, five‑room, one‑bathroom units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Western Connecticut
    State
    Connecticut
    Longitude
    -73.4239085
    Latitude
    41.1007915

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    FAQs

    What type of property is this?
    Multifamily property - Eight-Unit Apartment Complex, Prime Location
    Where is this multifamily property located?
    The property is located at 14 Fairfield Ave Norwalk, CT.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: Exceptional eight-unit apartment complex in Norwalk, CT, offering diverse rental income streams.; 6,163 square feet on 14 Fairfield Avenue.; Asking price: $1,995,000.
    Request Owner's contact information
    14 Fairfield Ave Norwalk, CT 06854
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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
    14 Fairfield Ave Norwalk, CT 06854
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