Skip to main content

18-20 North A Street

Norwich, Connecticut 06380

PENDING$280,000
Beds
8
Baths
4
SqFt
2,254
Acres
0.16
Year Built
1875
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

Request a private showing and get Matt's read on price, condition, and next steps.

Call Matt

About This Home

CASH ONLY !! Fully vacant 4-family value-add opportunity located in Norwich, Connecticut. This property presents a rare chance for investors to renovate and lease from a clean slate without the challenges of existing tenants or phased turnover. The building consists of four 2-bedroom residential units with separate tenant-paid utilities, public water/sewer, and off-street parking. With strong rental demand in the Norwich market and projected stabilized rents averaging approximately $1,500 per unit, the property offers significant upside potential through renovation and lease-up strategy. Ideal for investors seeking a repositioning opportunity, the asset is well-suited for both long-term hold and BRRRR-style investment strategies. Projected stabilized income and estimated after-repair value provide a compelling value-add story with the potential for substantial equity creation upon completion of renovations. Conveniently located near downtown Norwich, local employers, shopping, restaurants, and major commuter routes. Opportunity for investors to bring new life to a multifamily asset in one of Eastern Connecticut's strongest workforce rental markets.

Key Facts

City/Town
Norwich
Neighborhood
N/A
Property / Style
Multi-Family · Units are Side-by-Side
Year Built
1875
Days on Market
61 days
Beds
8
Baths
4 full
Living Area
2,254 sq ft
Lot Size
0.16 acres
Property Taxes
$5,969 / 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

$280,000

vs $423,500 median

33.9% below median

Price / Sq Ft

$124

vs $150 median

17.3% below median

Days on Market

61 days

vs 38 days median

23 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

18-20 North A Street, Norwich, Connecticut

Property + 8 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$2,018

per month

  • Principal & Interest$1,428
  • Property Taxes$497
  • Insurance$93
  • 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
Quadruplex
Style
Units are Side-by-Side
Year Built
1875
New Construction
No/Resale
Living Area
2,254 sq ft

Schools

Elementary
Per Board of Ed
High
Per Board of Ed

Interior

Heating
Baseboard
Heat Fuel
Electric
Cooling
None
Basement
Full

Exterior & Lot

Lot Size
0.16 acres
Zoning
Mf/R10
Waterfront Details
Not Applicable
Water Source
Public Water Connected
Sewer
Public Sewer Connected
Construction
Clapboard
Roof
Asphalt Shingle
Foundation
Stone
Lot Description
Level Lot

Listing & Financials

Property Taxes
$5,969 / Annually
Days on Market
61
MLS #
24179153
MLS Status
Under Contract

Similar Properties

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

Listed By

Anthony Velez

VC Property Group, LLC

(860) 300-3102

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 6:10 AM UTC.