287 Central Avenue
Norwich, Connecticut 06360
- Beds
- 6
- Baths
- 5
- SqFt
- 4,130
- Acres
- 0.08
- Year Built
- 1860
- Neighborhood
- Greenville
- Property Type
- 5+ Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
Opportunity to acquire two Norwich investment properties as a combined portfolio for $995,000. The offering includes a mixed-use property at 287 Central Avenue and a vacant three-family property at 119 Williams Street, providing a combined total of six residential units and two commercial spaces. Central Avenue includes three occupied residential units, one occupied commercial space and one vacant commercial space. All three Williams Street apartments are currently vacant, giving a new owner the ability to establish new leases and execute their own rental and management strategy. The combined unit mix includes two one-bedroom, two two-bedroom and two three-bedroom apartments. This asset will yield a stabilized annual income of $151,500 and an estimated 12.23% pro forma cap rate at full ask. A compelling opportunity to acquire scale, diversified income and meaningful lease-up potential in a single transaction.
Key Facts
- City/Town
- Norwich
- Neighborhood
- Greenville
- Property / Style
- Multi-Family · Units on different Floors,Units are Side-by-Side
- Year Built
- 1860
- Days on Market
- 0 days
- Beds
- 6
- Baths
- 5 full
- Living Area
- 4,130 sq ft
- Lot Size
- 0.08 acres
- Property Taxes
- $4,340 / Annually
Market Snapshot
The Norwich Market
Multi-Family · trailing 12 months
Active Listings
20
24 under contract
Median List Price
$390,000
20 active listings
Median Closed Price
$345,000
95 sales
Median Days on Market
29
20 active listings
Median $ / Sq Ft
$163
20 active listings
Sale-to-List Ratio
101.0%
95 sales
How this home compares
List Price
$995,000
vs $390,000 median
2.6× the median
Price / Sq Ft
$241
vs $163 median
47.9% above median
Days on Market
0 days
vs 29 days median
29 days fresher than median
Based on 20 active and 95 closed sales (trailing 12 mo) of multi-family in Norwich. Source: SmartMLS · As of August 31, 2026.
Location
287 Central Avenue, Norwich, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Aug 27, 2026per month
- Principal & Interest$5,115
- Property Taxes$362
- Insurance$332
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Norwich
- Neighborhood
- Greenville
- County
- New London
Residence
- Property Type
- Multi-Family
- Subtype
- 5 Family+
- Style
- Units on different Floors,Units are Side-by-Side
- Year Built
- 1860
- New Construction
- No/Resale
- Living Area
- 4,130 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Norwich Free Academy
Interior
- Heating
- Hot Water
- Heat Fuel
- Electric
- Cooling
- Window Unit
- Basement
- Full
Exterior & Lot
- Lot Size
- 0.08 acres
- Zoning
- NC
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl SidingBrick
- Roof
- Gable
- Foundation
- Concrete
- Lot Description
- Corner Lot
Listing & Financials
- Property Taxes
- $4,340 / Annually
- Days on Market
- 0
- MLS #
- 24202778
- MLS Status
- Active
Similar Properties
Homes with a close match in area, property type, and price.
This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 8/31/2026. 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 8/31/2026 at 12:15 AM UTC.