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20-22 Lafayette Street

Norwich, Connecticut 06360

ACTIVE$650,000
Beds
3
Baths
2
SqFt
3,476
Acres
0.40
Year Built
1938
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

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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

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

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$4,116

per 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

Similar Properties

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

Listed By

Carol Cajahuaringa

(860) 539-1444

Premier Properties of CT

(860) 756-0980

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.