54 First Street
Norwalk, Connecticut 06855
Reduced from $1,200,000
- Beds
- 3
- Baths
- 3 | 1
- SqFt
- 2,176
- Acres
- 0.17
- Year Built
- 1885
- Neighborhood
- East Norwalk
- Property Type
- 3 Family
Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
East Norwalk Rare opportunity to own a legal 3-family restored Victorian house with separate barn and 2-car garage. This amazing one of a kind property is perfect for owner occupant or investor. Incredible income and low maintenance with many updates and improvements. Some of the features include Separate updated mechanicals, new roof, off street parking for 6 vehicles, Partly finished basement with washer/dryer/1/2 bath, enclosed front porch, refinished hardwood floors, and just painted on the interior/exterior. The second building on the property is a charming converted studio barn with vaulted ceilings and beams and attached 2-car garage completed in 2008 with separate panel & fully insulated. 5 minute walk to East Norwalk train station, Beaches, parks, neighborhood restaurants, and South Norwalk (SoNo). 5 minute drive to Westport.
Key Facts
- City/Town
- Norwalk
- Neighborhood
- East Norwalk
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1885
- Days on Market
- 131 days
- Beds
- 3
- Baths
- 3 full · 1 half
- Living Area
- 2,176 sq ft
- Lot Size
- 0.17 acres
- Garage / Parking
- 2 garage · 6 total
- Property Taxes
- $10,376 / Annually
Market Snapshot
The Norwalk Market
Multi-Family · trailing 12 months
Active Listings
16
6 under contract
Median List Price
$899,000
16 active listings
Median Closed Price
$768,500
48 sales
Median Days on Market
52
16 active listings
Median $ / Sq Ft
$371
16 active listings
Sale-to-List Ratio
100.1%
48 sales
How this home compares
List Price
$1.12M
vs $899,000 median
25.0% above median
Price / Sq Ft
$517
vs $371 median
39.4% above median
Days on Market
131 days
vs 52 days median
79 days longer than median
Based on 16 active and 48 closed sales (trailing 12 mo) of multi-family in Norwalk. Source: SmartMLS · As of July 28, 2026.
Location
54 First Street, Norwalk, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$5,731
- Property Taxes$865
- Insurance$375
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Norwalk
- Neighborhood
- East Norwalk
- County
- Fairfield
Residence
- Property Type
- Multi-Family
- Subtype
- 3 Family
- Style
- Units on different Floors
- Year Built
- 1885
- New Construction
- No/Resale
- Living Area
- 2,176 sq ft
Schools
- Elementary
- Marvin
- High
- Norwalk
Interior
- Heating
- Steam
- Heat Fuel
- Natural Gas
- Cooling
- None
- Laundry
- Basement Hook-Up(s)
- Laundry Location
- Basement
- Basement
- FullStorageInterior AccessPartially FinishedFull With Walk-Out
Exterior & Lot
- Lot Size
- 0.17 acres
- Zoning
- C
- Garage / Parking
- 2 garage spaces6 total parking spacesBarnDetached GaragePavedOff Street Parking
- Waterfront Details
- Walk to WaterBeach RightsWater Community
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Flood Zone
- No
- Construction
- Asbestos
- Color
- Grey
- Roof
- Asphalt Shingle
- Foundation
- MasonryStone
- Exterior Features
- BarnGuttersLightingPatio
- Lot Description
- Lightly WoodedLevel Lot
Listing & Financials
- Property Taxes
- $10,376 / Annually
- Days on Market
- 131
- MLS #
- 24159964
- MLS Status
- Under Contract
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 7/28/2026 at 5:15 AM UTC.