Home / Listings / New Canaan
Active · For Sale
$1,795,000

19 Urban Street, New Canaan, Connecticut 06840

5 beds 3 baths 2,534 sq ft Multi-Family For Sale Built 1941

About this home

JUST REDUCED-AMAZING PRICE. Exceptional investment opportunity in the heart of New Canaan. This fully leased, income-producing 3-family property offers immediate cash flow and long-term value in one of Fairfield County's most desirable communities. Generating $9000+ per month in rental income, the property is meticulously maintained and features 3 well appointed residences, each with in-unit laundry, garage and functional layouts that attract quality tenants. A rare offering, the property incls 6 garage spaces-4 attached to the main residence plus a detached 2-car garage with loft storage-providing additional rental potential, storage, or future flexibility. The charming grounds feature a delightful garden setting, creating an appealing environment for residents. Ideally located within walking distance to New Canaan's vibrant downtown, residents enjoy easy access to fine dining, boutique shopping, parks, cultural attractions, and the Metro-North train with direct service to Grand Central Terminal. Consistently recognized for its top-rated schools, picturesque New England character, and exceptional quality of life, New Canaan remains one of Connecticut's most sought-after residential destinations. Whether expanding an investment portfolio or seeking a multi-generational living opportunity with strong income potential, this turnkey property presents a rare chance to own a premier multi-family asset in an exceptional location. This is a rare opportunity for a savvy purchaser

Status
Active
Type
Multi-Family For Sale
Price
$1,795,000
Beds
5
Baths
3
Interior
2,534 sq ft
Lot
0.21 ac
Year Built
1941
MLS #
24179698
ZIP
06840
Days on Market
92
Heat
Oil, Propane · Hot Water
Cooling
Split System, Window Unit
Water
Public Water Connected
Sewer
Public Sewer Connected
Parking
Attached Garage, Detached Garage, Under House Garage (6-car)
Laundry
Washer/Dryer All Units — W/D in each unit
Flood Zone
No

Flood risk: check the FEMA flood map for this address.

Schools

Elementary
East
Middle / Jr High
Saxe Middle
High School
New Canaan

Taxes

Property tax
$12,410 (July 2026-June 2027)
Assessed value
$731,430

Interior

Basement
Full, Garage Access, Walk-out
Fireplaces
1
Total rooms
12

Building & Exterior

Style
Units are Side-by-Side
Roof
Asphalt Shingle
Siding
Stucco
Exterior features
Balcony, Garden Area
Foundation
Concrete
New construction
No/Resale

Lot & Land

Zoning
BRES
Lot
Level Lot

What it would cost per month

An estimate you can adjust — not a quote, and not an offer of credit. Principal and interest only, plus the taxes and HOA already on this listing. Insurance, PMI and closing costs are not included. Rate seeded at 6.5% (August 2026); change it to whatever your lender quotes.

/mo
principal & interest

What's nearby

Grocery
Walter Stewart's Market0.68 mi away
Also nearby
Acme0.82 mi away
Pharmacy
CVS Pharmacy0.55 mi away · 11 min walk
Train
New Canaan Station0.62 mi awayMetro-North Railroad
Elementary
East
Middle
Saxe Middle
High school
New Canaan
~0.6 miWalter Stewart's Market — 0.68 miAcme — 0.82 miCVS Pharmacy — 0.55 miNew Canaan — 0.62 mi
This homeGroceryPharmacyTrain

Real streets from OpenStreetMap; distances are straight-line from the property, not driving routes.

Distances are straight-line from the property, not driving or walking routes. Places data © OpenStreetMap contributors.

Recent comparable sales

The 5 closest recent sales to this home, nearest match first — same building where possible, then the surrounding streets, widening only when there is nothing closer. These are recorded sale prices from the MLS, not estimates. No automated valuation is shown, because what a home is worth depends on condition, layout and timing that a formula cannot see — call John at 203·883·3399 to read them properly against this home.

5 comparable sales — median $1,275,000, ranging $1,175,000 to $1,625,000.

Listing & sale history

Every time this exact home has come to market in the MLS data this site tracks. Where a sale closed, the recorded sale price is shown; "asking" marks a price the home was listed at rather than what it sold for.

2026-08-05Listed — $3,500/moMLS 24196874
2026-06-19Listed — $1,795,000 (this listing)MLS 24179698
2025-10-14Sold — $1,280,000 asked $1,150,000MLS 24126099

Public record

From the New Canaan assessor's public property record. These figures describe the property as the town has it on file and can differ from the listing — a finished basement or an addition may not be reflected in the assessor's living area.

Year built1941
Living area2,534 sq ft
Total rooms12
Lot size0.21 acres
Stories1.75
HeatHot Water
ExteriorStucco
Assessed value$731,430
Town appraisal$1,044,900
Last recorded sale2011 — $450,000

Recorded sales

Deed transfers on file with the New Canaan land records, newest first. These are recordings rather than MLS sales, so they include transfers that were never listed. Nominal and $0 transfers (estate, trust and family conveyances) are excluded.

Listing courtesy of William Raveis Real Estate — Denise Gannalo · (203) 966-3555

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