287 Central Avenue, Norwich, CT 06360

Norwich
Local realty services provided by:Better Homes and Gardens Real Estate Executive Real Estate
287 Central Avenue,Norwich, CT 06360
$995,000
  • 6 Beds
  • 5 Baths
  • 4,130 sq. ft.
  • Multi-family
  • Active
Listed by: christian martinez(860) 778-6427
Office: vc property group, llc(860) 300-3102
MLS#:24202778
Source:CT

Price summary

  • Price:$995,000
  • Price per sq. ft.:$240.92

About this home

Opportunity to acquire two Norwich investment properties as a combined portfolio for $995,000. The offering includes a mixed-use property at 287 Central Avenue and a vacant three-family property at 119 Williams Street, providing a combined total of six residential units and two commercial spaces. Central Avenue includes three occupied residential units, one occupied commercial space and one vacant commercial space. All three Williams Street apartments are currently vacant, giving a new owner the ability to establish new leases and execute their own rental and management strategy. The combined unit mix includes two one-bedroom, two two-bedroom and two three-bedroom apartments. This asset will yield a stabilized annual income of $151,500 and an estimated 12.23% pro forma cap rate at full ask. A compelling opportunity to acquire scale, diversified income and meaningful lease-up potential in a single transaction.

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Home facts

  • Year built:1860
  • Listing ID #:24202778
  • Added:4 day(s) ago
  • Updated:September 04, 2026 at 12:03 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:5
  • Full bathrooms:5
  • Rooms Total:17
  • Basement Description:Full Basement
  • Living area:4,130 sq. ft.

Heating and cooling

  • Cooling:Window Unit
  • Heating:Hot Water

Structure and exterior

  • Roof:Gable
  • Year built:1860
  • Building area:4,130 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Corner Lot
  • Architectural Style:Units are Side-by-Side
  • Construction Materials:Brick, Vinyl Siding

Schools

  • High school:Norwich Free Academy
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water Connected
  • Sewer:Public Sewer Connected

Finances and disclosures

  • Price:$995,000
  • Price per sq. ft.:$240.92
  • Tax amount:$4,340 (July 2026-June 2027)
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