Skip main navigation
For sale
  • $1,300,000

    34 West Street, Newtown, CT 06470

    8beds
    4,462sqft
    : 
    $8,610/mo
    Get pre-qualified
    Multi Family
    Built in 1954
    -- sqft lot
    $1,245,400 Zestimate®
    $291/sqft
    $-- HOA

    What's special

    Ample parkingAttractive setting
    A rare opportunity to acquire a five-unit multifamily investment property in the heart of Newtown, Connecticut. Ideally situated just minutes from the town center, this income-producing asset offers investors the perfect combination of strong rental demand, long-term appreciation potential, and the charm of one of Fairfield County's most desirable communities. Featuring five residential units with excellent income potential, this property presents an exceptional opportunity for seasoned investors, those looking to expand their portfolio, or owner-occupants seeking to offset their mortgage with rental income. The property's attractive setting, ample parking, and convenient location make it highly desirable to tenants seeking easy access to local shopping, restaurants, parks, schools, and major commuting routes. Whether your strategy is long-term buy-and-hold, value-add improvements, or generating reliable monthly cash flow, this multifamily property offers outstanding flexibility and investment potential. Newtown continues to attract residents looking for a high quality of life while maintaining convenient access to Danbury, Fairfield County, and New York. Income-producing properties in Newtown are exceptionally rare, making this a unique opportunity to own a valuable asset in a highly sought-after market. Don't miss your chance to secure a five-unit investment property with strong upside potential in one of Connecticut's premier towns.
    36 days
    |
    686
    |
    38
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Derek A. Spencer (203)437-5617,

    Scalzo Real Estate 203-790-7077

    Source: Smart MLS,MLS#: 24193609MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 5
      • Full bathrooms: 5
      Heating
      • Baseboard, Oil
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Water Heater
      Features
      • Doors: French Doors
      • Windows: Thermopane Windows
      • Basement: Full
      • Attic: None
      • Number of fireplaces: 4
      Interior area
      • Total structure area: 4,462
      • Total interior livable area: 4,462 sqft
      • Finished area above ground: 4,462

      Property

      Parking
      • Total spaces: 10
      • Parking features: Tandem, Attached, Off Street, Driveway, Unpaved, Private
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: Special Needs Transport
      Features
      • Patio & porch: Deck, Patio
      • Exterior features: Fruit Trees, Garden
      Lot
      • Size: 6.7 Acres
      • Features: Secluded, Rolling Slope
      Details
      • Additional structures: Barn(s), Stable(s)
      • Parcel number: 204503
      • Zoning: R-1
      • Horses can be raised: Yes
      • Horse amenities: Paddocks

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Units on different Floors
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Foundation: Concrete Perimeter
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1954

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      Green energy
      • Green verification: ENERGY STAR Certified Homes
      • Energy efficient items: Insulation, Windows

      Community & HOA

      Community
      • Features: Basketball Court, Golf, Library, Medical Facilities, Paddle Tennis, Park, Pool, Public Rec Facilities
      HOA
      • Has HOA: No
      Location
      • Region: Newtown

      Financial & listing details

      • Price per square foot: $291/sqft
      • Tax assessed value: $424,850
      • Annual tax amount: $12,210
      • Date on market: 7/22/2026

        Estimated market value

        $1,245,400

        $1.18M - $1.31M

        $3,081/mo

        Price history

        DateEventPrice
        6/25/2026Listed for sale$1,300,000+132.2%$291/sqft
        Source: Smart MLS #24186258 Report a problem
        10/31/2003Sold$559,900+229.4%$125/sqft
        Source: Smart MLS #98173408 Report a problem
        9/23/1993Sold$170,000-35.8%$38/sqft
        Source: Smart MLS #93720272 Report a problem
        8/31/1988Sold$265,000$59/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$12,210 +6.6%$424,850
        2024$11,458 -13.8%$424,850 -16.1%
        2023$13,293 -9.9%$506,590 +19%
        2022$14,761 +0.1%$425,750
        2021$14,752 -0.3%$425,750
        2020$14,799 0%$425,750
        2019$14,803 +1.5%$425,750
        2018$14,578 -2%$425,750 -3.1%
        2017$14,875 +0.8%$439,180
        2016$14,756 $439,180
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 06470

        Getting around

        4 / 100
        Car-Dependent
        5 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • High: Newtown

        Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes