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32 Josephine Evaristo Ave 2 Unit Apartment Building Offered at $995,000 at a 5.94% Cap Rate Greenwich, CT 06830
Executive Summary
Unique two-family opportunity offering immediate income and future redevelopment potential. The existing up/down two-family features 4 bedrooms, 2 baths and approximately 1,909 SF, plus basement and garage. Ideal for an investor, owner-occupant and or developer. The upper unit is currently rented at $3,000/month on a month-to-month basis, while the first-floor unit was previously rented for $2,650/month, offering potential gross annual income of $67,800. Situated on approximately .12 acres in the R-6 zone with public water and sewer. Potential redevelopment opportunity for a new side-by-side two-family residence, subject to zoning, Town approvals and buyer due diligence. An opportunity to generate income today while exploring the property's longer-term potential.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$67,800
|
$35.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,800
|
$35.52
|
| Taxes |
$5,680
|
$2.98
|
| Operating Expenses |
$3,000
|
$1.57
|
| Total Expenses |
$8,680
|
$4.55
|
| Net Operating Income |
$59,120
|
$30.97
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $67,800 |
| Annual Per SF | $35.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,800 |
| Annual Per SF | $35.52 |
| Taxes | |
|---|---|
| Annual | $5,680 |
| Annual Per SF | $2.98 |
| Operating Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $1.57 |
| Total Expenses | |
|---|---|
| Annual | $8,680 |
| Annual Per SF | $4.55 |
| Net Operating Income | |
|---|---|
| Annual | $59,120 |
| Annual Per SF | $30.97 |
Property Facts
| Price | $995,000 | Lot Size | 0.12 AC |
| Price Per Unit | $497,500 | Building Size | 1,909 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 5.94% | Year Built | 1906 |
| No. Units | 2 | Parking Ratio | 1.05/1,000 SF |
| Property Type | Multifamily |
| Price | $995,000 |
| Price Per Unit | $497,500 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.12 AC |
| Building Size | 1,909 SF |
| No. Stories | 3 |
| Year Built | 1906 |
| Parking Ratio | 1.05/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,650 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | GREE-000003-000000-001639-S000000 | Total Assessment | $459,620 (2025) |
| Land Assessment | $331,730 (2025) | Annual Taxes | $5,680 ($2.98/SF) |
| Improvements Assessment | $127,890 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
GREE-000003-000000-001639-S000000
Land Assessment
$331,730 (2025)
Improvements Assessment
$127,890 (2025)
Total Assessment
$459,620 (2025)
Annual Taxes
$5,680 ($2.98/SF)
Tax Year
2026
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32 Josephine Evaristo Ave