Rare opportunity to own a beautifully renovated historic multi family in Norwich with strong income potential and modern tenant pleasing features !


Property

Website:https://www.nestseekers.com/5346006
Address:
142 Broad
Norwich, CT 06360
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 5 BR
Bathrooms: 4
Area: 4146 sq ft

Financials

Price:$535,000
Annual Taxes:$11,243

Description

Rare opportunity to own a beautifully renovated historic multi-family in Norwich with strong income potential and modern tenant-pleasing features! Currently a fully occupied 2-family with excellent rental history, this gem has zoning approval already in place to convert to a 3-family, unlocking even greater cash flow. There are existing stamped drawings with the layout ready to build. Apartments 1 and 2 have 2 generous bedrooms, abundant natural light from oversized windows, and cozy wood-burning fireplaces for added warmth and charm. Tenants enjoy year-round comfort with individual heating and cooling systems (mini-split/heat pump setups), plus the huge convenience of in-unit laundry a major draw for today's renters! Built in the 1800s and meticulously updated with contemporary finishes while preserving its Victorian elegance, the home features gleaming hardwood floors, elegant trim, built-ins, and modern systems throughout. Additional perks include ample storage in the basement and garage, off-street parking, and a prime location near downtown Norwich, schools, and amenities. Ideal for investors looking to expand or owner-occupants who want to live in one unit and offset costs with rental income. With in-unit laundry, fireplaces, bright layouts, and conversion potential, this property checks all the boxes for desirability and profitability.

Amenities

  • ceiling fan
  • Deck
  • Ductless
  • Elementary School - Per Board of Ed
  • Heat Pump
  • High School - Per Board of Ed
  • Intermediate School -
  • Porch

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Tracy ODonnell of Berkshire Hathaway NE Prop.