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128 Grasmere Ave

4 Unit Apartment Building $1,050,000 ($262,500/Unit) 8.19% Cap Rate Fairfield, CT 06824

Investment Highlights

  • Desirable Location
  • Strong Rental Market
  • Proximity to Local Colleges
  • Transit Oriented Property
  • Section 8 Opportunity
  • Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 128 Grasmere Avenue in Fairfield, Connecticut (the “Property”). The Property is improved by a one-story multi-family building containing four (4), 1-Bedroom/1- Bathroom units with 2,665 square feet of living area in 3,665 square feet of gross area on a 0.11-acre parcel. The Property also features a basement that consists of four (4) private storage units. 128 Grasmere Avenue is positioned along a quiet tree-lined street in a residential neighborhood in the east end of Fairfield. The Property is seconds from US Route 1, and Post Road/Fairfield Avenue, two of the area’s primary commercial and commuter corridors and enjoys convenient access to the retailers and restaurants, schools, parks and recreation areas, and public beaches. The Property is within walking distance of several municipal bus stops and the Fairfield-Black Rock Train Station and is close to area highways (Interstate 95 and CT Routes 8 & 15). 128 Grasmere Avenue is within 5-miles of four colleges and universities and is close to the area’s largest cities (Bridgeport, Norwalk, Stamford and New Haven) which provide access to additional cultural and entertainment centers, and major employers.

Property Facts

Price $1,050,000
Price Per Unit $262,500
Sale Type Investment
Cap Rate 8.19%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Lot Size 0.11 AC
Building Size 3,665 SF
Average Occupancy 100%
No. Stories 1
Year Built 1919
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 34083036

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 128 Grasmere Ave, Fairfield, CT 06824

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