Exceptional investment opportunity in a highly desirable Norwalk location! This 6-unit property features a diverse unit mix: one 3-bedroom, one 2-bedroom, and four 1-bedroom units, appealing to a broad tenant base. The 3-bedroom unit includes an in-unit washer and dryer, adding convenience and rental appeal. With below-market rents, this asset presents significant value-add potential through strategic rent increases and property enhancements. Located near major highways, public transportation, shopping, and dining, it has strong tenant demand and long-term appreciation. A prime opportunity for investors looking to maximize cash flow and equity growth.
Sold for $1,320,000 on 06/30/25
$1,320,000
28 Ferris Avenue, Norwalk, CT 06854
9beds
10,043sqft
Multi Family
Built in 1975
-- sqft lot
$1,323,700 Zestimate®
$131/sqft
$3,175 Estimated rent
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Home value
$1,323,700
$1.26M - $1.39M
$3,175/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 02, 2025 at 11:10am
Listed by:
TEAM TEN HOMES AT WILLIAM RAVEIS,
Joseph A. Tracey 203-676-9953,
William Raveis Real Estate 203-433-4387,
Co-Listing Agent: Ryan Newport 860-414-2265,
William Raveis Real Estate
Bought with:
Non Member
Non-Member
Source: Smart MLS,MLS#: 24081046
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard, Gas on Gas, Electric, Natural Gas
Cooling
- Wall Unit(s)
Appliances
- Included: Water Heater
Features
- Basement: Full
- Attic: Walk-up
- Has fireplace: No
Interior area
- Total structure area: 10,043
- Total interior livable area: 10,043 sqft
- Finished area above ground: 4,650
- Finished area below ground: 5,393
Property
Parking
- Parking features: None
Lot
- Size: 10,018 sqft
- Features: Level
Details
- Parcel number: 250656
- Zoning: D
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Aluminum Siding, Stucco
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- New construction: No
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Norwalk
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2025 | Sold | $1,320,000-4%$131/sqft |
Source:  Smart MLS #24081046 | ||
| 5/8/2025 | Pending sale | $1,374,999$137/sqft |
Source: Smart MLS #24081046 | ||
| 4/2/2025 | Price change | $1,374,999-1.8%$137/sqft |
Source:  William Raveis Real Estate, Mortgage & Insurance #24081046 | ||
| 3/17/2025 | Listed for sale | $1,399,999+40%$139/sqft |
Source: Smart MLS #24081046 | ||
| 2/11/2025 | Sold | $1,000,000$100/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,778 +1.5% | $742,410 |
| 2024 | $17,514 +25% | $742,410 +33.4% |
| 2023 | $14,007 +1.9% | $556,690 |
Find assessor info on the county website
Neighborhood: 06854
Nearby schools
GreatSchools rating
- 4/10Kendall Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 4/10Ponus Ridge Middle SchoolGrades: 6-8Distance: 1.2 mi
- 3/10Brien Mcmahon High SchoolGrades: 9-12Distance: 1.5 mi
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$1,323,700
2% more+ $26,474
With Zillow Showcase(estimated)
$1,350,174