Pending

15 Platt Avenue

Norwich, CT 06360

$1,975,000 $8,326/Mo

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Overview

Bed

Bath

2,453

Sqft

0.29

Acre(Lot)

Description

Motivated Seller!! Offered at $1,975,000 - Bottom Line - this stabilized multifamily portfolio consists of 18 units across 5 buildings, plus a multifamily infill redevelopment opportunity that provides significant upside beyond the current in-place 9% ROI. The portfolio includes: 681 N Main Street (4 units) 20 North A Street (4 units) 37 South B Street (3 units) 102 Boswell Avenue (5 units) 72 North Main Street (2 units) 15 Platt Avenue - Multifamily Redevelopment Opportunity (Former 3-Family) The income-producing assets are approximately 90% of pro forma, offering investors strong day-one cash flow with limited operational lift. Remaining upside is achievable through modest rent optimization and continued professional management. Upon full stabilization, the portfolio is projected to generate an estimated 14% fully burdened ROI, not accounting for the resale or redevelopment of the multifamily lot.

Property Details

Property Type : Residential Income

Price : $1,975,000

AD Id : 76699168

MLS Id : 24163934

Beds : 6

Lot Size : 0.29 Acre

Living Area Size : 2,453

Year Built : 1890

County : New London

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 3 Full Baths: 3

Room Information

Rooms Total: 15 Has Basement: Yes Basement: Full
Roofing Information

Asphalt
Interior Features

Roof: Asphalt
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Baseboard Cooling: None

Building Information

Year Built: 1890 Building Area Total: 2453 Construction Materials: Aluminum Siding, Frame Private Pool: No

Lot Information

Lot Size Acres: 0.29 Lot Description: Level

Listing Price Information

Listing Price: $1975000

Tax Information

Parcel Number: 2030001 Annual Tax: $6309

School Information

Elementary School: Per Board of Ed

Junior High School:

Senior High School: Per Board of Ed
Location Information

Direction: Call Agent 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
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
142 Broad Street, Norwich, CT, 06360	$535,000	5	4	4,146	4,146 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 06/10/2026 @ 07:44

MLS: 24163934 LISTED BY: Anthony Velez, VC Property Group, LLC SOURCE: SmartMLS