For Sale
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Property summary
This exceptional multifamily investment opportunity presents a fully leased, 20-unit apartment building situated on a 4.47-acre lot in Brookfield, Connecticut's desirable Four Corners area. The property, boasting 15,804 square feet, comprises two buildings recently renovated in 2024. The renovation included new flooring, fresh paint, granite countertops, stainless steel appliances, and updated lighting throughout all 17 one-bedroom and 3 two-bedroom units. Ample parking is available, enhanced by a recently paved parking lot. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $322,832 and a 5.38% cap rate at an asking price of $6,000,000. City water and sewer services are available. Further development potential exists, with approvals already in place for an additional 14 units, along with a swimming pool, pool house, and fitness center. The convenient location near shops, restaurants, and a new food emporium adds to the property's appeal. This is a rare chance to acquire a high-performing, well-maintained asset with significant upside potential in a thriving Connecticut market. The property is located at 1030 Federal Rd, Brookfield, CT 06804, in Fairfield County.
Property profile
VerifiedCap rate & NOI
Current use
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Apartment Building
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Zoning & alternative use
C. Commercial Gateway North (CG-N) The purpose of the Commercial Gateway North District (CG-N) is to provide an attractive entrance into Brookfield and a transition to the Town Center District along Federal Road that all…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C-GN · Brookfield, CTC. Commercial Gateway North (CG-N) The purpose of the Commercial Gateway North District (CG-N) is to provide an attractive entrance into Brookfield and a transition to the Town Center District along Federal Road that all…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
C. Commercial Gateway North (CG-N) The purpose of the Commercial Gateway North District (CG-N) is to provide an attractive entrance into Brookfield and a transition to the Town Center District along Federal Road that all…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-GN in Brookfield, CT.
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