This updated legal two-family Colonial on a 3/4-acre lot presents an exceptional investment opportunity, with a solid cap rate of 7.9%. Situated in a highly desirable neighborhood surrounded by expensive single-family homes, this multi-family asset stands out as a solid addition to any portfolio. Both units have been renovated including mechanicals, electrical, and plumbing helps to ensure low maintenance costs. The interior updates harmonize seamlessly with the historic charm, offering strong tenant appeal. The 3 bay detached garage has a full width and length storage loft above with separate entrance. The net operating income is substantial and stable with minimal vacancy risk, makes it ideal for both new and seasoned investors seeking reliable cash flow and long-term appreciation. 24 hour prior notice needed - Tenants in Possession. Brokers and Agents: Please vet your buyers prior to scheduling a showing to make sure they are serious, and qualified buyers to minimize disruption to the tenants. Income and Expense summary is available. Thank you for your cooperation. Peter
For sale
Price cut: $42K (6/10)
$800,000
97 Green Hill Road, Madison, CT 06443
4beds
2,492sqft
Est.:
Multi Family
Built in 1825
-- sqft lot
$-- Zestimate®
$321/sqft
$-- HOA
What's special
Legal two-family colonialHistoric charm
- 60 days
- on Zillow |
- 1,779 |
- 54 |
Zillow last checked: 7 hours ago
Listing updated: July 02, 2025 at 11:28pm
Listed by:
Peter Lucchese,
Sound Harbor Realty LLC
Source: Smart MLS,MLS#: 24098502

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Oil
Cooling
- Central Air
Appliances
- Included: Water Heater
- Laundry: Common Area, In Unit
Features
- Windows: Storm Window(s)
- Basement: Full,Storage Space,Interior Entry,Concrete
- Attic: Access Via Hatch
- Has fireplace: No
Interior area
- Total structure area: 2,492
- Total interior livable area: 2,492 sqft
- Finished area above ground: 2,492
Property
Parking
- Total spaces: 10
- Parking features: Detached, Paved, Off Street, Driveway
- Garage spaces: 3
- Has uncovered spaces: Yes
Lot
- Size: 0.76 Acres
- Features: Corner Lot, Wooded, Level, Rolling Slope
Details
- Parcel number: 1157113
- Zoning: RU-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units are Side-by-Side
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Clapboard
- Foundation: Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1825
Utilities & green energy
- Sewer: Shared Septic
- Water: Public
Green energy
- Energy efficient items: Windows
Community & HOA
Community
- Features: Golf, Health Club, Library, Medical Facilities, Park, Private School(s), Public Rec Facilities, Tennis Court(s)
HOA
- Has HOA: No
Location
- Region: Madison
Financial & listing details
- Price per square foot: $321/sqft
- Tax assessed value: $315,600
- Annual tax amount: $7,079
- Date on market: 5/24/2025
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