53 Norton Street, Bristol, CT 06010
Local realty services provided by:Better Homes and Gardens Real Estate Gaetano Marra Homes
53 Norton Street,Bristol, CT 06010
$495,000
- 5 Beds
- 3 Baths
- 3,216 sq. ft.
- Multi-family
- Active
Listed by:shy grahame
Office:berkshire hathaway ne prop.
MLS#:24105152
Source:CT
Price summary
- Price:$495,000
- Price per sq. ft.:$153.92
About this home
VALUE ADD!!! Investment opportunity in Bristol, CT | 11-unit cash-flowing portfolio consisting of (one) 5-unit (one) 3-unit and (one) 3-unit w/ a garage + 1 additional unit being used for owner storage. 53 Norton is centrally adjacent to one another for ease of management and includes a 440 sq ft garage + 1-Room & 1-Bathroom w/ electric heat that is currently used for storage. 11-unit price is $1.6M and 14-unit price which includes the additional 3 units at 116 Divinity, Bristol is $1.9M. These properties MUST BE SOLD AS A PACKAGE: 52 Colony St, 53 Norton St, 6 Houghton, and 8 Houghton - 116 Divinity can be purchased at a discounted sale price with the portfolio. Ideal for a 1031 exchange or cash-flow investor looking for a low maintenance investment with minimal renovation needs, in a high-demand rental market. Actual income $204k/year with pro forma rents projected at $261k/year, offering a 7% actual-CAP and 9.8% proforma. Properties are in a good condition with gas and electric heat, plenty of off-street parking, and strong upside with below-market rents. Financials (rent roll, P&L, leases) available upon request with POF or Pre-Approval. Don't miss out on this rare opportunity in one of Bristol's strongest rental corridors.
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Home facts
- Year built:1910
- Listing ID #:24105152
- Added:97 day(s) ago
- Updated:September 20, 2025 at 11:29 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Living area:3,216 sq. ft.
Heating and cooling
- Cooling:Window Unit
- Heating:Baseboard
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1910
- Building area:3,216 sq. ft.
- Lot area:0.1 Acres
Schools
- High school:Per Board of Ed
- Elementary school:Per Board of Ed
Utilities
- Water:Public Water Connected
Finances and disclosures
- Price:$495,000
- Price per sq. ft.:$153.92
- Tax amount:$8,574 (July 2025-June 2026)
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