14 Elm StreetNew Milford, CT 06776MLS Number 24141791

  • Price: $639,900
  • Est. Mortgage of $/month
  • 13 Days on Market
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  • 2Bedrooms
  • 0.29Acreage
  • 2Bathrooms
  • 1800Year Built

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Village Center Jewel! Looking for a flexible, high-potential investment opportunity? Don't let this one pass you by. This well-maintained and updated mixed-use commercial/residential building is located in the highly flexible Village Center (VC) Zone of downtown New Milford and is ready now for immediate occupancy. The upper-level features two residential apartments, each offering 1 bedroom, 1 full bath, and 864 sq ft of living space. The main level is currently configured as three private office spaces with a shared conference room and a kitchen/break room, ideal for professional or co-working uses. The basement level is fully rented for storage, adding steady supplemental income. A massive walk-up attic provides an incredible value-add opportunity-perfect for creating a third and even fourth residential apartment, pending approvals. Outside, the expansive rear parking lot easily accommodates ample parking for both residents and commercial tenants. Located in the vibrant heart of New Milford's Village Center, this property offers myriad uses and exceptional flexibility-a perfect fit for the savvy investor looking to begin or expand their portfolio.
Listed by Todd P. Sargent of Coldwell Banker Realty ((203) 948-1729)

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More Info

Basic Information

  • StatusACT
  • List Price$639,900
  • Square Feet3,456
  • Virtual TourView Tour
  • Units6
  • Net operating income41950
  • Property subtypeOther
  • Property TypeMulti-Family For Sale
  • Acreage0.29
  • MLS Number24141791

Interior

  • Rooms total multifamily6
  • RoofAsphalt Shingle
  • Rooms6

Utilities

  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air
  • Hot water descriptionElectric, Domestic
  • Heating FuelElectric, Natural Gas
  • Heat SystemHot Air
  • Sewage systemPublic Sewer Connected
  • Sewer usage fee annual2000

Tax Information

  • Milrate total32
  • Tax YearJuly 2025-June 2026
  • Assessed value$270,330
  • Taxes$8,561

Building

  • Bedrooms2
  • Bathroom2
  • Year Built1800
  • Property StyleUnits on different Floors, Other
  • Energy FeaturesProgrammable Thermostat
  • FoundationBrick, Stone
  • Garage Parking InfoNone, Paved, Parking Lot, Off Street Parking
  • New construction typeNo/Resale
  • AtticYes
  • Attic descriptionUnfinished, Storage Space, Floored, Walk-up
  • BasementFull, Unfinished, Storage, Interior Access, Concrete Floor, Full With Walk-Out
  • Full Bath2

Water Body

  • Waterfront DescriptionNot Applicable

Legal

  • ZoningVC

School Information

  • Elementary SchoolNorthville
  • High SchoolNew Milford

Location

  • StateCT
  • Zip06776
  • CountyLitchfield
  • Building Number14
  • Junior HighSarah Noble Intermediate Schoo
  • Middle Junior High SchoolSchaghticoke

Property

  • Lot DescriptionCity Views, Level Lot
  • Parking Spaces16

Exterior

  • ColorWhite
  • Exterior features
    • French Doors
    • Gutters
    • Lighting
    • Porch
    • Porch-Wrap Around
    • Sidewalk
  • Exterior sidingAluminum

Amenities

  • Amenities
    • Health Club
    • Lake
    • Library
    • Medical Facilities
    • Park
    • Private School(s)
    • Public Transportation
    • Shopping/Mall

Other

  • Date Listed11/23/2025
Sotheby's International Realty | William Pitt

Your Local Office

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Sotheby's International Realty | William Pitt
Office: 203-796-7700
112 Federal Road
Danbury, CT 06811

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