Nathaniel B. Weed Gatehouse 47 Hollow Tree Ridge Rd 2 Unit Apartment Building $1,750,000 ($875,000/Unit) 7.26% Cap Rate Darien, CT 06820

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.