26 Nathans Lane, Madison, CT 06443

$515,000 Asking Price

3 beds
2 baths
2,178  sqft
Built in 1920

This one was worth the wait. One of a kind offering. A rare investment opportunity. One of two parcels in Madison designated as "Transitional Zone". Special permit approved to legalize historical use of (3) three-unit dwelling as a Planned Residential Development. This property does not need to be owner occupied. Live in one unit and rent the other two units or rent all three. Does not require owner occupancy for the units to be rented. The main home resting on a gentle knoll is a duplex with separate entrances, electric meters, heating, parking, and mailboxes. Largest unit of the duplex has three bedrooms, one on the first floor and two on the second floor. There is a family room, kitchen, dining room, sitting room with fireplace, and family room on second floor. This unit has natural gas and separate electric meter. The smaller unit in the duplex is a one-bedroom unit, family room with fireplace, eating nook, office, and modest kitchen. It is heated with oil and has separate electric meter. A second meter to transfer to natural gas was installed for future use. The detached red barn is the third unit comprised of one bedroom; family room open to eat-in kitchen area. This unit has separate electric meter, propane and electric baseboard heat. The duplex and red barn have separate septic systems. The septic system was cleaned and inspected in 2022. Property priced to be sold as is. Inspections are for informational purposes only. Property also cross-listed on MLS-24007972


Features & Amenities

Interior

Rooms:
Sitting Room
Appliances:
Electric Cooktop,Electric Range,Refrigerator,Freezer
Laundry:
Main Level
Basement:
Full
A/C:
Window Unit
Heating:
Hot Water, Natural Gas
Fireplace:
Fireplaces: 1

Exterior

Style:
Colonial,Barn
Parking:
Parking spaces: 6

Construction

Roofing:
Asphalt Shingle

Location

County:
New Haven

Lot

Driveway:
Private,Shared,Circular,Gravel
Zoning:
T, 1155557

Utilities

Water:
Public Water Connected
Sewer:
Septic

This listing courtesy of:
Berkshire Hathaway NE Prop., Heather Clinton

About Madison, CT

Housing

Number of Units
8,039
Median Home Value
$444,044
Median Rent
$1,120

16.01% of housing units are renter occupied.

13.32% are vacant.

Commute

Car
57.24%
Public Transportation
2.19%
Walk to Work
0.45%
Work from Home
38.36%
Other
0.92%

The median travel time to work is 20 minutes.

People

Population
17,641
Median Age
49.40
Median Household Size
2.79

Education

High School
15.03%
Associate’s Degree
5.94%
Bachelor’s Degree
34.23%
Graduate Degree
30.58%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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