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38 Platt Avenue

Norwich, Connecticut 06360

PENDING$199,000

Reduced from $215,000

Beds
3
Baths
1 | 1
SqFt
1,364
Acres
0.17
Year Built
1890
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.

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Price Reduced

About This Home

Opportunity is knocking at 38 Platt Ave! Located in Norwich's MF zoning district, this 3-bedroom, 2-bath home offers a unique opportunity for an investor or owner-occupant looking for a property with plenty of potential. Currently configured as a single-family home, the existing layout could provide an appealing starting point for exploring a return to multi-family use, subject to buyer due diligence and all required approvals. The home is being sold as-is and is ready for someone with vision to take on the necessary renovations and bring this property to its next chapter. With a basement offering additional finishing potential, there is room to expand the usable living space and create something truly tailored to your plans. Location adds even more appeal, with Mohegan Park just about a minute away and Backus Hospital and Norwich Free Academy both less than two miles from the property. Whether you're looking to renovate and occupy, create an income-producing property, or explore the possibilities offered by the MF zoning, 38 Platt Ave provides a blank slate and an opportunity to build value through your own vision. Bring your ideas, your plans, and your contractor, and take a closer look at what this property could become. Opportunities with this combination of location, zoning, and potential deserve a serious look.

Key Facts

City/Town
Norwich
Neighborhood
N/A
Property / Style
Single Family · Other
Year Built
1890
Days on Market
46 days
Beds
3
Baths
1 full · 1 half
Living Area
1,364 sq ft
Lot Size
0.17 acres
Garage / Parking
3 total
Property Taxes
$4,385 / Annually

Market Snapshot

The Norwich Market

Single Family · trailing 12 months

Median Days on Market

35

79 active listings

Median $ / Sq Ft

$219

79 active listings

Sale-to-List Ratio

100.5%

388 sales

How this home compares

List Price

$199,000

vs $339,000 median

41.3% below median

Price / Sq Ft

$146

vs $219 median

33.3% below median

Days on Market

46 days

vs 35 days median

11 days longer than median

Based on 79 active and 388 closed sales (trailing 12 mo) of single family in Norwich. Source: SmartMLS · As of November 11, 2026.

Location

38 Platt Avenue, Norwich, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$1,509

per month

  • Principal & Interest$1,078
  • Property Taxes$365
  • Insurance$66
  • 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
Single Family
Style
Other
Year Built
1890
New Construction
No/Resale
Living Area
1,364 sq ft

Schools

Elementary
Per Board of Ed
Middle
Per Board of Ed
High
Per Board of Ed

Interior

Heating
Hot Water
Heat Fuel
Gas In Street
Cooling
None
Appliances
Refrigerator
Basement
FullFull With Hatchway

Exterior & Lot

Lot Size
0.17 acres
Zoning
MF
Garage / Parking
3 total parking spacesPaved
Waterfront Details
Not Applicable
Water Source
Public Water Connected
Sewer
Public Sewer Connected
Construction
Vinyl Siding
Roof
Asphalt Shingle
Foundation
Concrete
Lot Description
Sloping Lot

Listing & Financials

Property Taxes
$4,385 / Annually
Days on Market
46
MLS #
24208838
MLS Status
Under Contract

Similar Properties

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

Listed By

Adam Gumula

(617) 697-2749

Kazantzis Real Estate, LLC

(860) 774-2733

Co-Listed By

Jacqueline Gumula

Kazantzis Real Estate, LLC

This information is believed to be accurate, but without warranty.

The IDX display contains information sourced from SmartMLS, Inc. as of 11/11/2026. 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 11/11/2026 at 7:50 PM UTC.