40 Maple Grove Avenue
Norwich, Connecticut 06360
- Beds
- 4
- Baths
- 4
- SqFt
- 2,543
- Acres
- 0.20
- Year Built
- 1881
- Property Type
- 3 Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
11 CAP with 20% ROI. Charming three-family property situated along the scenic Heritage Trail with peaceful views of the Yantic River in Norwich. This unique multifamily asset blends classic New England character with strong owner-occupant or investment potential. Featuring beautiful stone and shingle architecture, the property is surrounded by mature landscaping, a large park-like yard, and a tranquil setting just moments from downtown amenities, parks, and walking trails. The property includes spacious units with abundant natural light, updated mechanicals, a newer roof, on-site laundry, a detached two-car garage, and ample off-street parking. Market rents are supported with many comps at $2,000, $1,600, and $1,500 per month. Additionally, the property features an in-law suite with a separate entrance, creating the potential for a fourth unit. Ideal opportunity for investors or owner-occupants seeking charm, flexibility, and long-term upside in a highly desirable location.
Key Facts
- City/Town
- Norwich
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1881
- Days on Market
- 12 days
- Beds
- 4
- Baths
- 4 full
- Living Area
- 2,543 sq ft
- Lot Size
- 0.20 acres
- Property Taxes
- $6,844 / Annually
Market Snapshot
The Norwich Market
Multi-Family · trailing 12 months
Active Listings
20
22 under contract
Median List Price
$423,500
20 active listings
Median Closed Price
$340,000
98 sales
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
$375,000
vs $423,500 median
11.5% below median
Price / Sq Ft
$147
vs $150 median
In line with median
Days on Market
12 days
vs 38 days median
26 days fresher 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
40 Maple Grove Avenue, Norwich, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$1,912
- Property Taxes$570
- Insurance$125
- 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
- 1881
- New Construction
- No/Resale
- Living Area
- 2,543 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Steam
- Heat Fuel
- Oil
- Cooling
- None
- Fireplaces
- 1
- Basement
- Full
Exterior & Lot
- Lot Size
- 0.20 acres
- Zoning
- R20
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Shingle
- Roof
- Asphalt Shingle
- Foundation
- Masonry
- Lot Description
- N/A
Listing & Financials
- Property Taxes
- $6,844 / Annually
- Days on Market
- 12
- MLS #
- 24192083
- MLS Status
- Under Contract
Similar Properties
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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 7/28/2026. 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 4:25 AM UTC.