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40 River Avenue, Norwich, CT 06360

Single Family For Sale

$242,500
$100/sqft
40 River Avenue, Norwich, CT
Active
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3
Bedrooms
3
Bathrooms
2,435
Sq Ft
0.21
Acres
1860
Year Built

About This Home

Rare investment opportunity! This Victorian-style property is being sold together with an adjacent vacant residential lot offering beautiful views of the Thames River. The home features two kitchens, oil heat, an updated electrical panel, and a detached two-car garage, providing an excellent foundation for a renovation project. Major improvements have already begun, including roughed-in electrical and a first floor bathroom with new studs and drywall. The second-floor bathroom has been gutted to the studs and is ready for your finishing touches. The property requires a new furnace, cosmetic updates throughout, and completion of the kitchens and bathrooms, making it an ideal project for investors, builders, or owner occupants looking to build equity. Included in the sale is 41 River Ave, a separate 5,227 SF (.12-acre) residential lot with scenic Thames River views. The previous owner envisioned a waterfront-view porch and patio overlooking the river. While the lot will require significant landscaping due to its slope, it offers outstanding potential to create a one-of-a-kind outdoor retreat or future homesite. Don't miss this unique chance to own a renovation project plus an additional buildable lot with water views in one package! Sale dependent upon the contract owner's ability to take title.

Listed by Derek Greene (888) 278-5840 with Derek Greene (888) 278-5840

Listing Snapshot

Price $242,500 Days on Our Site 42 days
Property Tax $7,923/yr Style Victorian
Year Built 1860 Total Sq Ft 2,435
Lot Size 0.21 acres HOA Fees N/A
Bedrooms 3 Full Bathrooms 1
Total Rooms 10 Half Baths 2

Key Features

Appliances
  • Refrigerator

Structure & Parking

Construction Other
Roof Asphalt Shingle
Garage Spaces 2
Garage Type Detached Garage, Other

Systems & Utilities

Heat Other
Cooling None
Hot Water Other
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Veterans Memorial
High Norwich Free Academy

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $660/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Aug 4, 2026 Listed $242,500

Frequently Asked Questions

How much does 40 River Avenue in Norwich, CT cost?
This property is listed at $242,500, which works out to $100 per square foot.
How many bedrooms does 40 River Avenue have?
This home has 3 bedrooms and 3 bathrooms.
What is the square footage of 40 River Avenue?
The home is 2,435 square feet, situated on 0.21 acres.
When was 40 River Avenue in Norwich built?
This property was built in 1860.
Is 40 River 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 40 River Avenue, Norwich in?
This home is served by the Norwich public school system, with Veterans Memorial as the elementary school and Norwich Free Academy as the high school.
How do I schedule a tour of 40 River 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

Derek Greene · (888) 278-5840

Derek Greene · (888) 278-5840

MLS# 24196250 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Aug 4, 2026 3:16 PM UTC