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    1 George St Norwich, CT 06360

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    For Sale
    $214,925

    Two-family home with expansion potential in convenient Norwich location.

    Lot size:
    0.15 Acres

    Property Features for 1 George St

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1915

    Source: Five Stars Realty Agent Jayson G. Kemp

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Norwich Two-Family Home with Land

    This well-maintained two-family property offers an investment or owner-occupied opportunity in Norwich. Constructed in 1915, the property at 1 George Street features 1,244 sq. ft. of living space, with a total of seven rooms, including three bedrooms and two full baths across two units. The home includes vinyl siding, hardwood floors, gas heat with hot water, and a partial basement for storage. Situated on a 0.15-acre lot, the property provides manageable outdoor space. The sale includes the adjoining lot at 3 George Street, adding an additional 0.15 acres for expansion potential, extra yard space, or possible future development. Together, the combined parcels provide approximately 0.30 acres in a multifamily zone, close to downtown Norwich, public transportation, schools, and area amenities. This property offers a versatile income-producing opportunity with added land value.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -71.974554
    Latitude
    41.608618

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    FAQs

    What type of property is this?
    Duplex - Two-family home with expansion potential in convenient Norwich location.
    Where is this duplex located?
    The property is located at 1 George St Norwich, CT.
    What is the asking price?
    The asking price for this property is $214,925.
    What are key features of this property?
    This property features: - Two-family property ideal for investment or owner-occupancy.; - Includes an adjoining 0.15-acre lot (3 George Street) for expansion, yard space, or development potential, totaling 0.30 acres.; - Convenient location close to downtown Norwich, public transportation, schools, and amenities.
    (860) 573-0277
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    1 George 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
    1 George St Norwich, CT 06360
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