47 Hollow Tree Ridge Rd - Apartments FOR SALE


Darien, CT 06820
$1,800,000 USD
203-357-7001
47 Hollow Tree Ridge Rd, Darien, CT for Sale
$1,800,000 USD
Apartments - FOR SALE
1/48
null | 7.06% Cap Rate

47 Hollow Tree Ridge Rd
Darien, CT 06820


HIGHLIGHTS

  • Legal 2 Family in Darien - $150K Gross Rents, separate utilities
  • Two 3 Bedroom 2 Bath Units + Home Office with Separate entrance and bath
  • Close to Darien Commons and Norton Heights Train to NYC

OVERVIEW

This two-family property offers a compelling investment with a strong capitalization rate (Cap Rate) based on current and historical rental performance. Located in Darien’s desirable market, the property attracts high-quality tenants, supporting stable rental income. Historical Property, however, there are NO building or improvement restrictions relating to historical homes in Darien. A Rare Darien Gem. Discover a rare opportunity to own this historic Federal Colonial two-family home, one of Darien’s few multi-family properties. Spanning over 3,460 SF on 0.47 acres, this turn-key furnished residence blends timeless elegance with modern versatility, ideal for investors, families, multi-generational households, or young couples seeking rental income. Historic Charm, Modern Comfort • Two townhouse-style units (3 BR/2 BA each) with original wide-plank floors, handhewn beams, and custom woodwork. • Fully updated with a 2024 Mansard roof, custom copper gutters, renovated kitchens, baths, and mechanicals. • Bonus space with private entrance and bath—perfect for a home office or guest suite. Unmatched Versatility & Income Potential • Live in one unit, rent the other for ~$6,000–$6,500/month, or rent both for strong cash flow with low expenses (water, taxes, insurance). • Easily convert to a 6+ BR single-family home via existing doorways—ideal for families or multi-generational living with multiple entry points. Outdoor Oasis Entertain on the bluestone patio or multi-level decks, overlooking a large, level, tree-lined backyard. French doors and a covered porch enhance the historic allure. Prime Darien Location Steps from the train, beaches, Darien Commons shops, and the YMCA, in the award-winning Hindley School district. Easy I-95 access for NYC commute. Antique Federal Style Colonial (c. 1843) – No Historical Improvement Restrictions “The Nathaniel B. Weed Gatehouse” • Income/Investment – Legal Two-Family Home (separate utilities) • Rent out one or both three bedroom townhouse style apartments for recurring revenue • Open entire home as a large 3,460+ SF single-family residence on private 0.47 acres • Six Bedroom, two fully-equipped kitchen, plus home office ensuite with separate entrance, and private deck • Perfect for multi-generational living • Nearly ½ acre level, tree-lined level property with plenty of various entertainment spaces • Original wide-plank floors, hand-hewn beams, custom woodwork, and other period details • Multiple wood-burning working fireplaces • Tastefully modernized kitchens and bathrooms • Separate electric meters and updated mechanicals throughout • New roof 2024 • Great location – walk to Noroton Heights train station, Darien Commons for shops and restaurants, schools, YMCA, beaches, and more • Vary rare legal non-conforming two-family on double plot • Owner states potential for attached garage on right rear side of property with interior access (all plans are subject to town approval) • Home is being sold turn-key with most furniture included.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$426 USD /SF

# OF UNITS

2

PRICE/UNIT

$900,000

CAP RATE

7.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nathaniel B. Weed Gatehouse

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1843

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

R-1/3

APN/PARCEL ID

DARI-000047-000000-000131-000132

ASK ABOUT THIS PROPERTY

Karen FinnGatehouse Realty Inc.More Info
203-357-7001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Karen FinnGatehouse Realty Inc.More Info
203-357-7001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.