38 Glenwood Avenue

Located in the heart of Fairfield County along Connecticut’s picturesque Gold Coast, Norwalk is a dynamic and rapidly growing city known for its unique combination of historic character, economic opportunity, and coastal living. Positioned just 40 miles northeast of New York City, Norwalk offers exceptional connectivity via I-95, the Merritt Parkway, Metro-North Railroad, and proximity to major airports, making it a strategic hub for both businesses and commuters. Norwalk’s diverse and resilient economy is driven by a strong mix of industries, including finance, healthcare, real estate, technology, education, and professional services. The city is home to major corporate headquarters, innovative startups, and a thriving small business community. Recent revitalization efforts, particularly in South Norwalk ("SoNo"), have transformed the downtown area into a vibrant destination, featuring award-winning restaurants, boutique shops, modern office spaces, and residential developments. Norwalk also offers an exceptional quality of life. Residents enjoy a wealth of cultural and recreational amenities, from the Maritime Aquarium and Stepping Stones Museum for Children to live music venues, art galleries, and an active waterfront lifestyle centered around its marinas and beaches. Outdoor enthusiasts appreciate Norwalk’s extensive parks, golf courses, and nature preserves, while families benefit from excellent public and private schools and a strong sense of community engagement. With a blend of rich history, modern infrastructure, an attractive business environment, and coastal charm, Norwalk stands as a premier location for companies looking to grow and for individuals seeking a high quality of life within reach of the greater New York metropolitan area.NPCG is pleased to present the exclusive opportunity to purchase The Apartments at Glenwood, a 10-unit multifamily opportunity located at 38-40 Glenwood Avenue, Norwalk CT. The Apartments at Glenwood is comprised of eight (8) two-bedrooms and two (2) one-bedroom apartments. Six (6) of the units are 2-Bedroom townhomes with garages. The current owner has renovated 6 of the units and has achieved significant rent premiums (between 18% and 20% increases) compared to unrenovated units. A new owner can continue the value-add business plan on the remaining 4 units. The property features amenities such as private entrances, in-unit laundry, central A/C, garages, and decks. Tenants are responsible for their own electric and heating expenses while the landlord is responsible for cold water and sewer expenses.