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Four-Unit Residential Income Property
For Sale
Contact for pricing
Pending

45 Union Street, Norwich, CT 06360

Four fully rented units located near Howard T. Brown Park and Marina and within walking distance of bus routes.

Property SizeContact for details
Days on Market141

Property Features for 45 Union Street

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 4
Listing Agency: Berkshire Hathaway HomeServices New England Properties Niantic
Listed By: Edwin Urena · License #CT
Source: Crexi
Added: Apr 11 Changed: Aug 26 Last Checked: Aug 25 at 7:36PM

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 Berkshire Hathaway HomeServices New England Properties Niantic

Investment Insights

Based on property information with market context.

This four-unit residential income property offers a simple, income-focused layout with all units described as fully rented. It is a multi-family structure arranged for separate residential living within the same building.

The property is located in central Norwich, with Howard T. Brown Park and Marina about 0.33 miles away. Public remarks also note it is within walking distance to a bus route, and that it is near casinos and Backus Hospital.

For buyers seeking a turnkey approach to rental income, the listing’s key value proposition is the fully rented status of the four units in an established Norwich setting.

Key Highlights

  • 4‑unit home with fully rented units
  • Located in central Norwich
  • Walking distance to Howard T. Brown Park and Marina (0.33 mile)

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic HVAC Service Carpet & Flooring Store Storage Facility Bakery

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

816
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?
Quadplex - Four fully rented units located near Howard T. Brown Park and Marina and within walking distance of bus routes.
Where is this quadplex located?
The property is located at 45 Union Street Norwich, CT.
What are key features of this property?
This property features: 4‑unit home with fully rented units; Located in central Norwich; Walking distance to Howard T. Brown Park and Marina (0.33 mile)
More about this property
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