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Well-Maintained 9-Unit Apartment Building
For Sale
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124 Washington St, Norwich, CT 06360

Nine well-maintained units with off-street parking; five have recently been renovated, and tenants pay most utilities.

Property SizeContact for details
Days on Market119

Property Features for 124 Washington St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 9

Building Details

Tenancy Multi
Listing Agency: EXP Realty
Listed By: Michael Doherty · License #Connecticut RES: 0814339
Source: Crexi
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 22 at 12:14AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty

Investment Insights

Based on property information with market context.

This well-maintained 9-unit apartment building offers a mix of unit conditions, with five units recently renovated. Tenant-paid utilities are in place, with the exception of unit 5 gas.

The property includes plenty of off-street parking, supporting convenient day-to-day access for residents.

As a residential income property, the building’s current configuration provides an immediate, operationally established rental setup with partial recent updates across the tenant base.

Key Highlights

  • Well‑maintained 9‑unit apartment building
  • Five of the nine units have been recently renovated
  • Tenants pay utilities for most units; tenant pays utilities except for unit 5 gas

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Bakery Skin Care Clinic (Bike/Boat/Book/etc) Store HVAC Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

963
Businesses Nearby

Demographics for 06360, CT

37,104
Population
17,739
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
88%
High-School Grad
26.8 sq mi
ZIP Area
1,384
Density / Sq Mi
$65,848
Median Household Income
$42,287
Median Earnings
$1,207
Median Rent
$233,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Nine well-maintained units with off-street parking; five have recently been renovated, and tenants pay most utilities.
Where is this apartment building located?
The property is located at 124 Washington St Norwich, CT.
What are key features of this property?
This property features: Well‑maintained 9‑unit apartment building; Five of the nine units have been recently renovated; Tenants pay utilities for most units; tenant pays utilities except for unit 5 gas
(860) 313-0700 Call to check price and availability
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