213 Ely Avenue
Norwalk, Connecticut 06854
- Beds
- 13
- Baths
- 6
- SqFt
- 6,388
- Acres
- 0.41
- Year Built
- 1911
- Neighborhood
- South Norwalk
- Property Type
- 5+ Family

Matt Caiola
Luxury Real Estate Advisor
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About This Home
RARE SIX-UNIT INVESTMENT OPPORTUNITY IN NORWALK! This exceptional income-producing property features two separate residential buildings with a total of six units, offering strong rental potential, operational flexibility, and long-term upside. The front building is a classic four-family property dating back to the 1910s, while the rear building offers two additional residential units. The property features a desirable mix of one-, two-, and three-bedroom apartments, appealing to a broad range of tenants. Numerous recent improvements make this property an attractive investment, including a new roof, newer hot water heaters, new A/C units, fully renovated apartments, new driveway, and low-maintenance vinyl siding, stone, and stucco exterior. Additional amenities include natural gas, central air conditioning, basement and attic storage, and laundry facilities. Whether you're an experienced investor looking to expand your portfolio, completing a 1031 exchange, or an owner-occupant looking to live in one unit while generating rental income from the others, this property offers exceptional flexibility and value. Six units, two buildings, significant improvements, and multiple income opportunities-an uncommon investment opportunity in the Norwalk market.
Key Facts
- City/Town
- Norwalk
- Neighborhood
- South Norwalk
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1911
- Days on Market
- 0 days
- Beds
- 13
- Baths
- 6 full
- Living Area
- 6,388 sq ft
- Lot Size
- 0.41 acres
- Garage / Parking
- 17 total
- Property Taxes
- $21,528 / Annually
Market Snapshot
The Norwalk Market
Multi-Family · trailing 12 months
Active Listings
8
10 under contract
Median List Price
$992,000
8 active listings
Median Closed Price
$790,000
47 sales
Median Days on Market
50
8 active listings
Median $ / Sq Ft
$387
8 active listings
Sale-to-List Ratio
100.0%
47 sales
How this home compares
List Price
$2.80M
vs $992,000 median
2.8× the median
Price / Sq Ft
$438
vs $387 median
13.2% above median
Days on Market
0 days
vs 50 days median
50 days fresher than median
Based on 8 active and 47 closed sales (trailing 12 mo) of multi-family in Norwalk. Source: SmartMLS · As of September 12, 2026.
Location
213 Ely Avenue, Norwalk, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Sep 10, 2026per month
- Principal & Interest$14,543
- Property Taxes$1,794
- Insurance$933
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Norwalk
- Neighborhood
- South Norwalk
- County
- Fairfield
Residence
- Property Type
- Multi-Family
- Subtype
- 5 Family+
- Style
- Units on different Floors
- Year Built
- 1911
- New Construction
- No/Resale
- Living Area
- 6,388 sq ft
Schools
- Elementary
- Per Board of Ed
- Middle
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Hot Air
- Heat Fuel
- Natural Gas
- Cooling
- Central Air
- Basement
- None
Exterior & Lot
- Lot Size
- 0.41 acres
- Zoning
- C
- Garage / Parking
- 17 total parking spacesPavedParking LotAssigned Parking
- Waterfront Details
- Beach Rights
- Water Source
- Public Water ConnectedPublic Water In Street
- Sewer
- Public Sewer ConnectedPublic Sewer In Street
- Construction
- Vinyl SidingStoneStucco
- Color
- Grey
- Roof
- Fiberglass Shingle
- Foundation
- Stone
- Lot Description
- City Views
Listing & Financials
- Property Taxes
- $21,528 / Annually
- Days on Market
- 0
- MLS #
- 24206240
- MLS Status
- Active
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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 5:05 PM UTC.