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218 Main Street, Norwich, CT 06360

Multi-Family For Sale · 5 Family+

$795,000
$311/sqft
218 Main Street, Norwich, CT
Active
5
Bedrooms
5
Bathrooms
2,559
Sq Ft
0.1
Acres
1900
Year Built

About This Home

VC Property Group is pleased to present 218-224 Main Street and 2 Franklin Street, a compelling adaptive re-use redevelopment opportunity located in the heart of downtown Norwich. The offering consists of two adjacent historic buildings totaling approximately 14,500 square feet, positioned within Norwich's established Main Street commercial corridor. This mixed use asset would include 10 residential and 5 commercial units upon completion. Projected $2.7M post construction VALUE - more photos to come, current photo is an artistic rendering. Both buildings are classified as contributing structures within the historic district, creating potential eligibility under the Federal Historic Tax Credit (20%) and Connecticut Historic Tax Credit (25%) programs for qualified rehabilitation expenditures. When properly structured, these incentives can offset a substantial portion of redevelopment costs and play a meaningful role in the project's capital stack. The project presents an attractive value-add strategy through the conversion of upper floors into residential units while maintaining commercial storefronts at street level. The proposed redevelopment plan includes 10 residential units consisting of eight studio apartments and two townhouse-style two-bedroom units, complemented by five commercial spaces on the first floor, creating a vibrant mixed-use asset aligned with growing downtown housing demand.

Listed by Anthony Velez (860) 300-3102 with VC Property Group, LLC (860) 300-3102

Listing Snapshot

Price $795,000 Days on Our Site 1 days
Property Tax $4,470/yr Style Other
Year Built 1900 Total Sq Ft 2,559
Lot Size 0.1 acres HOA Fees N/A
Bedrooms 5 Full Bathrooms 5
Total Rooms 5 Half Baths 0

Structure & Parking

Construction Brick
Roof Flat

Systems & Utilities

Heat Radiant
Fuel Electric
Cooling None
Hot Water 40 Gallon Tank
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Per Board of Ed
High Per Board of Ed

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $373/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Sep 17, 2026 Listed $795,000

Frequently Asked Questions

How much does 218 Main Street in Norwich, CT cost?
This property is listed at $795,000, which works out to $311 per square foot.
How many bedrooms does 218 Main Street have?
This home has 5 bedrooms and 5 bathrooms.
What is the square footage of 218 Main Street?
The home is 2,559 square feet, situated on 0.1 acres.
When was 218 Main Street in Norwich built?
This property was built in 1900.
Is 218 Main Street, Norwich, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 218 Main Street, Norwich in?
This home is served by the Norwich public school system, with Per Board of Ed as the elementary school and Per Board of Ed as the high school.
How do I schedule a tour of 218 Main Street, Norwich, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Anthony Velez · (860) 300-3102

VC Property Group, LLC · (860) 300-3102

MLS# 24207982 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Sep 17, 2026 6:35 PM UTC