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    197 Central Ave Norwich, CT 06360

    For Sale
    $279,000

    Units On Different Floors, 3 Family - Norwich, CT

    Property size:
    2,014 SF
    Lot size:
    0.05 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 15 at 7:06 am

    Property Features for 197 Central Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MF
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    2414932
    Parking
    2
    Parking features
    Parking Lot
    Patio and Porch features
    Porch, Deck
    Exterior features
    Balcony, Sidewalk, Porch, Deck, Lighting
    Basement Y/N
    1
    Size
    2,014 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating), Natural Gas
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1830
    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 17, 2025

    MLS# 24128600 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 Mixed-Use Investment Opportunity

    This mixed-use property in Norwich, CT, presents an investment opportunity with a blend of commercial and residential spaces. The property is situated in a busy area. The main level features a rented commercial space. Additionally, there are two 2-bedroom, 1-bathroom apartments attached, currently occupied by tenants with leases in place. The property size is 2014 square feet and the lot size is 0.05 acres. The zoning is MF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Perfect Touch Designs ... Beautician

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.056826
    Latitude
    41.533154

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and residential apartments in Norwich.
    Where is this mixed-use property located?
    The property is located at 197 Central Ave Norwich, CT.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: - Rented commercial space on the main level provides immediate income.; - Two 2 BR / 1BA apartments are currently occupied with leases in place, ensuring consistent residential income.; - Mixed-use property offers both commercial and residential income streams.
    (860) 572-9099
    Request Owner's contact information
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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
    197 Central Ave Norwich, CT 06360
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