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- Property Details
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Street View
$475,000
Monthly Est:$2,364
6 Beds
5 Baths5 full baths
4,130sqft
287 Central Ave, Norwich, CT 06360
$475,000
$2,364/moEst:
Get Pre-Approved
Multi Family
Built in 1860
$-- HOA
3,484.8 sqft lot
$115/sq.ft
Description
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.
- Houzeo last checked: 2 minutes ago
- Listing updated: September 17, 2026 at 7:19 pm
- Listing Provided by: Christian Martinez | VC Property Group, LLC
- Source: SMART MLS-CT | MLS#: 24207988
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1860
HOA Fees
-
Finished Area
4,130 sqft
Lot Size
3,484.8 sqft lot
Basement Area
- sqft
MLS Name
SMART MLS
MLS Number
24207988
MLS Status
Active
Days on Market
32
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Location
HOA Management
0
HOA Fees
$-/
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 5
Interior
Sewer
Public Sewer Connected
Cooling
Window Unit
Heating
Hot Water, Electric
Construction
Year Built
Year Built: 1860
Home type
Multi Family
Roof
Gable
Architectural Style
Units On Different Floors, Units Are Side By Side
Foundation Details
Concrete
Utilities & Energy
Basement
Full
Water Source
Public Water Connected
Other Features
Lot Features
Corner Lot
Subdivision Name
Greenville
Price History
| Date | Event | Price |
|---|---|---|
09/17/2026 Source: | Listing Removed | $995,000 $241/sqft |
08/30/2026 Source: | Listed for Sale | $995,000 +109.51% $241/sqft |
04/16/2026 Source: #24162415 | Listing Removed | $474,925 $115/sqft |
03/28/2026 Source: | Listed for Sale | $474,925 $115/sqft |
03/26/2026 Source: | Coming Soon | $474,925 -4.82% $115/sqft |
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Based on information provided to and compiled by the SMART MLS, Inc. through Oct 20, 2026, 08:30AM. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. ©2026 SMART MLS, Inc. All Rights Reserved.
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