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287 Central Avenue Norwich, CT $ 475,000
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$ 475,000 Get more info
287 Central Avenue
$ 475,000
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287 Central Avenue

Norwich, CT, 06360
$ 475,000
Bedrooms6 Baths5.0 Sq 4,130

Monthly Estimate*

$ 2,999

287 Central Avenue, Norwich, CT 06360 - Image 1
287 Central Avenue, Norwich, CT 06360 - Image 2
287 Central Avenue, Norwich, CT 06360 - Image 3
287 Central Avenue, Norwich, CT 06360 - Image 4
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287 Central Avenue, Norwich, CT 06360 - Image 8
287 Central Avenue, Norwich, CT 06360 - Image 9

Multi-Family Home for sale in Norwich, CT

for $475,000 with 6 bedrooms and 5 full baths. This 4,130 square foot home was built in 1860 on a lot size of 0.08.

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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Multi-Family Active

Price

$ 475,000

Bedrooms

6

Full Bath

5

Property Type

Multi-Family

Taxes

$ 4,340

Style

Lot Size

0.08

Year Built

1860

Town/City

Norwich

MLS | Web ID

24207988
Features
General
Zoning NC
Neighborhood Greenville
County New London
Tax Year July 2026-June 2027
Property Type Multi-Family For Sale
Status Active
Acres 0.08
Directions see listing broker
High School Norwich Free Academy
City Norwich
Elementary School Per Board of Ed
Sq Ft Total 4130
DOM 0
Year Built 1860
Style Units on different Floors Units are Side-by-Side
Year Built Source Public Records
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Interior
Cooling System Window Unit
Total Number of Units 3
Total Rooms 17
Basement Description Full
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Exterior
Water Source Public Water Connected
Lot Description Corner Lot
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* Excluded Features
List By
Christian Martinez

Listing Agent

Vc Property Group, Llc

Broker

christian@vcpropertygrp.com

Email

Affordability Calculator

$3,361
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,999
Monthly Property Taxes
$362
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2059713 Elementary School
1186817 Middle School
Norwich Free Academy High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/17/2026$475,000 Listed Price

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287 Central Avenue, Norwich, CT, 06360 is a Multi-Family Home for sale at $475,000 with 4,130 sqft and a lot size of 0.08. 287 Central Avenue has 6 bedrooms, 5.0 baths, and was built in 1860. The property's zip code is 06360 which is in Norwich, CT

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