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    29 Sheas Ln Taftville, CT 06380

    For Sale
    $450,000

    Units On Different Floors, 3 Family - Norwich, CT

    Property size:
    3,327 SF
    Lot size:
    1.19 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 29 Sheas Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R20/R4
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    3
    APN
    2416889
    Parking
    15
    Parking features
    Carport, Driveway, Garage, Garage - Detached
    Patio and Porch features
    Porch
    Interior features
    Thermopane Windows
    Exterior features
    Storm Doors, Porch, Gutters, Lighting
    Basement Y/N
    1
    Size
    3,327 SF
    Lot size
    1.19 Acres

    Utilities

    Heating system
    Electric (Heating), Hot Water (Heating), Natural Gas
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1930
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Other, Shingle
    Architectural style
    Other

    Garden Realty (860) 848-8061 [email protected]

    Listing agent Gregory Hanner (860) 608-8659

    Listing date Oct 27, 2025

    MLS# 24128739 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 Three-Family Home with Garage

    This fully occupied three-family home is situated on 1.19 acres, offering a rural feel with buildings set back from the road while providing urban conveniences. Each apartment features 2 bedrooms, in-unit laundry hookups, and separate utilities. Two units are located on the ground floor. The tenants are long-term, with month-to-month agreements. One tenant is planning to purchase, which creates an opportunity for an owner-occupant buyer. A detached four-car garage plus a two-car carport adds rental income, and there is abundant off-street parking. Recent updates include a new main house roof and a five-year-old garage roof. The landlord covers water, sewer, snow removal, and yard maintenance. The property is conveniently located in Taftville near Norwich amenities and highways. The property, with a total size of 3,327 square feet, is zoned R20/R4. The current gross monthly income is $3,740, with market rents projected to be higher. The current cap rate is 5.6%, and it could be increased to 10.0% with modest rental rate increases. This property delivers both stability and growth potential for investors or flexibility for an owner-occupant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Taftville
    County
    New London
    State
    Connecticut
    Longitude
    -72.060534
    Latitude
    41.566358

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    FAQs

    What type of property is this?
    Triplex - Three-unit residential property with detached garage and ample parking.
    Where is this triplex located?
    The property is located at 29 Sheas Ln Taftville, CT.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Strong income potential with a current 5.6% Cap Rate. Pro forma available showing potential to 10.0% with modest rental rate increases.; - Fully occupied 3-family home with long-term tenants, offering immediate rental income.; - Detached 4-Car Garage plus 2-Car Carport provides additional rental income and abundant off-street parking.
    (860) 608-8659
    Request Owner's contact information
    29 Sheas Ln Taftville, CT 06380
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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
    29 Sheas Ln Taftville, CT 06380
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