121 Railroad Street | North Canaan N/A

$335,000 | 4 Beds | 3 Baths (3 Full) | 2,008 Sq. Ft.

Excellent income-producing opportunity in the heart of North Canaan! This well-maintained three-unit multifamily property is connected to town water and town sewer, has separate utilities for each unit, and offers an ideal addition to any investment portfolio or an excellent owner-occupied opportunity. The property features two one-bedroom, one-bathroom apartments on the main level, providing strong rental appeal with easy, single-level living. The upper unit occupies the second and third floors and includes two bedrooms, one full bathroom, a large second-story deck overlooking the town, and a finished third floor with two additional rooms that add exceptional flexibility and value. Beautifully updated while preserving its historic character, the property offers the charm tenants appreciate with the modern conveniences they expect. Its prime in-town location places shopping, dining, schools, parks, and other everyday amenities just minutes away, contributing to consistent rental demand. Whether you're expanding your portfolio, seeking a turnkey investment, or looking to live in one unit while generating rental income from the others, this versatile multifamily property presents outstanding long-term potential. SmartMLS 24188055

Directions to property: GPS friendly

MLS Listing ID: 
SmartMLS 24188055
Building Details
Details about the building on a property.
Architectural Style: 
Antique
Year Built: 
1877
Living Area: 
2,008
Fireplaces: 
0
Construction
Foundation Details: 
Concrete
Roof: 
Asphalt Shingle
Exterior: 
Stucco
Room Details
Details about the rooms in the building.
Total Rooms: 
10
Total Bedrooms: 
4
Total Bathrooms: 
3
Total Full-Bathrooms: 
3
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Hot Water
Heating System Fuel: 
Oil
Cooling System: 
None
Water Source: 
Public Water Connected
Sewer: 
Public Sewer Connected
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.84
Waterfront: 
0
Water Body Category: 
Not Applicable
Public Record
Parcel Number: 
2408988
Annual Tax: 
$4,045.00
Property Zoning: 
3
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
7/9/2026
Contract Details
Details about the listing contract.
Possession: 
negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Holly Leibrock
Listing Co-Agent Name: 
Liza Reiss
Listing Office Name: 
Elyse Harney Real Estate
Listing Co-Office Name: 
Elyse Harney Real Estate