STOREFRONT COMMERCIAL AND MULTI FAMILY ALL IN ONE. CONVENIENT AND DOWN TOWN LOCATION. 2 UNITS. UNIT ONE HAS A STOREFRONT AND 1 BEDROOM 2 BATHROOMS ON MAIN FIRST FLOOR LEVEL. UNIT 2 HAS 4 BEDROOM 1 BATH LOCATED ON SECOND FLOOR. POSSIBLE EXPANSION TO SEPARATE STOREFRONT THUS CREATING A 3 UNIT DWELLING. PROPERTY HAS SIDE YARD WITH A SHED AND 1 CAR GARAGE THIS IS IN NEED OF REPAIRS. THIS IS AN OPPORTUNITY FOR A OWNER OCCUPIED BUSINESS OR INVESTORS TO TAKE NOTICE.
Welcome to 155 Cliff Street, a spacious two-family property offering flexible living arrangements and excellent potential for both owner-occupants and investors. Originally built in 1890 and thoughtfully maintained, the property features a newer roof installed in 2024, a water heater replaced in 2023, updated kitchens and bathrooms in both units, and ample off-street parking with a private driveway and parking area behind the home. The 2nd Floor Unit offers three bedrooms on the main living level, plus a finished attic featuring two additional rooms, a half bathroom, and flexible space suitable for a home office, recreation room, or additional storage. The First Floor Unit includes three bedrooms and comfortable living space with its own updated kitchen and bathroom. The home retains the character of an older Norwich property while offering practical updates and generous room configurations. Conveniently located near downtown Norwich, the Norwich Transportation Center, Backus Hospital, Mohegan Park, local shopping, dining, and major routes, including I-395. With two spacious units, substantial off-street parking, and several recent improvements, 155 Cliff Street presents a compelling opportunity to occupy one unit while generating rental income from the other or expand an existing investment portfolio.
ATTENTION INVESTORS.... NEVER OFFERED BEFORE 6 UNIT FULLY RENTED MULTI FAMILY WITH 28 GARAGES. FAMILY OWNED THROUGH THE GENERATIONS FOR OVER 100 YEARS THIS FAMILY HAS LOVING MAINTAINED AND UPDATED THIS VALUABLE PROPERTY. AN ASSET TO ANY PORTFOLIO. INTERIORS HAVE BEEN UPDATED AND ARE IN GREAT CONDITION WITH NEWER MECHANICALS INCLUDING UPDATED BOILERS AND SOME UNITS WITH MINI SPLITS. EXTERIOR HAS NEWER SIDING AND RECENT ROOF REPLACEMENT ON ONE SET OF THE GARAGES. A UNIQUE PROPERTY READY FOR NEW OWNERSHIP!
Rare opportunity to acquire a 14-unit multifamily portfolio consisting of two nearby 7-unit properties located at 202 Broadway and 7-9 Broad Street in Norwich, Connecticut. Offering immediate scale, diversified unit mix, and significant rental upside, this package is ideal for investors seeking a larger multifamily acquisition with strong in-place cash flow and a clear path to value creation. The portfolio consists of a mix of 2-bedroom, 1-bedroom, and studio apartments that appeal to a broad tenant base while providing diversification across unit types. Both properties are fully occupied and benefit from off-street parking, public utilities, and strong occupancy history. Located in one of New London County's most sought-after residential neighborhoods, the portfolio benefits from strong tenant demand, attractive surrounding housing stock, and convenient access to downtown Norwich, healthcare facilities, shopping, restaurants, and major transportation corridors. Current gross annual income of approximately $217k is significantly below market, with projected stabilized income of approximately $270k, representing over $53k in additional annual revenue through rent stabilization and operational optimization. The portfolio is projected to achieve a 9.8% stabilized cap rate and 15% stabilized ROI, creating a compelling investment profile for both private and institutional investors.
Money maker! Live in one unit and rent out the other. Units are well maintained. Both units are move-in ready with the upper unit featuring 2 bedrooms, a wood stove and furnishings included. The second unit offers 3 bedrooms, a large kitchen with pantry and plenty of living space. Recent improvements include two furnaces and all new ductwork, hot water heaters and replacement of cast iron sewer pipes with PVC. Property also features a 3 car detached garage and newly paved driveway.
Exceptional investment opportunity! This two-family was fully reconstructed in 2023 everything from floor to ceiling and the roof is just three years old. New electric baseboard heat and hot water for easy maintenance and low cost; new framing, sub-floor, luxury laminate floors, wall insulation, electric wiring and panel, new light fixtures, windows, doors, kitchen cabinets, showers, toilets, stainless steel appliances etc... All utilities are paid by tenants; owner pays for water and sewer only. The property offers endless possibilities for investors or owner occupants alike. First floor unit is slightly larger, and features 3 bedrooms, 1 bath, washer/dryer, dishwasher, refrigerator, electric range and hood. Second floor unit features a private stairway entrance,3 bedrooms, 1 bath, dishwasher, refrigerator, electric range and hood. Property offers tremendous rental appeal and excellent income potential. Exceptionally large, corner lot with off street parking and endless possibilities for maximizing the use of outdoor space.
Fully occupied 6-unit multifamily investment opportunity offering strong in-place cash flow and substantial embedded rental upside. The property consists of four 2-bedroom units, one 3-bedroom unit, and one 1-bedroom unit, currently generating $74,400 in annual gross income with a projected stabilized income of approximately $119,400 based on market rents. At stabilization, the asset supports a projected NOI exceeding $77,000, equating to a 9.69% cap rate and a 14.79% projected return on investment. Investors will appreciate the opportunity to significantly increase revenue through lease turnover and rent normalization rather than extensive renovations. All utilities, including electric and hot water, are separately metered and paid by tenants, with ownership responsible only for heat. Additional features include off-street parking, public water and sewer, and over 6,000 square feet of living area situated on a 0.50-acre lot. A compelling opportunity to acquire a scalable multifamily asset with strong income growth potential in one of Connecticut's most active rental markets.
Excellent opportunity for both investors and owner-occupants! This two family home features one tenant occupied unit providing immediate rental income, while the second unit is ready for its new owner or tenant. Each unit features 2 bedrooms 1 bath, kitchen and living room. Live in one unit and let the rental income help offset your mortgage, or rent both units to maximize cash flow. Each unit offers comfortable living spaces with separate utilities and conveniently located near shopping, schools, parks and highways, this property combines flexibility, income potential and long term value. Come take a look or schedule your private showing.
Welcome to 50 Dunham Street in Norwich, a beautifully updated two-family property offering an excellent opportunity for investors or anyone looking to expand their real estate portfolio. This property produces strong cash flow and has been thoughtfully renovated with numerous recent upgrades throughout. Improvements include new windows, new doors, fresh interior paint, new flooring, updated cabinetry, new countertops, newer refrigerators and stoves, and updated tile bathrooms. A shared washer and dryer are conveniently located in the basement for added convenience. Don't miss this investment opportunity with modern updates and excellent income potential. 3D Virtual Tour coming soon.
Don't miss this well-maintained, income-producing three-family property in the heart of Norwich! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers outstanding potential. Unit 2 & 3 unit will be delivered vacant, providing the perfect opportunity for an owner-occupant or allowing investors to lease at current market rents and maximize cash flow from day one. Conveniently located just minutes from shopping, restaurants, schools, medical facilities, and major commuter routes, this property is ideally situated for tenants seeking easy access to everyday amenities. With separate living spaces, strong rental demand, and a prime location, this is a fantastic opportunity to invest in Norwich's thriving rental market. Whether you're a seasoned investor or purchasing your first multifamily property, this performing three-family is one you won't want to miss. Schedule your private showing today! Looking to expand your portfolio? This property is part of a larger portfolio offering with nine additional buildings available throughout Norwich. It is specifically being offered as a package with 67 Peck St, 100 Taftville-Occum Rd, or 116 Taftville-Occum Rd.
Excellent opportunity to own a fully occupied two-family property offering immediate cash flow and long-term investment potential. Currently generating $3,900 per month in rental income, with one unit rented for $1,900/month and the other for $2,000/month, this property is a solid addition to any investment portfolio. Each unit features 2 bedrooms, with one offering 1 full bathroom and the other 1.5 bathrooms, providing comfortable and functional living spaces for tenants. With approximately 2,209 square feet of living space, this well-maintained multifamily offers plenty of room while delivering consistent rental income. Additional features include a detached garage ideal for storage, a large driveway providing ample off-street parking, and the convenience of public water and public sewer. Conveniently located near shopping, restaurants, major employers, entertainment, and easy highway access, this property is well-positioned in an area with strong rental demand. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, 45 Dunham Street offers the opportunity to own a turnkey multifamily with reliable rental income from day one. Don't miss your chance to add this excellent investment to your portfolio. Agent related.
Exceptional opportunity to own a well-maintained, fully rented multi-family property with immediate income potential. Whether you're expanding your investment portfolio or purchasing your first income producing property, this investment offers rental income from day one. The spacious units feature generously sized rooms and functional layouts that continue to attract tenants. A standout feature is the fully finished third level, offering four additional finished rooms that are not included in the reported square footage, providing added flexibility and value of permitted uses. Conveniently located near schools, parks, public transportation, and major highways, this property is well positioned for continued tenant appeal. This is an excellent opportunity for investors. Property is being Sold AS-IS. Inspection is for Informational Purposes. Motivated seller. Bring your offers and don't miss this chance to add a solid income-producing property to your portfolio.
Builder and investor opportunity in central Norwich - a spacious 2-family mid-renovation ready for someone to take it across the finish line. The 5BR/2BA layout features separate utilities and a clear path to 3-family conversion, adding a unit and significant value upon completion. Major systems and structural work largely addressed; cosmetic and finish work remains. Minutes from Backus Hospital, Mohegan Sun, transit, and regional employment. Strong rental demand submarket supports solid stabilized rents upon completion. Shown by appointment; proof of funds required.
*Ask list agent about the opportunity to buy 8 other properties in this portfolio* Contractors, Investors and Owner Occupants - Exceptional opportunity to own a three-family property in one of Norwich's most desirable rental locations, plus, one unit delivered vacant at closing! Situated in a strong rental market with convenient access to downtown, major employers, shopping, restaurants, and highways, this property offers both immediate income potential and owner-occupant flexibility. The property features two traditional residential units in the main building (up-and-down configuration) plus a third unit above a detached three-car garage, creating multiple income streams and attractive tenant appeal. Whether you're looking to expand your investment portfolio or live in one unit while collecting rental income from the others, this versatile multi-family property offers a rare combination of flexibility, cash-flow potential, and long-term value in Norwich's thriving rental market. Don't miss this opportunity to own a high-demand multi-family property with separate utilities, off-street parking, garage space, and excellent rental upside.
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.
*Ask list agent about the opportunity to buy 8 other properties in this portfolio* A fully leased, income producing two-family in a strong Norwich rental corridor. Both units offer spacious layouts with functional floor plans, stable tenancy, and separate utilities-ideal for investors seeking predictable monthly revenue with minimal overhead. Part of 10+ building portfolio. Ability to Package Properties for quick portfolio scaling!
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.
