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Sold for $350,000 on 04/04/25
  • $350,000

    366 West Thames Street, Norwich, CT 06360

    6beds
    2,770sqft
    Multi Family
    Built in 1890
    -- sqft lot
    $369,600 Zestimate®
    $126/sqft
    $1,985 Estimated rent

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    $2,306/mo

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    $2,306/mo

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    What's special

    Unlock the potential of this dated four-family property, perfectly positioned in a rapidly growing town. Situated near thriving casinos and an exciting new development, this property has immense value-add potential. The building features four separate units with flexible layouts, providing various bedroom and bathroom options to suit different tenant needs. Although in need of updates, the property presents a blank canvas for modern renovations that can significantly boost rental income and property value. With a solid structure and prime location, it promises strong tenant demand because of its proximity to entertainment, dining, and new development amenities. Investors can take advantage of the high demand area, increasing rental opportunities from the influx of visitors and workers from nearby attractions. This is a rare opportunity to enhance the property's value and capitalize on the flourishing local economy and future appreciation. Parking lot found in rear of the building for tenants.

    Zillow last checked: 8 hours ago

    Listing updated: April 04, 2025 at 08:38am

    Listed by:

    Carol M. Horsford 203-671-1961,

    Farnam Realty Group 203-671-1924,

    Craig Delgado-Alonzo 203-343-2642,

    Farnam Realty Group

    Bought with:

    Dale J. Bunn, RES.0788367

    Riverview Realty, LLC

    Source: Smart MLS,MLS#: 24068721MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Baseboard, Forced Air, Natural Gas
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Electric Water Heater, Water Heater
    • Laundry: In Basement, Common Area
    Features
    • Basement: Partial,Partially Finished
    • Attic: Crawl Space,Access Via Hatch
    • Has fireplace: No
    Interior area
    • Total structure area: 2,770
    • Total interior livable area: 2,770 sqft
    • Finished area above ground: 2,770

    Property

    Parking
    • Total spaces: 5
    • Parking features: None, Parking Lot, Off Street
    Features
    • Has view: Yes
    • View description: City
    Lot
    • Size: 10,018 sqft
    Details
    • Parcel number: 2030915
    • Zoning: GC

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors,Units are Side-by-Side
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding
    • Foundation: Stone
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1890

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Norwich
    • Subdivision: Laurel Hill
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $369,600
    2% more+$7,392
    With Zillow Showcase(estimated)$376,992