Don't miss this incredible investment opportunity! This beautifully renovated and updated property features two large 3 bed units, each offering a spacious layout. The 1st floor unit consists of 3 beds 2 full baths and ample living space. Upstairs, you'll find three generously sized bedrooms and a full bathroom. The property boasts new floors throughout, modern kitchen cabinets, and appliances, and plenty of storage space. Enjoy ample off-street parking on a level lot, complete with a detached two-car garage. Located within walking distance of downtown, restaurants, grocery stores, and with easy access to 395 and the casinos. Please submit Highest and Best Offers by 5pm Wednesday 6/17.
Rare chance to own a one-of-a-kind, spacious vintage large 2 family home with strong income potential. Featuring of spacious 6 bedrooms and 4 bathrooms, this property offers excellent cash flow for investors and is also ideal for owner-occupants looking to offset costs with rental incomes. Based on official records and historic registries, property is located within a Federally designated historic district in Norwich, CT. Washington St is a major thoroughfare here. Washington Street Historic District - An area documented for containing many of the late 19th-century structures that contribute to the area's historic fabric. The property is recorded as a contributing resource. This means it retains the historic character that makes the area historically significant. In line with the area, the property was built around 1860-predating the official historic district designation. As an owner, you can make renovations and updates, but any project visible from the street (exterior changes, additions, demolition, or major landscaping) will require review and approval from the local historic district department to ensure changes match the historic character. The good news is that being in a historic district often provides eligibility for state or federal tax credits, which can significantly offset the costs of qualified rehabilitation projects. For an investment property, leveraging these credits can enhance your financial returns. Arrange with Listing agent for private vi
Exceptional mixed-use investment opportunity featuring a well-established, turnkey restaurant business on the first floor and a spacious residential unit above. The restaurant comes fully operational with an established clientele and includes all restaurant equipment, furniture, and fixtures in the sale, making this a seamless opportunity for an owner-operator or investor. The second-floor apartment offers 3 generously sized bedrooms, 1 full bathroom, and abundant living space. The finished attic provides additional versatile space complete with another full bathroom, ideal for extended living, office space, or storage. This property also features a full basement providing ample additional storage space. This unique property offers excellent income potential and a rare opportunity to own both a thriving business and residential space in one package. Conveniently located near major highways, hospitals, and other local businesses.
Exceptional 7-unit multifamily investment opportunity located in one of New London County's most sought-after residential neighborhoods. Featuring a desirable mix of three 2-bedroom units, two 1-bedroom units, and two studio units, this property offers broad tenant appeal and strong in-place cash flow. Currently 100% occupied with two units recently leased at market rents, the asset benefits from tenant-paid utilities, off-street parking, public water and sewer, and a spacious 0.39-acre lot. With projected stabilized annual income of approximately $133,800 and a projected 14.78% stabilized ROI, investors have the opportunity to further increase cash flow through continued rent stabilization while maintaining strong occupancy. Conveniently located near downtown Norwich, healthcare facilities, shopping, restaurants, and major transportation routes, the property benefits from consistent rental demand and limited multifamily inventory. Property may also be purchased in combination with the nearby 7-unit multifamily property at 202 Broadway, creating a unique opportunity to acquire and operate a 14-unit portfolio within close proximity.
VC Property Group is proud to present 202 Broadway, a 7-unit multifamily asset located in one of Norwich's most desirable rental corridors-directly across from the iconic Cathedral of St. Patrick. Positioned in one of Connecticut's highest-yielding and fastest-moving rental markets, the property combines strong in-place cash flow with substantial upside through strategic lease-up. The current rent roll reflects opportunity for significant value creation, with pro forma rents driving a projected NOI of ~$88K and a 14% cash on cash return, offering investors immediate scale with clear value creation. The asset benefits from 100% occupancy, off-street parking, and a highly desired LOCATION. The units are in above-market condition, allowing for immediate rent growth without the need for significant capital improvements. This is a true Day 1 cash-flowing asset with no major CapEx required-an increasingly rare profile in today's market where most value-add opportunities require heavy renovation risk. Strategically located just 15 minutes from New London, the property is directly positioned to benefit from the ongoing economic expansion driven by Electric Boat's multi-year contract pipeline, actively bringing in thousands of new jobs to the region. This macro tailwind continues to fuel rental demand across Eastern Connecticut, particularly in supply-constrained, workforce-driven housing markets like Norwich.
Discover a solid investment with this 2-unit multi-family home in the emerging Occum neighborhood. Built in 1911, the property offers 1,518 square feet with 4 bedrooms and 2 bathrooms, perfect for rental income or owner-occupancy. Conveniently located near I-395 (Exit 18), commuting is easy. Local schools include John M. Moriarty School, Kelly Middle School, and Norwich Free Academy. Shopping is just minutes away at Norwichtown Commons, Salem Plaza, and Backus Great Plains Plaza. Nearby dining includes Occum Pizza, and both Mohegan Sun and Foxwoods casinos are a short drive away. Occum Park, a $2.7 million riverfront redevelopment, is right around the corner and serves as a catalyst for neighborhood growth. Additional recreation includes Mohegan Park and the Veterans Memorial Rose Garden. Make an appointment to view this propoerty wont last.
Charming three-family property situated along the scenic Heritage Trail with peaceful views of the Yantic River in Norwich. This unique multifamily asset blends classic New England character with strong owner-occupant or investment potential. Featuring beautiful stone and shingle architecture, the property is surrounded by mature landscaping, a large park-like yard, and a tranquil setting just moments from downtown amenities, parks, and walking trails. The property includes spacious units with abundant natural light, updated mechanicals, a newer roof, on-site laundry, a detached two-car garage, and ample off-street parking. Current market rents are projected at approximately $2,150, $1,600, and $1,500 per month. Additionally, the property features an in-law suite with a separate entrance, creating the potential for a fourth unit. Ideal opportunity for investors or owner-occupants seeking charm, flexibility, and long-term upside in a highly desirable location. REDUCED PRICE - Open this Saturday 12-2pm, all units.
Three-family, cash flowing, investment property in Norwich, built in 1910, with easy public utilities including public water and public sewer. Each of the three units offers separate utilities, 3 bedrooms and 1 full bath, creating a practical multifamily setup for investors or owner-occupants. Public utilities help simplify ownership and a convenient in-town location near downtown Norwich makes shopping, public transportation, and commuting a breeze. The rear of the property borders Franklin Park, offering nearby access to green space, playground, basketball court, and fields. A straightforward income-producing property with strong rental appeal and long-term upside.
3 Unit Multi-family property with 1 2-3BR/2BA, and 2 1BR/1BA units on 1.28 acres sitting high on a rolling hill. Property includes an 1875 sq. ft. Workshop w/200 amp service currently being used as a specialty wood shop with many possibilities. The sellers unit is owned by a master carpenter and comes with custom Japanese flooring, ceilings,and shoji screens. The kitchen is equiped with an Imperial gas stove, granite counters, farm sink and ceramic tile floors. The rental units have washers & dryers that will remain, Plenty of parking and a garage that could be used for parking, storage or continue to be additional work shop space. One unit is occupied by a long term tenant and is on a lease. The upper (3rd) unit is bright and open. The tenant just moved out and was paying $1000/mth. This is a great opportunity for an owner occupied home or investor property.
Don't miss this well-maintained duplex offering both immediate owner-occupant potential and solid investment appeal. One unit is unoccupied and recently updated, featuring fresh paint, new flooring throughout, and tasteful updates to the kitchen and bathroom. With a combination of vinyl plank flooring and new carpet, plus convenient laundry hookups and ample storage, this unit is truly move-in ready and waiting for its next owner. The tenant-occupied unit was also thoughtfully updated in Fall 2023, including new carpeting in the bedrooms, fresh paint, built-ins, updated bathrooms, and new vinyl flooring on the lower level. This unit offers added charm with a spacious wrap-around porch, perfect for relaxing or entertaining. Laundry hookups are also included for added convenience. Whether you're looking to live in one unit and offset your mortgage or expand your investment portfolio, this property checks all the boxes with recent updates, strong rental potential and low-maintenance features.
Versatile mixed-use opportunity with extensive recent upgrades. This property has undergone significant improvements, including brand new kitchens, updated bathrooms and showers, new flooring throughout each unit, and new appliances. Major mechanicals have been addressed with a brand new furnace backed by a 10-year warranty, along with a recently replaced gas meter and new gas line. Exterior updates include siding approximately 3 years old, recently paved driveway (2 years), and new roofing on the garage, shed, and rear portion of the home. Additional features include durable metal garage doors, a detached 3-car garage, and a private backyard offering functional outdoor space. The front portion of the commercial space was updated within the past year, enhancing usability for business or mixed-use potential. Property is zoned General Commercial with potential for mixed-use conversion (buyer to perform due diligence), and will be delivered compliant with a first-floor commercial unit and second-floor residential unit. Ideal for investors or owner-occupants seeking flexibility, modernization, and long-term upside in a walkable location.
VC Property Group is proud to present a 4-unit multifamily asset located at 681 N Main Street. The property is fully occupied and generating $61,752 in current gross income, delivering an in-place cap rate of approximately 9.39%, with upside to an 11.46% cap rate at stabilization through modest rent increases. At stabilization, the asset achieves approximately $56,710 NOI and a 1.80x DSCR, offering strong yield with minimal execution risk. The property features tenant-paid utilities, public water/sewer, and a low operating expense profile. This is a stabilized asset with immediate cash flow and mark-to-market rent upside.
Attention investors and contractors! 104 Norwich is a 3 family and has a NEW ROOF and NEW SIDING. Besides those updated items, this is a full rehab project. Ideal for buyers looking for an investment, flip, or long-term rental. Corner lot, off-street parking, and shed. Conveniently located near local amenities, shopping, dining, hospitals, casinos, and major highways. Property is being sold as-is.
Charming and full of character, this well-maintained three-family property blends timeless old-world charm with strong investment potential in a desirable neighborhood. Each unit offers comfortable living space with spacious layouts, functional kitchens and bathrooms, and classic details that add warmth and appeal throughout. The property has been thoughtfully maintained while preserving much of its original character and charm. The 2nd and 3rd floor units share a newer heating and hot water system, adding efficiency and value, while separate utilities provide added convenience. Conveniently located near shopping, dining, public transportation, and major highways, this property presents an excellent opportunity for both investors and owner-occupants seeking steady rental income and long-term potential. A rare chance to own a multi-family property that combines character, functionality, and income-producing opportunity.
Rare opportunity to own a beautifully renovated historic multi-family in Norwich with strong income potential and modern tenant-pleasing features! Currently a fully occupied 2-family with excellent rental history, this gem has zoning approval already in place to convert to a 3-family, unlocking even greater cash flow. There are existing stamped drawings with the layout ready to build. Apartments 1 and 2 have 2 generous bedrooms, abundant natural light from oversized windows, and cozy wood-burning fireplaces for added warmth and charm. Tenants enjoy year-round comfort with individual heating and cooling systems (mini-split/heat pump setups), plus the huge convenience of in-unit laundry a major draw for today's renters! Built in the 1800s and meticulously updated with contemporary finishes while preserving its Victorian elegance, the home features gleaming hardwood floors, elegant trim, built-ins, and modern systems throughout. Additional perks include ample storage in the basement and garage, off-street parking, and a prime location near downtown Norwich, schools, and amenities. Ideal for investors looking to expand or owner-occupants who want to live in one unit and offset costs with rental income. With in-unit laundry, fireplaces, bright layouts, and conversion potential, this property checks all the boxes for desirability and profitability.
Investor Alert! Property is in Auction Status - Discover the potential at 11 Division Street in Norwich-a classic two-family home offering a total of 2,130 sq ft of living space. Each spacious unit features 4 rooms, including 2 bedrooms and 1 full bath, spread across 1,065 sq ft per floor. This property is a full renovation project, ideal for contractors or buyers looking to customize and create value. With a convenient location close to downtown amenities, schools, and transportation, this is a prime opportunity to transform a diamond in the rough into a profitable investment or multi-generational home. Bring your vision and tools-Condemned by City of Norwich - No entry - Sold As Is. Find the property information on the auction site at: https://www.hubzu.com/bank-owned-home/94517601745-11-DIVISION-STREET-Norwich-CT-06360
Great investment or owner-occupied opportunity in the heart of Norwich. This two-family property at 1 George Street is 1,244 sq. ft. of living space with three bedrooms, two full baths, and seven total rooms across two units Built in 1915, the home features vinyl siding, hardwood floors, gas heat with hot water, and a partial basement for storage. The property sits on a 0.15-acre lot, providing manageable outdoor space. Included in the sale is the adjoining lot at 3 George Street, an additional 0.15 acres, for added expansion potential, extra yard space, or possible future development conduct with diligence. Together, the combined parcels provide approximately 0.30 acres in a convenient multifamily zone, close to downtown Norwich, public transportation, schools, and area amenities. A unique chance to own a versatile income-producing property with added land value.
Norwich is located in Connecticut. Norwich, Connecticut has a population of 40,020. Norwich is less family-centric than the surrounding county with 20.84% of the households containing married families with children. The county average for households married with children is 27.48%.
The median household income in Norwich, Connecticut is $59,791. The median household income for the surrounding county is $79,040 compared to the national median of $69,021. The median age of people living in Norwich is 39.3 years.
The average high temperature in July is 81.1 degrees, with an average low temperature in January of 20.4 degrees. The average rainfall is approximately 50.7 inches per year, with 27.4 inches of snow per year.
