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    12 Penobscot St Norwich, CT 06360

    For Sale
    $419,000

    4 Family - Units On Different Floors,4updown - Unit(s) Per Floor

    Property size:
    2,462 SF
    Lot size:
    0.16 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 12 Penobscot St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MF
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    APN
    2027091
    Patio and Porch features
    Deck
    Exterior features
    Balcony, Sidewalk, Deck, Covered Deck
    Basement Y/N
    1
    Size
    2,462 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1870
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Randall Realtors (860) 887-1122 [email protected]

    Listing agent Jason Pollard (860) 572-9099

    Listing date Nov 10, 2025

    MLS# 24138213 Listing URL

    Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Norwich Four-Unit Investment Opportunity

    This is an investment opportunity featuring a fully rented four-unit property located in Norwich. The property contains 2,462 square feet and sits on a 0.16-acre lot. Each unit is equipped with electric heat and hot water, and each has separate meters. The property's location provides convenient access to casinos, schools, and other amenities. The zoning is MF. This property offers steady cash flow and promising long-term investment potential in a growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.066639
    Latitude
    41.523569

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    FAQs

    What type of property is this?
    Quadplex - Fully rented four-unit property in Norwich near amenities.
    Where is this quadplex located?
    The property is located at 12 Penobscot St Norwich, CT.
    What is the asking price?
    The asking price for this property is $419,000.
    What are key features of this property?
    This property features: - Fully rented 4-unit property providing immediate cash flow.; - Separate electric meters for each unit simplifies management and billing.; - Located near casinos, schools, and other amenities.
    (860) 572-9099
    Request Owner's contact information
    12 Penobscot St Norwich, CT 06360
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12 Penobscot St Norwich, CT 06360
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