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    29 Talman St Norwich, CT 06360

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    For Sale
    $289,900

    Three-unit building in Norwich, CT, with recent updates and river views.

    Lot size:
    0.33 Acres

    Property Features for 29 Talman St

    General Information

    Lot size
    0.33 Acres

    Building Details

    Year built
    1850

    Source: eXp Realty Agent Kevin Fennell

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

    Overview

    Norwich Triplex with River Views

    This three-unit building is located in Norwich, CT. Each unit has tenant-paid utilities and electric baseboard heating. Recent updates in 2023 include interior paint, new appliances, and some new flooring. The asphalt was replaced in 2023, providing two parking spots per unit. Electrical and plumbing updates were completed in 2017. The roof is under 15 years old. The property is connected to city sewer and water, and NPU provides power. The second and third-floor apartments offer views of the Shetucket River.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwich
    County
    New London
    State
    Connecticut
    Longitude
    -72.07476
    Latitude
    41.522293

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    FAQs

    What type of property is this?
    Triplex - Three-unit building in Norwich, CT, with recent updates and river views.
    Where is this triplex located?
    The property is located at 29 Talman St Norwich, CT.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: - Three-unit building with tenant-paid utilities offers immediate income potential.; - Recent updates in 2023 include interior paint, new appliances, and new flooring, plus new asphalt parking.; - Two parking spots per unit.
    (860) 884-3302
    Request Owner's contact information
    29 Talman 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
    29 Talman St Norwich, CT 06360
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