Attention Investors or Owner-Occupants! Multi-Family Home with Commercial Space in Norwich -This mixed-use property has a unique opportunity with 3 units -2 residential and 1 commercial. The residential units are already generating income, while the commercial space provides endless possibilities for your business or additional residential conversion. Commercial space located on the first floor, previously used as a restaurant but ready for your personal touches. It can be easily converted to suit various businesses such as a mini grocery store, beauty/barber shop, nail salon, office, or more. Separate utilities for each unit. Recent owner upgrades include: New siding, gutters, and windows. The roof is approximately 5 years old. The two-bedroom unit is fully remodeled, and the four-bedroom unit has a renovated kitchen and bathroom. The commercial space and studio unit are in need of renovation, but it has huge potential for value growth. Centrally located, just 10 minutes from Mohegan Sun Casino and 13 minutes from Foxwoods Resort Casino two of Connecticut's top entertainment destinations! The prime location makes this an attractive option for both tenants and businesses, with a strong demand for rentals and commercial ventures. This property has great cash flow potential with tenants already in place, and the commercial space gives you the flexibility to bring your vision to life. Whether you're an investor or looking for an owner-occupied opportunity.
For sale
Price cut: $9.1K (2/3)
$299,900
327 Central Ave, Norwich, CT 06360
7beds
3,096sqft
Est.:
Multi Family
Built in 1850
-- sqft lot
$-- Zestimate®
$97/sqft
$-- HOA
What's special
- 156 days
- on Zillow |
- 1,391 |
- 99 |
Zillow last checked: 7 hours ago
Listing updated: April 28, 2025 at 07:50am
Listed by:
Dennisse Rivera-Mercado,
Kempf-Vanderburgh Realty
Source: Smart MLS,MLS#: 24061367

Travel times
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Water Heater
- Laundry: None
Features
- Basement: Full
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 3,096
- Total interior livable area: 3,096 sqft
- Finished area above ground: 3,096
Property
Parking
- Total spaces: 8
- Parking features: None, Off Street, Driveway, Private
- Has uncovered spaces: Yes
Lot
- Size: 5,227.2 Square Feet
- Features: Corner Lot, Level
Details
- Parcel number: 2027985
- Zoning: MF
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors,Other
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- New construction: No
- Year built: 1850
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Norwich
Financial & listing details
- Price per square foot: $97/sqft
- Tax assessed value: $74,200
- Annual tax amount: $2,834
- Date on market: 11/26/2024
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