37-39 South B Street, Taftville, CT 06380

Taftville
Local realty services provided by:Better Homes and Gardens Real Estate Gaetano Marra Homes
37-39 South B Street,Norwich, CT 06380
$320,000
  • 6 Beds
  • 3 Baths
  • 2,318 sq. ft.
  • Multi-family
  • Pending
Listed by: anthony velez(860) 300-3102
Office: vc property group, llc(860) 300-3102
MLS#:24161969
Source:CT

Price summary

  • Price:$320,000
  • Price per sq. ft.:$138.05

About this home

PHOTOS COMING SOON!! VC Property Group is proud to present a high-performing 3-family asset at 37-39 South B Street in Norwich, CT, offering immediate cash flow with clear upside through light value-add execution. This property is situated on an oversized 0.44-acre lot and is currently occupied across two units, with one 1-bedroom unit requiring approximately $15,000 in renovations to achieve full market rental potential. The asset benefits from off-street parking and a tenant-paid utility structure, helping minimize operating expenses and maximize investor returns. Once stabilized, the property supports a projected $54,000 annual gross income, driving strong returns relative to basis. At the current pricing, the deal presents an exceptionally attractive yield profile, with proforma metrics reaching approximately a 13.4% CAP rate and 31% ROI, positioning this as a rare opportunity for both new and experienced investors seeking strong cash-on-cash performance. The two occupied...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1875
  • Listing ID #:24161969
  • Added:85 day(s) ago
  • Updated:April 21, 2026 at 07:21 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:12
  • Basement Description:Full Basement
  • Living area:2,318 sq. ft.

Heating and cooling

  • Heating:Hot Water

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1875
  • Building area:2,318 sq. ft.
  • Lot area:0.44 Acres
  • Lot Features:Level Lot
  • Architectural Style:Units are Side-by-Side
  • Construction Materials:Vinyl Siding

Schools

  • High school:Per Board of Ed
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$320,000
  • Price per sq. ft.:$138.05
  • Tax amount:$5,030 (July 2025-June 2026)
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc.

New listings near 37-39 South B Street