Property profile

159 Frst Ave Fairfield, CT 06824

OFF-MARKET
Residential income homes
Property ID
US15-1180564
3,328 SF 0.2 ac lot Built 1954
Individually Owned 2-yr Hold
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1954
Total area 3,328 SF
Lot 0.2 ac (8,640 SF)
Zoning code B
APN FAIR M:183 B:158
UPID US15-1180564

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

159 Frst Ave Fairfield, CT 06824-6573
Fairfield metro Census 61600 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$990k
CAP Approach CAP
by Request
Comparable Approach Comparable
$606k
Blend (final) Blend
$990k

Owner & transaction history

since 2024
Last sale
$989,000
7 recorded transactions
2024
$989,000
2021
$795,000
2014
Price N/A
2007
$1
2006
$1
2006
$750,000
2006
Price N/A

Zoning & alternative use

B · Fairfield, CT
Zoning description

Residence “B” District B Residence “C” District C Beach District BD Designed Residence District DRD (with cross hatching) Center Designed Business District CDBD Designed Commercial District DCD Neighborhood Designed Busi…

General category RESIDENTIAL
Top alternative use upside
Commercial (general) $1.0M +93.4%
Auto repair, garage $780,000 +47.5%
Retail stores $620,000 +17.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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