263 Main Avenue
Norwalk, Connecticut 06851
- Beds
- 5
- Baths
- 3
- SqFt
- 7,320
- Acres
- 0.24
- Year Built
- 1920
- Property Type
- 3 Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
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.
Key Facts
- City/Town
- Norwalk
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1920
- Days on Market
- 134 days
- Beds
- 5
- Baths
- 3 full
- Living Area
- 7,320 sq ft
- Lot Size
- 0.24 acres
- Property Taxes
- $14,670 / Annually
Market Snapshot
The Norwalk Market
Multi-Family · trailing 12 months
Active Listings
7
10 under contract
Median List Price
$989,000
7 active listings
Median Closed Price
$790,000
47 sales
Median Days on Market
67
7 active listings
Median $ / Sq Ft
$374
7 active listings
Sale-to-List Ratio
100.0%
47 sales
How this home compares
List Price
$950,000
vs $989,000 median
In line with median
Price / Sq Ft
$130
vs $374 median
65.2% below median
Days on Market
134 days
vs 67 days median
67 days longer than median
Based on 7 active and 47 closed sales (trailing 12 mo) of multi-family in Norwalk. Source: SmartMLS · As of September 12, 2026.
Location
263 Main Avenue, Norwalk, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Sep 10, 2026per month
- Principal & Interest$4,934
- Property Taxes$1,223
- Insurance$317
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Norwalk
- Neighborhood
- N/A
- County
- Fairfield
Residence
- Property Type
- Multi-Family
- Subtype
- 3 Family
- Style
- Units on different Floors
- Year Built
- 1920
- New Construction
- No/Resale
- Living Area
- 7,320 sq ft
- Below Grade
- 3,660 sq ft
Schools
- Elementary
- Per Board of Ed
- Middle
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Gas on Gas
- Cooling
- Wall Unit
- Basement
- PartialUnfinishedConcrete FloorFull With HatchwayPartial With Walk-Out
Exterior & Lot
- Lot Size
- 0.24 acres
- Zoning
- B2
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Color
- Grey and Brick
- Roof
- Asphalt Shingle
- Foundation
- Block
- Lot Description
- Level Lot
Listing & Financials
- Property Taxes
- $14,670 / Annually
- Days on Market
- 134
- MLS #
- 24171361
- 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 9/12/2026. 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 9/12/2026 at 1:10 AM UTC.