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
$475,000
  • 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#:24207988
Source:CT

Price summary

  • Price:$475,000
  • Price per sq. ft.:$115.01

About this home

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.

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Home facts

  • Year built:1860
  • Listing ID #:24207988
  • Added:10 day(s) ago
  • Updated:September 28, 2026 at 12:58 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

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:$475,000
  • Price per sq. ft.:$115.01
  • Tax amount:$4,340 (July 2026-June 2027)
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