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34 West Street

Newtown, Connecticut 06470

ACTIVE - NEW$1,300,000
Beds
8
Baths
5
SqFt
4,462
Acres
6.70
Year Built
1954
Matt Caiola

Matt Caiola

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MCMATT CAIOLALUXURY PROPERTIES
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2-Car Garage4 Fireplaces

About This Home

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.

Key Facts

City/Town
Newtown
Neighborhood
N/A
Property / Style
Multi-Family · Units on different Floors
Year Built
1954
Days on Market
7 days
Beds
8
Baths
5 full
Living Area
4,462 sq ft
Lot Size
6.70 acres
Garage / Parking
2 garage · 10 total
Property Taxes
$12,210 / Annually

Market Snapshot

The Newtown Market

Multi-Family · trailing 12 months

Median Days on Market

7

1 active listing

Median $ / Sq Ft

$291

1 active listing

Sale-to-List Ratio

100.0%

1 sale

How this home compares

List Price

$1.30M

vs $1.30M median

In line with median

Price / Sq Ft

$291

vs $291 median

In line with median

Days on Market

7 days

vs 7 days median

In line with median

Based on 1 active and 1 closed sales (trailing 12 mo) of multi-family in Newtown. Source: SmartMLS · As of July 29, 2026.

Location

34 West Street, Newtown, Connecticut

Property

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$8,079

per month

  • Principal & Interest$6,628
  • Property Taxes$1,018
  • Insurance$433
  • HOA$0

Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.

Location

City/Town
Newtown
Neighborhood
N/A
County
Fairfield

Residence

Property Type
Multi-Family
Subtype
5 Family+
Style
Units on different Floors
Year Built
1954
New Construction
No/Resale
Living Area
4,462 sq ft

Schools

Elementary
Per Board of Ed
Middle
Per Board of Ed
High
Newtown

Interior

Heating
Baseboard
Heat Fuel
Oil
Cooling
Ceiling FansCentral Air
Fireplaces
4
Laundry Location
Laundry is located right off the kitchen
Basement
FullFull With Walk-Out
Accessibility
Special Needs Transport

Exterior & Lot

Lot Size
6.70 acres
Zoning
R-1
Garage / Parking
2 garage spaces10 total parking spacesTandemAttached GarageOff Street ParkingDrivewayUnpavedPrivate
Waterfront Details
Not Applicable
Water Source
Private Well
Sewer
Septic
Construction
Vinyl Siding
Color
white
Roof
Asphalt Shingle
Foundation
Concrete
Exterior Features
Fruit TreesBarnDeckGarden AreaStableFrench DoorsPaddockPatio
Lot Description
SecludedRolling

Listing & Financials

Property Taxes
$12,210 / Annually
Days on Market
7
MLS #
24193609
MLS Status
Active
Financing
FHA,CHFA

Similar Properties

Homes with a close match in area, property type, and price.

Listed By

Derek Spencer

(203) 437-5617

Scalzo Real Estate

(203) 790-7077

This information is believed to be accurate, but without warranty.

The IDX display contains information sourced from SmartMLS, Inc. as of 7/29/2026. 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 7/29/2026 at 10:10 AM UTC.