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142 Broad Street

Norwich, CT 06360

$535,000 $2,255/Mo

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Overview

Bed

Bath

4,146

Sqft

0.25

Acre(Lot)

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 w hile 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.

Property Details

Property Type : Residential Income

Price : $535,000

AD Id : 76178395

MLS Id : 24158084

Beds : 5

Lot Size : 0.25 Acre

Living Area Size : 4,146

Year Built : 1873

Garage : 2

County : New London

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What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Total Baths: 4 Full Baths: 3 Half Baths: 1

Room Information

Rooms Total: 19 Has Basement: Yes Basement: Full, Unfinished
Roofing Information

Asphalt
Interior Features

Roof: Asphalt
Heating & Cooling

Has Heating: Yes Heating: Electric, Steam Has Cooling: Yes Cooling: Ceiling Fan(s), Ductless, Heat Pump

Building Information

Year Built: 1873 Building Area Total: 4146 Construction Materials: Vinyl Siding, Frame Patio And Porch Features: Deck, Porch Private Pool: No

Lot Information

Lot Size Acres: 0.25 Lot Description: Sloped

Listing Price Information

Listing Price: $535000 Original Price: $550000

Tax Information

Parcel Number: 2032469 Annual Tax: $11243

Parking Information

Parking Total: 2 Paved, Off Street, Private, Driveway

Garage Information

Has Garage: Yes Garage Space: 2

School Information

Elementary School: Per Board of Ed

Junior High School:

Senior High School: Per Board of Ed
Location Information

Direction: Per GPS WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
681 N Main Street, Norwich, CT, 06360	$495,000	8	4	2,800	2,800 SqFt
104 Norwich Avenue, Norwich, CT, 06360	$299,900	6	3	2,056	2,056 SqFt
87 Hunters Avenue, Norwich, CT, 06360	$399,900	4	4	3,128	3,128 SqFt
77 Taftville Occum Road, Norwich, CT, 06360	$268,000	4	2	1,518	1,518 SqFt
36 Reynolds Street, Norwich, CT, 06360	$309,900	4	2	1,516	1,516 SqFt
11 Division Street, Norwich, CT, 06360	$54,300	4	2	2,130	2,130 SqFt
35 Lake Street, Norwich, CT, 06360	$299,000	9	3	2,040	2,040 SqFt
15 Platt Avenue, Norwich, CT, 06360	$1,975,000	6	3	2,453	2,453 SqFt
232 Franklin Street, Norwich, CT, 06360	$299,900	4	4	2,606	2,606 SqFt
220 Franklin Street, Norwich, CT, 06360	$240,000	9	3	2,416	2,416 SqFt

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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 06/07/2026 @ 10:56

MLS: 24158084 LISTED BY: Tracy ODonnell, Berkshire Hathaway NE Prop. SOURCE: SmartMLS