54 1st Street
Norwalk, CT, 06855 $ 1,200,000
Bedrooms3 Baths3.1 Sq 2,176 Monthly Estimate*
$ 7,389
for $1,200,000 with 3 bedrooms and 3 full baths, 1 half bath. This 2,176 square foot home was built in 1885 on a lot size of 0.17.
East Norwalk Rare opportunity to own a legal 3-family restored Victorian house with separate barn studio/office 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. 3 Apts: Private entrances for each apartment on 3 floors. Hardwood floors throughout all apartments. New window blinds throughout. Apt 1: 1br, 1.5 bath, eat-in-kitchen, open living room and dining room. New water heater 2021. Apt 2: 1br, 1bath, large eat-in kitchen, open living room and dining room. New steam boiler 2023, new water heater 2021, new fridge 2023. Apt 3: 1br, 1bath, kitchen open to living room area. New water heater 2021, new fridge 2022, microwave 2023. Professionally painted exterior 2023, hardwood floors refinished 2022, and interior painted 2025. Basement: Laundry - Washer and dryer hookups for each apartment, landlord/ contractor full bath, and partly finished w/ separate secured storage room. Other notes: gas line main from street to house was recently updated with new meters, city Water/Sewer, and all new fiber-optic cable installed in all 3 apartments.
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FeaturesGeneralZoning C
Neighborhood East Norwalk
County Fairfield
Tax Year July 2025-June 2026
Property Type Multi-Family For Sale
Status Active
Acres 0.17
Directions East Avenue to Gregory Boulevard to First Street
High School Norwalk
City Norwalk
Elementary School Marvin
Sq Ft Total 2176
DOM 3
Year Built 1885
Style Units on different Floors
Year Built Source Public Records
Net Operating Income 66266
Energy Features Ridge Vents
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InteriorCooling System None
Total Number of Units 3
Total Rooms 12
Basement Description Full Storage Interior Access Partially Finished Full With Walk-Out
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ExteriorWater Source Public Water Connected
Lot Description Lightly Wooded Level Lot
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* Excluded FeaturesList ByEllen BalazsListing Agent
Berkshire Hathaway Ne Prop.Broker
Affordability Calculator
- Monthly Principal & Interest
- $7,389
- Monthly Property Taxes
- $865
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Norwalk, CT
Average List Price $938,301
Percent of Sale Price 22%
About Norwalk, CT 90,514 Population
9% Since 2002
$ 82,872 Median Income
40.96 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
4810240 Elementary School
4810241 Middle School
Norwalk High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/19/2026 | $1,200,000 | | Listed Price |