Under contract

$950,000

263 Main Avenue, Norwalk, CT 06851

5beds

7,320sqft

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Multi Family

Built in 1920

-- sqft lot

$-- Zestimate^®

$130/sqft

$-- HOA

What's special

Street-level commercial space

A remarkable opportunity to acquire a mixed-use income property in Norwalk. 263 Main Avenue presents four income-producing units - three residential apartments and a street-level commercial space - all operating on month-to-month tenancies, offering an incoming owner maximum flexibility to optimize rents and reposition the asset. Situated on busy Main Avenue with excellent visibility and foot traffic, this property is ideally suited for the savvy investor seeking immediate cash flow with significant upside potential. Whether you choose to hold, renovate, or restructure, this property delivers day-one income and a clear path to a higher cap-rate. Property is being sold as-is. The current business is not part of the sale.

60 days

62

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Heating

Gas on Gas

Cooling

Wall Unit(s)

Appliances

Included: Gas Water Heater

Features

Basement: Partial,Unfinished,Concrete,Full
Attic: None
Has fireplace: No

Interior area

Total structure area: 7,320
Total interior livable area: 7,320 sqft
Finished area above ground: 3,660
Finished area below ground: 3,660

Property

Lot

Size: 10,454 Square Feet
Features: Level

Details

Parcel number: 246319
Zoning: B2

Construction

Type & style

Home type: MultiFamily
Architectural style: Units on different Floors
Property subtype: Multi Family

Materials

Vinyl Siding
Foundation: Block
Roof: Asphalt

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Norwalk

Financial & listing details

Price per square foot: $130/sqft
Tax assessed value: $612,640
Annual tax amount: $14,670
Date on market: 5/1/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/8/2026	Pending sale	$950,000$130/sqft
Source: Smart MLS #24171361 Report a problem
5/1/2026	Listed for sale	$950,000$130/sqft
Source: Smart MLS #24171361 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$14,670 +1.5%	$612,640
2024	$14,453 +15%	$612,640 +22.7%
2023	$12,566 +1.9%	$499,430
2022	$12,332 +2.7%	$499,430
2021	$12,011 +0%	$499,430
2020	$12,005 +2.9%	$499,430
2019	$11,669 +27.5%	$499,430 +45.6%
2018	$9,149 +3.6%	$343,130 +0%
2017	$8,834 +16.4%	$343,120 +15%
2015	$7,588 +8.7%	$298,380 +96.4%
1999	$6,980	$151,900

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All 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.

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