36 Taylor Ave · Norwalk, CT 06854

$1,300,000

5 bd · 5.0 ba · 2,973 sqft · MultiFamily public records · 41 Days on market

Built 1918 6,098 sqft lot $437/sqft · 55% above area Est $906k · 43% over

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.1/30.0
• DSCR +8.2/10.0
• 1% rule +5.8/10.0
• Livability +3.9/5.0
• Schools +3.4/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 4 units. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

Opportunity Knocks in the Heart of Norwalk! 36 Taylor Avenue offers the perfect blend of location, income potential, and long-term upside. This 4-unit multifamily is a true cash flow opportunity-turnkey and ready to generate rental income from day one. Whether you're a seasoned investor looking to expand your portfolio or a new comer seeking passive income, this property checks all the boxes. Each unit is thoughtfully laid out, offering comfortable living space and strong rental appeal. Located just minutes from Norwalk Hospital, SoNo, major transit lines, I-95, and the Metro-North station, tenants will love the convenience-and you'll love the steady income stream. Enjoy peace of mind with

Key facts

• Separate utilities
• 4 unit multifamily
• Turnkey

Tags

• 4 UNIT MULTIFAMILY
• CASH FLOW OPPORTUNITY
• TURNKEY
• SEPARATE UTILITIES
• AMPLE OFF STREET PARKING
• STRONG RENTAL HISTORY

Property features AI

Exterior

• Parking: Private paved asphalt driveway; Off-street paved parking and driveway; 6 total parking spaces
• Utilities: Public water connected; Public sewer connected
• Home design: Multi-family 4-family property; Frame construction; Gray exterior siding
• Construction: Asphalt shingle roof; Stone foundation
• Exterior features: Sidewalk; Corner lot

Interior

• Bedrooms: 6 bedrooms
• Bathrooms: 4 full bathrooms
• Heating & cooling: Hot air heating fueled by natural gas; Natural gas hot water with 40-gallon tank; Window air conditioning units
• Interior features: 13 total rooms; Full, unfinished basement; Finished walk-up attic

What this means for you Summary

Snapshot

• This is a 4 × 6-bed/4.0-bath units multifamily listed at $1.30M.

Deal economics

• At list price, monthly cash flow is $3k ($35k/yr) — positive. Per door: $719/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($14k rent vs $1.30M).
• Recommended offer: $1.26M (3.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 3.4% in Norwalk — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#41 in CT, #2,966 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, health & safety A+, crime A; Watch: amenities C-, cost of living F.
• Norwalk School District (urban): math 29% / reading 44% proficiency, ranked #104 of 153 in CT (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 74 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,151 units permitted in Western Connecticut Planning Region in 2024 (714 in 5+ unit buildings).
• At $13,999/mo this rent would consume 194% of the median local household income ($87k/yr) (locally 1720% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $9k of loan paydown is wiped out by about $39k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($1.26M) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 18y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $460k; list at $1.30M implies a 183% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 69% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,261,000 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1918 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.08% ✓
• Cap rate: 8.95%
• Cash-on-cash: 9.49%
• DSCR: 1.42
• GRM: 7.7

CMA / ARV

• ARV (median comp): $906,433
• List price: $1,300,000
• Delta: 43.42%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
109 Flax Hill Rd	0.25mi	5/3.0	2,958 (-0%)	23mo	$550,000	$186	60
34 Bayview Ave	0.23mi	6/2.0 (+1)	3,195 (+8%)	19mo	$875,000	$274	44
37 Clinton Ave	0.71mi	4/2.0 (-1)	2,695 (-9%)	11mo	$665,000	$247	25
21 Ferris Ave	0.60mi	4/2.0 (-1)	2,600 (-12%)	13mo	$770,000	$296	23

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.32% rent growth · sell at horizon

5-year hold

• IRR: -4.9%
• Equity multiple: 0.82×
• Total profit: $-64,447
• Equity at exit: $193,834

10-year hold

• IRR: 1.6%
• Equity multiple: 1.10×
• Total profit: $35,724
• Equity at exit: $112,400

Cash invested: $364,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06854

• Rents YoY: 0.3%
• Active inventory: 74
• Price-to-rent: 31.0×

Monthly cashflow live

• Estimated rent: $13,999 medium
• Mortgage (P&I): −$6,817
• Tax from tax record: −$823 /mo · $9,875/yr
• Insurance: −$542
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,940
• Net cashflow: $2,877

Break-even live

Break-even rent $10,357

Max offer price $1,300,000

Occupancy floor 74%

Sensitivity live

Price	-10% $3,613	-5% $3,245	+0% $2,877	+5% $2,509	+10% $2,141
Rent	-10% $1,771	-5% $2,324	+0% $2,877	+5% $3,430	+10% $3,983
Rate	-1.0pp $3,532	-0.5pp $3,208	base $2,877	+0.5pp $2,540	+1.0pp $2,198

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	6	4	$14,000
Total (4 units)			$13,999

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $325,000
• Closing costs: $39,000
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5 Hollow Spring Rd Norwalk, CT	5.0	2.5	2226	$7,500	$3.37	44d	1	0.88mi
50 Shorefront Park Norwalk, CT	4.0	3.5	3048	$22,000	$7.22	15d	1	1.06mi
50 Shorefront Park Norwalk, CT	4.0	3.5	3248	$22,000	$6.77	22d	1	1.06mi
40 Marlin Dr Norwalk, CT	4.0	2.5	2240	$4,800	$2.14	44d	1	1.11mi
32 Southwind Dr Norwalk, CT	4.0	3.0	2800	$4,800	$1.71	44d	1	1.13mi

Listing history 30 events

1. 2026-06-18
   days on market $1,300,000 Active 41 DOM
2. 2026-06-17
   days on market $1,300,000 Active 40 DOM
3. 2026-06-16
   days on market $1,300,000 Active 39 DOM
4. 2026-06-15
   days on market $1,300,000 Active 38 DOM
5. 2026-06-13
   days on market $1,300,000 Active 36 DOM
6. 2026-06-13
   days on market $1,300,000 Active 35 DOM
7. 2026-06-10
   days on market $1,300,000 Active 33 DOM
8. 2026-06-09
   days on market $1,300,000 Active 32 DOM
9. 2026-06-08
   days on market $1,300,000 Active 31 DOM
10. 2026-06-07
    days on market $1,300,000 Active 30 DOM
11. 2026-06-05
    days on market $1,300,000 Active 27 DOM
12. 2026-06-03
    days on market $1,300,000 Active 26 DOM
13. 2026-06-03
    days on market $1,300,000 Active 25 DOM
14. 2026-06-01
    days on market $1,300,000 Active 24 DOM
15. 2026-05-31
    days on market $1,300,000 Active 23 DOM
16. 2026-05-07
    listed $1,300,000 Active 1050-char remark
17. 2025-10-27
    historical
18. 2025-09-11
    price $1,215,000
19. 2025-08-30
    status Active
20. 2025-08-02
    status Under Contract
21. 2025-07-10
    listed $1,250,000 Active
22. 2010-03-04
    historical
23. 2010-02-04
    listed $549,900
24. 2010-02-01
    historical
25. 2009-11-30
    listed $569,000
26. 2009-10-16
    historical
27. 2009-04-15
    listed $569,000
28. 2009-03-16
    historical
29. 2008-09-17
    listed $650,000
30. 2004-09-03
    soldstatus $460,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $9,875 · $823/mo
• Projected year-2 tax: $18,848 · $1,571/mo
• Expected delta: +$8,972/yr (+$748/mo · 90.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 69% chance of damaging wind over 30 yrs
• 🫁 Air quality 8/10 Severe 13 unhealthy d/yr today · 18 by 30 yrs out

Taxation est. · year 1

• Rental income: $167,988
• − Mortgage interest: −$72,820
• − Property taxes: −$9,875
• − Insurance: −$6,500
• − Repairs & maintenance: −$13,439
• − Management: −$13,439
• − Depreciation: −$37,818
• Taxable income: $14,097
• Est. tax owed @ 24.0%: −$3,383
• After-tax cash flow: $31,144/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Norwalk School District
• NCES district ID: 0903090
• Math proficiency: 29% ▼ -11.00%
• Reading proficiency: 44% ▼ -6.00%
• Median HH income: $76,540
• Composite: 34.07/100
• National rank: #5297
• State rank: #104 of 153 in CT

Livability — Norwalk

• Score: 77/100
• State rank: #41
• US rank: #2966

Category grades

Amenities C- Commute A- Cost of living F Crime A Employment A+ Housing A- Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Norwalk, CT
• County: Fairfield County · 765,532 people
• City population: 89,026
• Metro: Bridgeport-Stamford-Norwalk, CT
• Population (ZIP): 32,118
• Household income: $86,679
• Rent vs Own: 52.9% rent · 47.1% own
• Severe rent burden: 1720.0

Population outlook (Western Connecticut County) Hauer SSP2

• By 2040: 685,031

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Hispanic / Latino 44% White 26% Black 22% Two or more races 19% Asian 4%
• Hispanic origin (detail): Mexican 8% Puerto Rican 6% Dominican 2%
• Common ancestry: Hispanic 3% Romanian 2% Subsaharan African 1%
• Foreign-born: 38% · Canada, Jamaica, Guatemala
• Languages at home: 50% English-only · Spanish 38% French/Haitian/Cajun 5% Other Indo-European 4%

Political lean MEDSL · Western Connecticut

• 2024 margin: D (+19.1) · D 58.8% · R 39.7% · Other 1.6%
• All cycles: 2024: D+19.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -286.00%
• Current HPI: 209.0301
• Rent YoY: ▲ 0.32%
• Metro: Bridgeport-Stamford-Norwalk, CT
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+182.6% since first listed

15 events — show timeline

• 2026-05-07 Listed $1,300,000 Smart MLS
• 2025-10-27 Listing Removed — Smart MLS
• 2025-09-11 Price Changed $1,215,000 Smart MLS
• 2025-08-30 Relisted — Smart MLS
• 2025-08-02 Pending — Smart MLS
• 2025-07-10 Listed $1,250,000 Smart MLS
• 2010-03-04 Listing Removed — Smart MLS
• 2010-02-04 Listed $549,900 Smart MLS
• 2010-02-01 Listing Removed — Smart MLS
• 2009-11-30 Listed $569,000 Smart MLS
• 2009-10-16 Listing Removed — Smart MLS
• 2009-04-15 Listed $569,000 Smart MLS
• 2009-03-16 Listing Removed — Smart MLS
• 2008-09-17 Listed $650,000 Smart MLS
• 2004-09-03 Sold (Public Records) $460,000 Public Records

Property tax history

+2.3%/yr

Latest (2023): $9,875 · +2.2% YoY. Source: county tax records.