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40 River Avenue

Norwich, CT 06360
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Bed 3

Bed

Bath 3

Bath

SqFt2,435

Sqft

Acres0.21

Acre(Lot)

Rare investment opportunity! This Victorian-style property is being sold together with an adjacent vacant residential lot offering beautiful views of the Thames River. The home features two kitchens, oil heat, an updated electrical panel, and a detached two-car garage, providing an excellent foundation for a renovation project. Major improvements have already begun, including roughed-in electrical and a first floor bathroom with new studs and drywall. The second-floor bathroom has been gutted to the studs and is ready for your finishing touches. The property requires a new furnace, cosmetic updates throughout, and completion of the kitchens and bathrooms, making it an ideal project for investors, builders, or owner occupants looking to build equity. Included in the sale is 41 River Ave, a separate 5,227 SF (.12-acre) residential lot with scenic Thames River views. The previous owner envisioned a waterfront-view porch and patio overlooking the river. While the lot will require significant landscaping due to its slope, it offers outstanding potential to create a one-of-a-kind outdoor retreat or future homesite. Don't miss this unique chance to own a renovation project plus an additional buildable lot with water views in one package! Sale dependent upon the contract owner's ability to take title.

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Detail Ic Property Details

Property Type : Residential

Price : $242,500

AD Id : 89103088

MLS Id : 24196250

Beds : 3

Lot Size : 0.21 Acre

Living Area Size : 2,435

Year Built : 1860

Garage : 2

County : New London

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 3 Full Baths: 1 Half Baths: 2

    Room Information

    Rooms Total: 10 Has Basement: Yes Basement: Partial
  • Roofing Information

    Asphalt
  • Interior Features

    Roof: Asphalt Appliances: Refrigerator
  • Heating & Cooling

    Cooling: None

  • Building Information

    Year Built: 1860 Building Area Total: 2435 Construction Materials: Shingle Siding, Other Private Pool: No View: Water

  • Lot Information

    Lot Size Acres: 0.21

  • Listing Price Information

    Listing Price: $242500

  • Tax Information

    Parcel Number: 2415992 Annual Tax: $7923

  • Parking Information

    Parking Total: 2 Other

    Garage Information

    Has Garage: Yes Garage Space: 2

  • School Information

    Elementary School: Veterans Memorial
    Junior High School:
    Senior High School: Norwich Free Academy
  • Location Information

    Direction: Laurel Hill Ave to River Avenue WaterSource: Public
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Nearby Home Value

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19 Burton Avenue, Norwich, CT, 06360 $297,900 2 1 903 903 SqFt
229 Palmer St Extension, Norwich, CT, 06360 $324,900 3 2 1,187 1,187 SqFt
17 Elijah Street, Norwich, CT, 06360 $224,000 2 1 672 672 SqFt
472 Boswell Avenue, Norwich, CT, 06360 $374,900 5 2 2,138 2,138 SqFt
43 Prentice Street #LOT.., Norwich, CT, 06360 $79,900 1 1 480 480 SqFt
111 Fifth Street, Norwich, CT, 06360 $99,999 3 1 1,109 1,109 SqFt
37 Rock Street, Norwich, CT, 06360 $270,000 3 2 1,714 1,714 SqFt
15 Harriet Street, Norwich, CT, 06360 $369,900 4 3 1,225 1,225 SqFt
46 Penobscot Street, Norwich, CT, 06360 $235,000 2 2 1,042 1,042 SqFt

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

ByOwner last updated this listing 08/16/2026 @ 02:43

MLS: 24196250 LISTED BY: Derek Greene, Derek Greene SOURCE: SmartMLS

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