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287 Central Avenue, Norwich, CT 06360

Multi-Family For Sale · 5 Family+

$475,000
$115/sqft
287 Central Avenue, Norwich, CT
Active
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6
Bedrooms
5
Bathrooms
4,130
Sq Ft
0.08
Acres
1860
Year Built

About This Home

Mixed-use investment opportunity featuring three residential units and two commercial spaces totaling approximately 4,130 square feet. The residential mix includes two one-bedroom units and one two-bedroom unit. Two residential units and one commercial space are currently occupied, while the second commercial space and one residential unit is vacant, offering immediate lease-up and value-add potential. Our underwriting team projects stabilized annual income of $74,700, effective gross income of $73,365 and NOI of approximately $64,027-representing an estimated 13.48% pro forma cap rate at the $475,000 asking price. Built in 1860, the property includes off-street parking, public water and sewer, electric heat and hot water, city trash pickup and tenant-paid utilities. An attractive opportunity for an investor seeking diversified income, an established tenant base and additional upside. Financial information and projections are available for review.

Listed by Christian Martinez (860) 778-6427 with VC Property Group, LLC (860) 300-3102

Listing Snapshot

Price $475,000 Days on Our Site 1 days
Property Tax $4,340/yr Style Units on different Floors,Units are Side-by-Side
Year Built 1860 Total Sq Ft 4,130
Lot Size 0.08 acres HOA Fees N/A
Bedrooms 6 Full Bathrooms 5
Total Rooms 17 Half Baths 0

Structure & Parking

Construction Brick,Masonry
Roof Gable

Systems & Utilities

Heat Hot Water
Fuel Electric
Cooling Window Unit
Hot Water Upright Tank
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Per Board of Ed
High Norwich Free Academy

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $362/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Sep 17, 2026 Listed $475,000

Frequently Asked Questions

How much does 287 Central Avenue in Norwich, CT cost?
This property is listed at $475,000, which works out to $115 per square foot.
How many bedrooms does 287 Central Avenue have?
This home has 6 bedrooms and 5 bathrooms.
What is the square footage of 287 Central Avenue?
The home is 4,130 square feet, situated on 0.08 acres.
When was 287 Central Avenue in Norwich built?
This property was built in 1860.
Is 287 Central Avenue, 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 287 Central Avenue, Norwich in?
This home is served by the Norwich public school system, with Per Board of Ed as the elementary school and Norwich Free Academy as the high school.
How do I schedule a tour of 287 Central Avenue, 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

Christian Martinez · (860) 778-6427

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

MLS# 24207988 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Sep 17, 2026 7:19 PM UTC