Vacant three-family investment opportunity offering two three-bedroom units and one two-bedroom unit, providing a total of eight bedrooms plus bonus rooms across approximately 2,964 square feet. With all three units currently vacant, a new owner has the flexibility to establish new leases and implement their preferred management strategy from day one. Once fully leased this asset will yield a 22% cash on cash return at full ask. Built in 1870 and situated on approximately 0.23 acres, this property offers public water/sewer, electric/gas heat and hot water, city trash pickup and 1:1 parking.
Mixed-use investment opportunity featuring three residential units and two commercial spaces totaling approximately 4,130 square feet. The residential mix includes two one-bedroom units and one two-bedroom unit. Two residential units and one commercial space are currently occupied, while the second commercial space and one residential unit is vacant, offering immediate lease-up and value-add potential. Our underwriting team projects stabilized annual income of $74,700, effective gross income of $73,365 and NOI of approximately $64,027-representing an estimated 13.48% pro forma cap rate at the $475,000 asking price. Built in 1860, the property includes off-street parking, public water and sewer, electric heat and hot water, city trash pickup and tenant-paid utilities. An attractive opportunity for an investor seeking diversified income, an established tenant base and additional upside. Financial information and projections are available for review.
VC Property Group is pleased to present 218-224 Main Street and 2 Franklin Street, a compelling adaptive re-use redevelopment opportunity located in the heart of downtown Norwich. The offering consists of two adjacent historic buildings totaling approximately 14,500 square feet, positioned within Norwich's established Main Street commercial corridor. This mixed use asset would include 10 residential and 5 commercial units upon completion. Projected $2.7M post construction VALUE - more photos to come, current photo is an artistic rendering. Both buildings are classified as contributing structures within the historic district, creating potential eligibility under the Federal Historic Tax Credit (20%) and Connecticut Historic Tax Credit (25%) programs for qualified rehabilitation expenditures. When properly structured, these incentives can offset a substantial portion of redevelopment costs and play a meaningful role in the project's capital stack. The project presents an attractive value-add strategy through the conversion of upper floors into residential units while maintaining commercial storefronts at street level. The proposed redevelopment plan includes 10 residential units consisting of eight studio apartments and two townhouse-style two-bedroom units, complemented by five commercial spaces on the first floor, creating a vibrant mixed-use asset aligned with growing downtown housing demand.
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.
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.
Welcome to this well-maintained 3-family property offering a fantastic opportunity for homeowners, investors, or multi-generational living. Each unit offers its own living space while the property as a whole provides functionality and versatility. This beautiful 3-family home features a detached 4-car garage with plenty of storage space upstairs. The roof on both the home and garage is just 3 years old. The second-floor apartment offers 3 bedrooms with gleaming hardwood floors, a bright and sunny enclosed porch off the kitchen, a spacious dining room, and a large living room with a fireplace. There is also a walk-up attic accessed through the second-floor apartment, along with plenty of closet space throughout. The first-floor apartment is a comfortable 2-bedroom unit featuring a large living room that opens into the dining area and kitchen. The third apartment is a convenient studio located at the rear of the first floor apt. Outside, the property is surrounded by attractive plantings and includes a large grassy area behind the garage, providing plenty of outdoor space. Ideally located with easy access to downtown restaurants, the local hospital, bus transportation, shopping, schools, and many other amenities. This multi-family home presents an excellent opportunity to live in one unit while generating rental income from the others, or as a solid investment property with multiple income-producing units.
INVESTORS TAKE NOTE! Excellent opportunity to own a turnkey, income-producing 4-family property in a convenient Norwich location! All four residential units are currently rented, providing immediate rental income, plus the property offers additional income from a detached 6-bay garage. A standout feature for an in-town multi-family is the generous off-street parking, adding convenience and value for tenants. Located close to downtown Norwich, with easy access to restaurants, shopping, services, and the waterfront area at Howard T. Brown Memorial Park/Railroad Landing. With multiple residential units, garage income, established tenants, and a central location, this property offers an attractive opportunity for investors looking to add a producing multi-family asset to their portfolio. Four units + six garage bays = multiple income streams from one property!
This is the ratio investors look for, especially when the tenants pay their own utilities (Except sewer and water). 3 units in the front and a single refreshed home in the rear. Tenants want to stay though there is a mix of month to month as well as annual leases. Not much to do here but let the tenants pay the rent! Fully rented as of October 1,2026 with annual income of over $72000 a year!!Unit being occupied on October 1 is getting a makeover as well so nothing for the new investor to do.
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.
Great investment opportunity! This 3-family multi-family home features 2,772 sq ft of living space set on a generous 0.53-acre lot. The property offers a total of 13 rooms, 7 bedrooms, and 3 full bathrooms across 3 separate units. Details include hardwood floors, carpet, gas hot-water heating, an unfinished basement, and enclosed/open porch areas. Ideal for an investor seeking cash flow or an owner-occupant looking to supplement their mortgage. Schedule your showing today!
Great opportunity at **28 Durfey Street in Norwich!** This multifamily property offers excellent potential for investors looking to expand their portfolio or owner-occupants looking to live in one unit while generating rental income from the other. Conveniently located near shopping, restaurants, local amenities, and beautiful **Mohegan Park**, with easy access to **I-395 and Route 2** for commuting throughout southeastern Connecticut. Enjoy proximity to downtown Norwich, grocery stores, entertainment, and everyday conveniences. Whether you're looking for your next investment or a property that can help offset your monthly housing expenses, this multifamily offers flexibility and income-producing potential. **Don't miss this opportunity-schedule your showing today!**
**Turnkey Four-Unit Investment Opportunity!** Fully renovated and fully rented, this exceptional property offers four spacious three-bedroom, one-bath units-three in the main building and a separate cottage in the rear. Generating approximately $7,500 per month, or $90,000 annually, in reliable rental income, this is an outstanding opportunity for investors seeking immediate cash flow with minimal deferred maintenance. Extensive renovations have been completed throughout, offering low expenses and overhead and eliminating the need for major capital improvements. Three of the four units feature laundry hookups and dishwashers. Ideally located near shopping, dining, medical facilities, major commuter routes, and the area's nearby casinos. This property combines strong rental demand with convenience. Whether you're expanding your portfolio or looking for a turnkey income-producing asset, this four-unit property offers an attractive combination of condition, income, and location.
Fresh opportunity for investors or owner-occupants! Built in 1910, this Norwich three-family offers three 2-bedroom, 1-bath units with practical layouts, strong rental appeal, and the benefit of easy public utilities, including public water and public sewer. The property is conveniently located near downtown Norwich, shopping, restaurants, public transportation, major routes, and local employers, making it an accessible option for tenants and owners alike. The rear of the property borders Franklin Park, adding nearby green space, recreation fields, a playground, and basketball courts just beyond the backyard. Whether you are looking to expand your portfolio or explore multifamily ownership, 35 Lake Street offers a solid opportunity in a central Norwich location.
Welcome to this spacious and versatile two-family property with an exceptional opportunity for both owner-occupants and investors. Each unit features a generous layout with 4 bedrooms and 2 bathrooms, providing ample living space and flexibility for a variety of household needs. With well-proportioned rooms and plenty of space throughout, this property has strong rental potential while also presenting an attractive option for buyers looking to occupy one unit and generate income from the other. Both units are currently tenant-occupied on month-to-month leases, providing the new owner with added flexibility to continue the property as an income-producing investment or explore owner-occupancy options. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this two-family offers an excellent combination of space, versatility, and immediate income potential. Schedule your private showing and explore the possibilities this property has to offer.
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.
An exceptional opportunity for investors seeking a turnkey income-producing property. This fully renovated two-family building offers two spacious units with versatile layouts and strong reliable rental income of $5,000 per month. The first floor unit is over 1,000 square feet and features four bedrooms and one full bathroom, while the upstairs two-story unit offers an impressive five bedrooms and two full bathrooms with over 2,000 square feet of living space. Both units have been thoughtfully updated with quartz countertops, stainless appliances, hardwood floors throughout, and dedicated laundry areas with washer and dryer hookups. With extensive renovations already completed, this property offers the opportunity to add a well-maintained, move-in-ready asset to any investment portfolio. Conveniently located near shopping, dining, medical facilities, and easy access to major commuter routes and the nearby casinos.
*OFFER DEADLINE 08/31/2026* 2nd Floor Unit can be available upon closing. 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.
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.
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.
Excellent investment opportunity OR owner-occupied three-family in a convenient Norwich location! This well-maintained property features 3 spacious units consisting of 2x 2-bedroom, 1-bath apartments and 1x 1-bedroom, 1-bath apartment, offering an attractive mix for both investors and owner-occupants. Each unit has been thoughtfully maintained and offers bright, functional living spaces, generously sized bedrooms, and the convenience of its own laundry hookups, providing value and appeal for tenants. Outside, you'll appreciate the expansive off-street parking lot, offering ample parking for residents and guests alike-a rare and highly desirable feature for a multi-family property. The property's low-maintenance exterior and strong rental appeal make it an excellent addition to any investment portfolio. Ideally situated just minutes from Downtown Norwich, residents enjoy quick access to local restaurants, shopping, parks, schools, and everyday amenities. Commuters will appreciate the convenient location near Routes 2, 32, 12, and I-395, providing easy travel throughout SE CT. The property is also just a short drive to Electric Boat, Mohegan Sun, Foxwoods Resort Casino, the U.S. Naval Sub Base, and numerous major employers, helping support strong rental demand year-round. Whether you're looking to expand your investment portfolio or offset your mortgage by living in one unit while generating rental income from the others, 84 Laurel Hill Avenue offers a fantastic opportunity.
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.
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
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.
