Great investment opportunity in Downtown area of Shelton. This spacious 3-family sits on a level .17 acre lot with a 2 car detached garage and plenty of off street parking. First and second floor units have 2 bedrooms and 1 bath and are leased for $1300 and $1295 respectively. Each unit has updated kitchen and bath and both have central air. The third floor unit is a 1 bedroom and one bath and is leased for $875 per month. All new water heaters. Forced air furnaces are older but have been recently serviced and have years left of service (according to owner). Second floor AC coil and condenser are new. Updated electrical service for all units. Newer vinyl siding and the roof was just replaced. Detached garage and ample off-street parking. With a cap rate of 9% or better and Shelton's low tax rate and high rental demand, this multi-family is ideal for investors. There are so many updates in this home filled with woodwork details that are hard to find nowadays! Shared patio space. Close to Rt. 8, shopping, and restaurants. 24 hour notice required for all showings.

Listing Tools (detailViewNewGen)

Property Details of 109 Prospect Avenue, Shelton Center

Property Details

Interior Features

Utilities and Appliances

Community

Map Location

Listed by Chris S. Bacoulis of Realty ONE Group Connect

Listing Sold by Coldwell Banker Realty

The data relating to real estate for sale on this website appears in part through the SmartMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SmartMLS through a licensing agreement. Listing information is from various brokers who participate in the SmartMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from Residential Properties Ltd. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.