Property Description
National Multifamily is pleased to present 251 Mill Street, a mixed-use investment opportunity located in the Byram neighborhood of Greenwich, CT. The property consists of seven total units, five residential and two street-level retail spaces, totaling approximately 5,751 square feet on a 0.06-acre parcel.
Built in 1920, the building features five residential units, all configured as 2-bedroom, 1-bathroom apartments, along with two ground-floor retail spaces offering street visibility in a high-foot-traffic area. The property presents a value-add opportunity through interior upgrades and rental repositioning, with the potential to increase income and overall asset value.
Though the property does not offer on-site parking, it benefits from a walkable location just steps from the New York border and close proximity to the Port Chester Metro-North station, local bus routes, shops, restaurants, and everyday conveniences.
Greenwich remains one of Connecticut’s most sought-after markets, and the Byram section continues to see steady demand due to its accessibility, charm, and proximity to both downtown Greenwich and Westchester County. 251 Mill Street offers investors a rare opportunity to acquire a stabilized asset with upside potential in a historically strong rental market.
