287 Central Avenue
Norwich, CT 06360
6
Bed
5
Bath
4,130Sqft
0.08Acre(Lot)
Mixed-use investment opportunity featuring three residential units and two commercial spaces totaling approximately 4,130 square feet. The residential mix includes two one-bedroom units and one two-bedroom unit. Two residential units and one commercial space are currently occupied, while the second commercial space and one residential unit is vacant, offering immediate lease-up and value-add potential. Our underwriting team projects stabilized annual income of $74,700, effective gross income of $73,365 and NOI of approximately $64,027-representing an estimated 13.48% pro forma cap rate at the $475,000 asking price. Built in 1860, the property includes off-street parking, public water and sewer, electric heat and hot water, city trash pickup and tenant-paid utilities. An attractive opportun
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 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: $475000
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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 | $249,900 | 5 | 2 | 2,512 | 0.95 Acre |
| 79 Prospect Street, Norwich, CT, 06360 | $345,000 | 8 | 3 | 3,123 | 0.24 Acre |
| 28 Durfey Street, Norwich, CT, 06360 | $430,000 | 4 | 2 | 1,638 | 0.18 Acre |
| 126 Prospect Street, Norwich, CT, 06360 | $430,000 | 6 | 4 | 3,528 | 0.56 Acre |
| 44-46 Central Avenue, Norwich, CT, 06360 | $570,000 | 8 | 4 | 2,508 | 0.11 Acre |
| 502 E Main Street, Norwich, CT, 06360 | $725,000 | 12 | 4 | 3,724 | 0.11 Acre |
| 70-1/2 Hunters Avenue, Norwich, CT, 06360 | $350,000 | 7 | 3 | 2,772 | 0.53 Acre |
| 463 E Main Street, Norwich, CT, 06360 | $525,000 | 9 | 3 | 3,087 | 0.24 Acre |
| 445 E Main Street, Norwich, CT, 06360 | $219,900 | 4 | 2 | 1,857 | 0.09 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 09/30/2026 @ 11:33
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