Renovated Norwich Multi-Family with
For Sale
$495,000
Pending
142 Broad St, Norwich, CT 06360
Historic, renovated multi-family property with conversion potential in Norwich.
Property Size4,146 SF
Lot Size0.25 Acres
Days on Market158
Property Features for 142 Broad St
General Information
Standard status
Pending
Size
4,146 SF
Lot size
0.25 Acres
Property subtype
Multi Family
Building Details
Building Size
4,146 SF
Year Built
1873
Listing Agency:
Berkshire Hathaway NE Prop.
(401) 480-9515
Listed By:
Tracy E. ODonnell · License #RES.0818096
(401) 480-9515
Source:
Elliman
Added: Mar 24
Changed: Aug 21
Last Checked: Aug 26 at 11:00AM
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 NE Prop.
Investment Insights
Based on property information with market context.
This renovated multi-family property in Norwich presents a unique opportunity with strong income potential. Currently configured as a fully occupied 2-family dwelling with a history of successful rentals, the property has existing zoning approval for conversion to a 3-family configuration, with stamped drawings available. Apartments 1 and 2 each feature 2 bedrooms and abundant natural light from oversized windows, as well as wood-burning fireplaces. Each unit is equipped with individual heating and cooling systems using mini-split/heat pump setups, and in-unit laundry facilities. Constructed in the 1800s, the property has been updated with contemporary finishes while maintaining its Victorian architectural details, including hardwood floors, trim, built-in features, and modern systems. Additional amenities include storage space in the basement and garage, off-street parking, and proximity to downtown Norwich, schools, and other amenities. This property is suitable for investors or owner-occupants seeking rental income. The property includes in-unit laundry, fireplaces, and bright layouts.
Key Highlights
- Zoning approval and stamped drawings in place to convert to a 3‑family, increasing cash flow potential.
- Fully occupied 2‑family with excellent rental history, providing immediate income.
- Individual heating and cooling systems (mini‑split/heat pump) and in‑unit laundry in both apartments, highly desirable for tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Historic, renovated multi-family property with conversion potential in Norwich.
Where is this duplex located?
The property is located at 142 Broad St Norwich, CT.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Zoning approval and stamped drawings in place to convert to a 3‑family, increasing cash flow potential.; Fully occupied 2‑family with excellent rental history, providing immediate income.; Individual heating and cooling systems (mini‑split/heat pump) and in‑unit laundry in both apartments, highly desirable for tenants.
