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    Property profile & analytics

    49 Lexington Ave Norwalk, CT 06854-4356

    • Residential income homes
    • 1,976 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $605,000
    Last Sale
    Aug 06, 2024
    $600,000
    Location Intelligence
    Property ID
    US15-0505404
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 49 Lexington Ave

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.06 lot acres
    Property size
    1,976 SF
    Zone code
    NB
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    NORW M:2 B:75 L:5
    APU
    NORWM2B75L5

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $605,000
      6.5%
      $575,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $615,000
      Geo Method
      $635,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $615,000
      Retail
      $565,000
      Mixed-Use
      $575,000
      Hospitality
      $525,000
      Educational
      $560,000
      Residential Income
      $725,000
      Energy
      $570,000
      Income-Based Land
      $695,000
      Food Service
      $685,000

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.423
    Latitude
    41.0904
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,397
    $75,600
    $139,520
    $215,120
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,378 SF

      87 Lexington Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,378 SF
      87 Lexington Ave, Norwalk, CT 06854-4321
      View Details
    • Value Estimation
      $560,000
      3,102 SF

      94 Lexington Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,102 SF
      94 Lexington Ave, Norwalk, CT 06854-4346
      View Details
    • Value Estimation
      $345,000
      2,944 SF

      55 Bouton St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,944 SF
      55 Bouton St, Norwalk, CT 06854-4130
      View Details
    • Value Estimation
      $275,000
      3,096 SF

      286 Ely Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,096 SF
      286 Ely Ave, Norwalk, CT 06854-4624
      View Details
    • Value Estimation
      $230,000
      1,766 SF

      1 Papp St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,766 SF
      1 Papp St, Norwalk, CT 06854-4291
      View Details
    • Value Estimation
      $250,000
      2,052 SF

      39 Taylor Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,052 SF
      39 Taylor Ave, Norwalk, CT 06854-2809
      View Details

    Similar Nearby for Sale

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      Norwalk Multifamily Investment Opportunity

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      Rare, renovated three-bedroom condo with modern amenities and convenient location.
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      Three-family property in Norwalk's SONO district with modern amenities.
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    Similar Nearby for Lease

    • $2,200 /Mo
      704 SF

      Apartment in SONO Area

      One-bedroom apartment in Norwalk's SONO neighborhood, convenient to amenities.
      83 Washington St, Norwalk, CT 06854
      View Details
    • $2,600 /Mo

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      Fully renovated 2-bedroom apartment near amenities in South Norwalk.
      240 Flax Hill Rd, Norwalk, CT 06854
      View Details
    • $2,950 /Mo

      Spacious Apartment in SONO

      One-bedroom apartment with water views, close to amenities.
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      View Details
    • $2,850 /Mo

      Updated Apartment with Private Deck

      Updated 2-bedroom apartment with private deck, convenient location.
      15 Paradiso St, Norwalk, CT 06854
      View Details
    • $1,775 /Mo

      Norwalk Condo with Modern Amenities

      One-bedroom condo featuring new flooring, in-unit laundry, and parking.
      22 Ferris Ave, Norwalk, CT 06854
      View Details
    • $2,200 /Mo

      Norwalk Two-Bedroom Apartment For Rent

      Two-bedroom apartment with hardwood floors, washer/dryer, available immediately.
      22 Avenue D, Norwalk, CT 06854
      View Details
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    49 Lexington Ave
    Norwalk, CT 06854-4356
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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
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