20-22 Lafayette Street
Norwich, Connecticut 06360
- Beds
- 3
- Baths
- 2
- SqFt
- 3,476
- Acres
- 0.40
- Year Built
- 1938
- Property Type
- Multi-Family

Matt Caiola
Luxury Real Estate Advisor
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About This Home
Exceptional mixed-use investment opportunity featuring a well-established, turnkey restaurant business on the first floor and a spacious residential unit above. The restaurant comes fully operational with an established clientele and includes all restaurant equipment, furniture, and fixtures in the sale, making this a seamless opportunity for an owner-operator or investor. The second-floor apartment offers 3 generously sized bedrooms, 1 full bathroom, and abundant living space. The finished attic provides additional versatile space complete with another full bathroom, ideal for extended living, office space, or storage. This property also features a full basement providing ample additional storage space. This unique property offers excellent income potential and a rare opportunity to own both a thriving business and residential space in one package. Conveniently located near major highways, hospitals, and other local businesses.
Key Facts
- City/Town
- Norwich
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1938
- Days on Market
- 52 days
- Beds
- 3
- Baths
- 2 full
- Living Area
- 3,476 sq ft
- Lot Size
- 0.40 acres
- Property Taxes
- $7,021 / Annually
Market Snapshot
The Norwich Market
Multi-Family · trailing 12 months
Active Listings
21
18 under contract
Median List Price
$418,000
21 active listings
Median Closed Price
$340,000
101 sales
Median Days on Market
34
21 active listings
Median $ / Sq Ft
$146
21 active listings
Sale-to-List Ratio
100.9%
101 sales
How this home compares
List Price
$650,000
vs $418,000 median
55.5% above median
Price / Sq Ft
$187
vs $146 median
28.1% above median
Days on Market
52 days
vs 34 days median
18 days longer than median
Based on 21 active and 101 closed sales (trailing 12 mo) of multi-family in Norwich. Source: SmartMLS · As of July 30, 2026.
Location
20-22 Lafayette Street, Norwich, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$3,314
- Property Taxes$585
- Insurance$217
- 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
- Other
- Style
- Units on different Floors
- Year Built
- 1938
- New Construction
- No/Resale
- Living Area
- 3,476 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- RadiatorSteam
- Heat Fuel
- Natural Gas
- Cooling
- Window Unit
- Basement
- Full
Exterior & Lot
- Lot Size
- 0.40 acres
- Zoning
- NC
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Lot Description
- N/A
Listing & Financials
- Property Taxes
- $7,021 / Annually
- Days on Market
- 52
- MLS #
- 24182070
- 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 7/30/2026. 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 7/30/2026 at 7:40 PM UTC.