361 Central Avenue
Norwich, Connecticut 06360
- Beds
- 8
- Baths
- 3 | 2
- SqFt
- 3,047
- Acres
- 0.05
- Year Built
- 1885
- Property Type
- 2 Family

Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
Bring your vision and restore the character of this spacious two-family property, an exceptional opportunity for investors, contractors, or owner-occupants looking to build equity. This property features approximately 3,047 square feet of living space with 14 total rooms, 8 bedrooms, 3 full bathrooms, and 2 half bathrooms across two residential units. Additional features include a full unfinished basement, open front porches, and a rear deck. The home requires substantial updates and is being offered in as-is condition, making it an ideal value-add project with significant upside potential. Whether you're looking to renovate and resell, expand your rental portfolio, or create a multi-generational living arrangement, this property presents a rare opportunity to transform a historic two-family into an income-producing asset. Conveniently located near local shopping, restaurants, schools, public transportation, and major roadways, this property combines redevelopment potential with an accessible location. Bring your ideas and unlock the possibilities this property has to offer. Buyers are encouraged to perform their own due diligence regarding the property's condition and future use.
Key Facts
- City/Town
- Norwich
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1885
- Days on Market
- 2 days
- Beds
- 8
- Baths
- 3 full · 2 half
- Living Area
- 3,047 sq ft
- Lot Size
- 0.05 acres
- Property Taxes
- $4,460 / 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
$255,444
vs $423,500 median
39.7% below median
Price / Sq Ft
$84
vs $150 median
44.0% below median
Days on Market
2 days
vs 38 days median
36 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
361 Central Avenue, Norwich, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$1,302
- Property Taxes$372
- Insurance$85
- 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
- Duplex
- Style
- Units on different Floors
- Year Built
- 1885
- New Construction
- No/Resale
- Living Area
- 3,047 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Hot Water
- Heat Fuel
- ElectricOil
- Cooling
- None
- Laundry
- None
- Basement
- FullUnfinished
Exterior & Lot
- Lot Size
- 0.05 acres
- Zoning
- MF
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl SidingAsbestos
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Lot Description
- City ViewsLevel Lot
Listing & Financials
- Property Taxes
- $4,460 / Annually
- Days on Market
- 2
- MLS #
- 24194455
- MLS Status
- Active
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.