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Property Description
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.
Features
Heating System:
Baseboard
Cooling System:
Window Unit
Basement:
Full
Foundation Type:
Concrete, Masonry
Heat Fuel Type:
Electric
Exterior Siding:
Vinyl Siding, Brick
Fireplaces Total:
0
Parking Total Spaces:
0
Hot Water Description:
40 Gallon Tank
Lot Description:
Level Lot
Water Source:
Public Water Connected
Address Map
Street:
Norton
Street Number:
53
Floor Number:
0
Longitude:
W73° 2′ 36.9”
Latitude:
N41° 40′ 10.9”
MLS Addon
Office Name:
Berkshire Hathaway NE Prop.
Agent Name:
Shy Grahame
List Agent MLSID:
GRAHAMES
List Office MLSID:
BHHS10
Tax Year:
July 2025-June 2026
Directions:
Per GPS
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
HOA Fee Amount:
$0
Parcel Number:
471439
Property Tax:
$8,574
Zoning:
R-15/R

Multi-family For Sale

53 Norton, Bristol, 06010

5 Bedrooms
3 Bathrooms
3,216 Sqft
$495,000
Listing ID #24105152
Basic Details
Property Type :
Multi-family For Sale
Listing Type :
For Sale
Listing ID :
24105152
Price :
$495,000
Bedrooms :
5
Baths Total :
3
Bathrooms :
3
Half Bathrooms :
0
Square Footage :
3,216 Sqft
Year Built :
1910
Lot Area :
0.10 Acre
City:
Bristol
Zipcode:
06010
Property Sub Type :
3 Family
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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A full-time agent with RE/MAX for 17 years. Marketing Business Degree WCSU. Volunteer Danbury Hospital. RE/MAX Executive Club. Read More…