Excellent income-producing opportunity in the heart of North Canaan! This well-maintained three-unit multifamily property is connected to town water and town sewer, has separate utilities for each unit, and offers an ideal addition to any investment portfolio or an excellent owner-occupied opportunity. The property features two one-bedroom, one-bathroom apartments on the main level, providing strong rental appeal with easy, single-level living. The upper unit occupies the second and third floors and includes two bedrooms, one full bathroom, a large second-story deck overlooking the town, and a finished third floor with two additional rooms that add exceptional flexibility and value. Beautifully updated while preserving its historic character, the property offers the charm tenants appreciate with the modern conveniences they expect. Its prime in-town location places shopping, dining, schools, parks, and other everyday amenities just minutes away, contributing to consistent rental demand. Whether you're expanding your portfolio, seeking a turnkey investment, or looking to live in one unit while generating rental income from the others, this versatile multifamily property presents outstanding long-term potential.
For sale
$335,000
121 Railroad Street, North Canaan, CT 06018
4beds
2,008sqft
Multi Family
Built in 1877
-- sqft lot
$329,300 Zestimate®
$167/sqft
$-- HOA
What's special
Easy single-level living
- 2 days |
- 663 |
- 50 |
Zillow last checked:
Listing updated:
Listed by:
Holly M. Leibrock (860)248-0117,
Elyse Harney Real Estate 860-435-0120,
Liza Reiss 860-671-0288,
Elyse Harney Real Estate
Source: Smart MLS,MLS#: 24190537
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Hot Water, Oil
Cooling
- None
Appliances
- Included: Water Heater
Features
- Basement: Full,Unfinished
- Attic: Partially Finished,Walk-up
- Has fireplace: No
Interior area
- Total structure area: 2,008
- Total interior livable area: 2,008 sqft
- Finished area above ground: 2,008
Property
Lot
- Size: 0.84 Acres
- Features: Level
Details
- Parcel number: 2408988
- Zoning: 3
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Stucco
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1877
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Canaan
Financial & listing details
- Price per square foot: $167/sqft
- Tax assessed value: $150,080
- Annual tax amount: $4,045
- Date on market: 7/10/2026
Estimated market value
Zestimate®
$329,300
Estimated sales range
$313,000 - $346,000
Rent Zestimate®
$1,718/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Listed for sale | $335,000+123.3%$167/sqft |
Source: | ||
| 4/4/2022 | Sold | $150,000+200%$75/sqft |
Source: Public Record Report a problem | ||
| 7/30/1997 | Sold | $50,000$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,045 +8.9% | $150,080 |
| 2024 | $3,714 -3% | $150,080 |
| 2023 | $3,827 +1.2% | $150,080 +23% |
| 2022 | $3,781 +6.9% | $121,970 |
| 2021 | $3,537 -4.8% | $121,970 |
| 2020 | $3,714 +7.8% | $121,970 |
| 2019 | $3,446 +2.7% | $121,970 |
| 2018 | $3,354 -2.6% | $121,970 -2.6% |
| 2017 | $3,445 | $125,280 |
| 2016 | $3,445 | $125,280 |
| 2015 | $3,445 | $125,280 |
| 2014 | $3,445 +7.8% | $125,280 |
| 2013 | $3,195 +10.8% | $125,280 -6.6% |
| 2012 | $2,884 +2.4% | $134,120 |
| 2011 | $2,817 | $134,120 |
| 2010 | $2,817 | $134,120 |
| 2009 | $2,817 +68.7% | $134,120 +68.6% |
| 2008 | $1,670 -19.6% | $79,540 |
| 2007 | $2,076 +2.4% | $79,540 |
| 2006 | $2,028 +4.5% | $79,540 |
| 2005 | $1,941 +6.1% | $79,540 |
| 2004 | $1,829 +0.8% | $79,540 |
| 2003 | $1,814 | $79,540 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Principal & interest
$1,547Mortgage insurance
$0Property taxes
$170Home insurance
$105HOA fees
$0Utilities
Not includedAll calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 06018
Nearby schools
GreatSchools rating
- 8/10North Canaan Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 5/10Housatonic Valley Regional High SchoolGrades: 9-12Distance: 6.8 mi
Schools provided by the listing agent
- Elementary: North Canaan
- High: Housatonic
Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Connecticut
- Litchfield County
- Canaan
- 06018
- 121 Railroad Street