Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    252 Prospect St Norwich, CT 06360

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $325,000

    Recently renovated, move-in ready investment property with strong rental potential.

    Lot size:
    0.11 Acres

    Property Features for 252 Prospect St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1849

    Source: eXp Realty Agent Michael P. Doherty

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

    Overview

    Turn-Key Three-Family in Norwich

    This is a fully turn-key three-family property located in Norwich, suitable for either an owner-occupant or an investor seeking a stabilized asset with strong rental potential. All three units have been recently renovated, including new sheetrock, paint, flooring, appliances, and general repairs throughout. Two of the three boilers have been replaced within the last two years, and the third has been serviced along with the hot water heater. Additional upgrades include tree removal, a new back deck on the 252 side, and a new sump pump. The property is move-in ready, with all major systems in working order. Each unit has a separate gas meter (tenant-paid), and there is one electric meter (owner-paid).
    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 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
    -72.05574
    Latitude
    41.537235

    Nearby Similar for Sale

    • $285,000
      1,832 SF

      Two-Family House in Norwich, CT

      Two-family house with updated units, convenient location in Norwich.
      211 Palmer Street Ext, Norwich, CT 06360
      View Details
    • $478,000
      2,430 SF

      Prime Commercial Property in Norwich

      High-traffic commercial and residential income property in Norwich, CT.
      82 Salem Tpke, Norwich, CT 06360
      View Details
    • $325,000
      Pending

      Remodeled Two-Family Home with Rental Potential

      Move-in ready, two-family home in Norwich with strong rental potential.
      51 Division Street Ext, Norwich, CT 06360
      View Details
    • $375,000
      1,317 SF

      Two Units on 1.38 Acres

      Two complete living spaces on a 1.38-acre lot.
      38 White Plains Rd, Norwich, CT 06360
      View Details
    • $240,000
      Pending

      Norwich Triplex with Redevelopment Potential

      Three-unit home in Norwich, offering redevelopment potential and ample parking.
      220 Franklin St, Norwich, CT 06360
      View Details
    • $649,999
      Pending

      Griswold Mixed-Use Property For Sale

      Two-family home and steel building suitable for commercial use.
      730 Plainfield Rd, Griswold, CT 06351
      View Details

    FAQs

    What type of property is this?
    Triplex - Recently renovated, move-in ready investment property with strong rental potential.
    Where is this triplex located?
    The property is located at 252 Prospect St Norwich, CT.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Fully turn-key 3-family property, ideal for owner-occupants or investors.; - Recent renovations in all three units: new sheetrock, paint, flooring, and appliances.; - Two of three boilers replaced within the last two years.
    (860) 941-9996
    Request Owner's contact information
    252 Prospect St Norwich, CT 06360
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    252 Prospect St
    Norwich, CT 06360
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    252 Prospect St Norwich, CT 06360
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.