Rare income producing 3 family with two separate homes on one lot! Front multifamily includes two large 2 bedroom units with spacious eat-in kitchens, laundry for each unit and plenty of storage. Rear Single Family with 3 levels of living, beautiful newly renovated patio terrace perfect for entertaining. Private designated garden area conveniently located off the kitchen. Two car attached garage for additional income. Separate gas and electric utilities for all units. Abundant paved off-street parking. Gross rents of $5,525.00 monthly with low expenses & significant upside. Perfect value-add potential. As-is sale. Do not miss this opportunity today!
Sold for $740,000 on 08/22/23
$740,000
16 Well Avenue, Danbury, CT 06810
7beds
3,800sqft
Multi Family
Built in 1904
-- sqft lot
$924,100 Zestimate®
$195/sqft
$6,504 Estimated rent
Home value
$924,100
$850,000 - $1.01M
$6,504/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 23, 2023 at 04:58am
Listed by:
Aaron Ramkalawan 917-207-4306,
Keller Williams Prestige Prop. 203-327-6700
Bought with:
Marco Albarracin, RES.0819495
RE/MAX Right Choice
Source: Smart MLS,MLS#: 170576630
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Baseboard, Natural Gas
Cooling
- None
Appliances
- Included: Water Heater
Features
- Basement: Finished
- Attic: Pull Down Stairs
Interior area
- Total structure area: 3,800
- Total interior livable area: 3,800 sqft
- Finished area above ground: 3,532
- Finished area below ground: 268
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Patio & porch: Patio, Terrace
- Exterior features: Garden
Lot
- Size: 0.25 Acres
Details
- Parcel number: 72704
- Zoning: RA8
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick
- Foundation: Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1904
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Medical Facilities, Near Public Transport
Location
- Region: Danbury
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2023 | Sold | $740,000+6.5%$195/sqft |
Source:  Smart MLS #170576630 | ||
| 6/22/2023 | Pending sale | $695,000$183/sqft |
Source: Smart MLS #170576630 | ||
| 6/19/2023 | Contingent | $695,000$183/sqft |
Source: Smart MLS #170576630 | ||
| 6/11/2023 | Listed for sale | $695,000+54.4%$183/sqft |
Source: Smart MLS #170576630 | ||
| 8/3/2017 | Listing removed | $450,000$118/sqft |
Source: Global Realty #99187544 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,452 +2.3% | $418,250 |
| 2024 | $10,222 +4.8% | $418,250 |
| 2023 | $9,758 +25.2% | $418,250 +51.4% |
Find assessor info on the county website
Neighborhood: 06810
Nearby schools
GreatSchools rating
- 5/10Morris Street SchoolGrades: K-5Distance: 0.3 mi
- 3/10Rogers Park Middle SchoolGrades: 6-8Distance: 1.5 mi
- 2/10Danbury High SchoolGrades: 9-12Distance: 1.8 mi
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$924,100
2% more+ $18,482
With Zillow Showcase(estimated)
$942,582