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    34 5Th St Norwich, CT 06360

    Pending
    For Sale
    $567,000

    5 Family+, Units On Different Floors - Norwich, CT

    Property size:
    4,454 SF
    Lot size:
    0.16 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 34 5Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    NC
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
    Bedrooms
    8
    Bathrooms
    6
    APN
    2412292
    Parking
    6
    Parking features
    Parking Lot, Paved or Surfaced
    Basement Y/N
    1
    Size
    4,454 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Baseboard, Natural Gas
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1880
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    RE/MAX ON THE BAY (860) 739-0888 [email protected]

    Listing agent Dawn Field (860) 739-0888

    Listing date Nov 21, 2025

    MLS# 24115791 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 6-Unit Multifamily Investment

    This is a 6-unit multifamily property in Norwich, CT, presenting an investment opportunity. The property contains 4,454 square feet and is situated on a 0.16-acre lot. Four of the six units have been recently remodeled. Tenants are responsible for their own heat, hot water, and electricity, which keeps owner expenses low. Two units include in-unit laundry hookups. Currently, four of the units are rented below market value, offering the potential to increase income over time. The zoning is NC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -72.055905
    Latitude
    41.533803

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 6-unit property with income growth potential in Norwich.
    Where is this apartment building located?
    The property is located at 34 5Th St Norwich, CT.
    What is the asking price?
    The asking price for this property is $567,000.
    What are key features of this property?
    This property features: - Opportunity to increase income by raising rents to market value on four units.; - Four units have been recently remodeled.; - Tenants pay for their own heat, hot water, and electricity, minimizing owner expenses.
    (860) 739-0888
    Request Owner's contact information
    34 5Th St Norwich, CT 06360
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    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
    34 5Th St Norwich, CT 06360
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