Skip to main content

361 Central Avenue

Norwich, Connecticut 06360

ACTIVE - NEW$255,444
Beds
8
Baths
3 | 2
SqFt
3,047
Acres
0.05
Year Built
1885
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

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

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

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$1,759

per 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

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

Listed By

Maria Pirulli

(860) 306-0010

Five Stars Realty

(860) 560-1500

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.