Home / Listings / Norwalk
Under Contract · For Sale
$950,000

263 Main Avenue, Norwalk, Connecticut 06851

Studio beds 3 baths 3,660 sq ft Commercial For Sale Built 1920

About this home

A remarkable opportunity to acquire a mixed-use income property in Norwalk. 263 Main Avenue presents four income-producing units - three residential apartments and a street-level commercial space - all operating on month-to-month tenancies, offering an incoming owner maximum flexibility to optimize rents and reposition the asset. Situated on busy Main Avenue with excellent visibility and foot traffic, this property is ideally suited for the savvy investor seeking immediate cash flow with significant upside potential. Whether you choose to hold, renovate, or restructure, this property delivers day-one income and a clear path to a higher cap-rate.

Status
Under Contract
Type
Commercial For Sale
Price
$950,000
Beds
Studio
Baths
3
Interior
3,660 sq ft
Lot
0.24 ac
Year Built
1920
MLS #
24171829
ZIP
06851
Days on Market
34
Heat
Gas on Gas
Cooling
Wall Unit
Water
Public Water Connected
Sewer
Public Sewer Connected

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

Taxes

Property tax
$14,670 (July 2025-June 2026)
Assessed value
$612,640

Interior

Flooring
Concrete, Tile, Vinyl

Building & Exterior

Roof
Asphalt Shingle
Foundation
Block

Lot & Land

Zoning
CD3
Lot
Level Lot
Road frontage
State Road, Paved Road

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
Stop & Shop0.57 mi away · 11 min walk
Also nearby
Key Food1.29 mi away
Pharmacy
CVS Pharmacy0.21 mi away · 4 min walk
Train
Merritt 7 Station1.04 mi awayMetro-North Railroad
Bus stop
Bus stop0.32 mi away · 6 min walk
School zone
Check the district's school finder the MLS did not name one for this address
~1.0 miStop & Shop — 0.57 miKey Food — 1.29 miCVS Pharmacy — 0.21 miMerritt 7 — 1.04 miBus stop — 0.32 mi
This homeGroceryPharmacyTrainBus

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 4 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.

4 comparable sales — median $924,500, ranging $712,000 to $1,150,000.

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.

2026-08-17Under contract — $950,000MLS 24171361
2026-08-17Under contract — $950,000 (this listing)MLS 24171829

Public record

From the Norwalk 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 built1955
Living area1,600 sq ft
Lot size0.24 acres
Stories1
HeatForced Air
ExteriorConcrete
Assessed value$612,640
Town appraisal$875,200
Last recorded sale2022
Listing courtesy of BHHS Darien/New Canaan — Jennifer McDade · (203) 655-5114

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