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142 Broad Street

Norwich, Connecticut 06360

ACTIVE$535,000

Reduced from $550,000

Beds
5
Baths
3 | 1
SqFt
4,146
Acres
0.25
Year Built
1873
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
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2-Car Garage3 FireplacesPrice Reduced

About This Home

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 while 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.

Key Facts

City/Town
Norwich
Neighborhood
N/A
Property / Style
Multi-Family · Units on different Floors
Year Built
1873
Days on Market
134 days
Beds
5
Baths
3 full · 1 half
Living Area
4,146 sq ft
Lot Size
0.25 acres
Garage / Parking
2 garage · 2 total
Property Taxes
$9,487 / Annually

Market Snapshot

The Norwich Market

Multi-Family · trailing 12 months

Median Days on Market

38

20 active listings

Median $ / Sq Ft

$150

20 active listings

Sale-to-List Ratio

101.1%

98 sales

How this home compares

List Price

$535,000

vs $423,500 median

26.3% above median

Price / Sq Ft

$129

vs $150 median

14.0% below median

Days on Market

134 days

vs 38 days median

96 days longer than median

Based on 20 active and 98 closed sales (trailing 12 mo) of multi-family in Norwich. Source: SmartMLS · As of July 28, 2026.

Location

142 Broad Street, Norwich, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$3,697

per month

  • Principal & Interest$2,728
  • Property Taxes$791
  • Insurance$178
  • HOA$0

Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.

Location

City/Town
Norwich
Neighborhood
N/A
County
New London

Residence

Property Type
Multi-Family
Subtype
3 Family
Style
Units on different Floors
Year Built
1873
New Construction
No/Resale
Living Area
4,146 sq ft

Schools

Elementary
Per Board of Ed
High
Per Board of Ed

Interior

Heating
Steam
Heat Fuel
ElectricGas In Street
Cooling
Ceiling FansDuctlessHeat Pump
Fireplaces
3
Laundry
All Units Have Hook-Ups
Basement
FullUnfinished

Exterior & Lot

Lot Size
0.25 acres
Zoning
MF
Garage / Parking
2 garage spaces2 total parking spacesDetached GarageOff Street ParkingDrivewayPrivatePaved
Waterfront Details
Not Applicable
Water Source
Public Water Connected
Sewer
Public Sewer Connected
Construction
Vinyl Siding
Color
sage
Roof
Asphalt Shingle
Foundation
Stone
Exterior Features
PorchDeck
Lot Description
Sloping Lot

Listing & Financials

Property Taxes
$9,487 / Annually
Days on Market
134
MLS #
24158084
MLS Status
Active

Similar Properties

Homes with a close match in area, property type, and price.

Listed By

Tracy ODonnell

(401) 480-9515

Berkshire Hathaway NE Prop.

(860) 536-4906

Co-Listed By

Monik Fontaine

Berkshire Hathaway NE Prop.

This information is believed to be accurate, but without warranty.

The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. 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 7/28/2026 at 7:55 AM UTC.