56 Norwich Avenue
Colchester, Connecticut 06415
Reduced from $619,000
- Beds
- 3
- Baths
- 1 | 2
- SqFt
- 2,237
- Acres
- 0.54
- Year Built
- 1950
- Property Type
- Multi-Family
Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
Opportunity knocks in downtown Colchester! First time offered. Pristinely maintained by original family. Versatile building in town center with generous parking. 3 units most recently used as a salon, clothing/boutique/retail and one residential unit, 2nd floor. Walk up attic offers expansion potential. Living above work is viable here! See attachments for extensive TC permitted uses. Separate utilities for each floor, apt. is on it's own furnace, electric, and hot water. Building is denoted as commercial, so listing is under commercial offering. Practical/ current use is more mixed use, best represented in multiple units. One stylist remains mo. to mo. - with part time hours. Easy to show. Property is also listed under commercial mls #24132407.
Key Facts
- City/Town
- Colchester
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Other
- Year Built
- 1950
- Days on Market
- 304 days
- Beds
- 3
- Baths
- 1 full · 2 half
- Living Area
- 2,237 sq ft
- Lot Size
- 0.54 acres
- Garage / Parking
- 12 total
- Property Taxes
- $6,122 / Annually
Market Snapshot
The Colchester Market
Multi-Family · trailing 12 months
Active Listings
4
Colchester inventory
Median List Price
$487,000
4 active listings
Median Closed Price
$520,000
1 sale
Median Days on Market
56
4 active listings
Median $ / Sq Ft
$236
4 active listings
Sale-to-List Ratio
92.9%
1 sale
How this home compares
List Price
$519,000
vs $487,000 median
6.6% above median
Price / Sq Ft
$232
vs $236 median
In line with median
Days on Market
304 days
vs 56 days median
248 days longer than median
Based on 4 active and 1 closed sales (trailing 12 mo) of multi-family in Colchester. Source: SmartMLS · As of August 9, 2026.
Location
56 Norwich Avenue, Colchester, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Aug 6, 2026per month
- Principal & Interest$2,676
- Property Taxes$510
- Insurance$173
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Colchester
- Neighborhood
- N/A
- County
- New London
Residence
- Property Type
- Multi-Family
- Subtype
- Other
- Style
- Other
- Year Built
- 1950
- New Construction
- No/Resale
- Living Area
- 2,237 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Baseboard
- Heat Fuel
- Oil
- Cooling
- Wall UnitWindow Unit
- Fireplaces
- 1
- Laundry
- Basement Hook-Up(s)
- Basement
- FullUnfinishedFull With Walk-Out
- Accessibility
- Ramps
Exterior & Lot
- Lot Size
- 0.54 acres
- Zoning
- TC
- Garage / Parking
- 12 total parking spacesOtherParking LotOff Street Parking
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Flood Zone
- No
- Construction
- Vinyl SidingBrick
- Color
- white
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Exterior Features
- ShedDeckGutters
- Lot Description
- Level Lot
Listing & Financials
- Property Taxes
- $6,122 / Annually
- Days on Market
- 304
- MLS #
- 24132330
- MLS Status
- Active
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 8/9/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 8/9/2026 at 11:01 AM UTC.