287 Central Avenue
Norwich, CT 06360
6
Bed
5
Bath
4,130Sqft
0.08Acre(Lot)
Opportunity to acquire two Norwich investment properties as a combined portfolio for $995,000. The offering includes a mixed-use property at 287 Central Avenue and a vacant three-family property at 119 Williams Street, providing a combined total of six residential units and two commercial spaces. Central Avenue includes three occupied residential units, one occupied commercial space and one vacant commercial space. All three Williams Street apartments are currently vacant, giving a new owner the ability to establish new leases and execute their own rental and management strategy. The combined unit mix includes two one-bedroom, two two-bedroom and two three-bedroom apartments. This asset will yield a stabilized annual income of $151,500 and an estimated 12.23% pro forma cap rate at full ask
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 5 Full Baths: 5Room Information
Rooms Total: 17 Has Basement: Yes Basement: Full -
Heating & Cooling
Has Heating: Yes Heating: Electric, Hot Water Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1860 Building Area Total: 4130 Construction Materials: Brick, Vinyl Siding Private Pool: No
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Lot Information
Lot Size Acres: 0.08 Lot Description: Corner Lot
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Listing Price Information
Listing Price: $995000
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Tax Information
Parcel Number: 2412985 Annual Tax: $4340
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School Information
Elementary School: Per Board of EdJunior High School:Senior High School: Norwich Free Academy -
Location Information
Direction: see listing broker WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 313 Central Avenue, Norwich, CT, 06360 | $319,000 | 5 | 3 | 2,560 | 0.13 Acre |
| 617 E Main Street, Norwich, CT, 06360 | $255,000 | 5 | 2 | 2,512 | 0.95 Acre |
| 79 Prospect Street, Norwich, CT, 06360 | $345,000 | 8 | 3 | 3,123 | 0.24 Acre |
| 463 E Main Street, Norwich, CT, 06360 | $525,000 | 9 | 3 | 3,087 | 0.24 Acre |
| 116 Taftville Occum Road, Norwich, CT, 06360 | $410,000 | 6 | 3 | 2,641 | 0.20 Acre |
| 155 Cliff Street, Norwich, CT, 06360 | $370,000 | 8 | 3 | 2,035 | 0.17 Acre |
| 158 Cliff Street, Norwich, CT, 06360 | $350,000 | 6 | 2 | 1,685 | 0.30 Acre |
| 371 Laurel Hill Avenue, Norwich, CT, 06360 | $369,500 | 6 | 2 | 2,232 | 0.12 Acre |
| 11 Division Street, Norwich, CT, 06360 | $46,000 | 4 | 2 | 2,130 | 0.17 Acre |
| 68 Boswell Avenue, Norwich, CT, 06360 | $260,000 | 4 | 2 | 1,980 | 0.07 Acre |
Similar Multifamily To 287 Central Avenue
Nearby For Sale
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 09/01/2026 @ 04:33
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