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$795,000
12 Beds ⋅ 6 Baths ⋅ ACTIVE Status ⋅ 24186008 MLS
Fully occupied 6-unit multifamily investment opportunity offering strong in-place cash flow and substantial embedded rental upside. The property consists of four 2-bedroom units, one 3-bedroom unit, and one 1-bedroom unit, currently generating $74,400 in annual gross income with a projected stabilized income of approximately $119,400 based on market rents. At stabilization, the asset supports a projected NOI exceeding $77,000, equating to a 9.69% cap rate and a 14.79% projected return on investment. Investors will appreciate the opportunity to significantly increase revenue through lease turnover and rent normalization rather than extensive renovations. All utilities, including electric and hot water, are separately metered and paid by tenants, with ownership responsible only for heat. Additional features include off-street parking, public water and sewer, and over 6,000 square feet of living area situated on a 0.50-acre lot. A compelling opportunity to acquire a scalable multifamily asset with strong income growth potential in one of Connecticut's most active rental markets.

265 Washington St, Norwich
$975,000
ACTIVE Status ⋅ 24067569 MLS
Four parcels (282, 292, 300R and 318R) Old Canterbury Turnpike combined for a total of 101.47 acres. Located 1.1 miles and 3 minutes off Interstate 395, exit 18. An extra wide driveway leads up to the very private property. The acreage is high and dry except for a very small bit of wetlands to the rear of 318R. It is estimated that ~70 acres could be developed. Some of the property was formerly a Christmas tree farm and has been 60% cleared. There is currently a clear span 96 ft. wide x 140 ft. long x 32 ft. high fabric building that can be sold with the property or removed. 657 feet of frontage. Part of 318R goes straight down to Old Canterbury Turnpike allowing for shorter access to public utilities (water/gas/sewer) all less than 1/4 mile away. The property is almost next door ( 1 mile) to Norwich Business Park North which is currently under development. Zoned R80. Buyer to do all due-diligence, taxes currently in PA490. By appointment only!

282-318r Old Canterbury Tpke, Norwich
$299,900
ACTIVE Status ⋅ 24118956 MLS
Prime Commercial Property Overlooking the Yantic River - Adjacent to Future Hotel Site! A rare opportunity to own a well-known commercial property in a high-potential location-this long-established site has operated for many years as a family-run bakery, serving the local community with pride. While the business name and operations are not included in the sale, the space is ideally suited for continuing a similar venture or introducing a brand-new concept of your own. Beautifully situated overlooking the scenic Yantic River, the property offers a peaceful, picturesque backdrop-adding charm and character to any business you choose to create here. It's also just steps away from the upcoming Yantic Hale Mill redevelopment-a planned 151-room hotel-which promises to bring increased visibility, traffic, and growth to the area. Whether you're an entrepreneur ready to launch your vision or an investor looking for a strategic location, this is your chance to get in early. As a bonus, the sale includes an additional lot currently used as an outdoor stone garden with seating-perfect for creating an inviting customer space or hosting seasonal events. The property is also safely above flood level, and a third adjoining parcel may be available for purchase to expand your footprint even further. This is more than a property-it's a canvas for your next big idea, backed by years of successful operation and set against the tranquil beauty of the Yantic River.

125 Yantic Rd, Norwich

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