3-Unit Multifamily
New
For Sale
$369,000
2 Peggy Lane, Norwich, CT 06360
Multi-Family For Sale, Units on different Floors,3sides - Units Are Side-by-Side, Norwich, CT
Property Size2,440 SF
Lot Size0.15 Acres
Price / SF$151.23
Days on Market5
Property Features for 2 Peggy Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 3
Parking
4
Exterior features
Sidewalk,Gutters,Lighting
Lot features
Level Lot, Sloping Lot
Elementary school
Per Board of Ed
High school
Norwich Free Academy
Directions
per GPS
Standard status
Active
Size
2,440 SF
Lot size
0.15 Acres
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
5119
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1959
Architectural style
Other
Listing Agency:
Compass Connecticut, LLC · Real Living
(860) 572-9099
Listed By:
Jason Pollard · License #RES.0819432
(860) 887-1122
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 31 at 3:06AM
MLS# 24217199
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-family property contains 2,440 square feet on a 0.15-acre lot and dates to 1959. Two units are vacant; one has been renovated, while the other is ready for updates. A 2026 renovation of Unit 1 added a kitchen and appliances, new flooring, and fresh paint.
Capital work includes a roof replacement in 2024, conversion to natural gas with a new boiler and water heater, and a 400-amp electrical service with separate meters. Other improvements include window replacements, exterior repairs and repainting, new gutters with guards, and sewer-line maintenance. The property also has off-street parking and an extra-deep garage with a loft. Nearby destinations include Backus Hospital, Norwich Free Academy, local parkland, and area casinos.
Capital work includes a roof replacement in 2024, conversion to natural gas with a new boiler and water heater, and a 400-amp electrical service with separate meters. Other improvements include window replacements, exterior repairs and repainting, new gutters with guards, and sewer-line maintenance. The property also has off-street parking and an extra-deep garage with a loft. Nearby destinations include Backus Hospital, Norwich Free Academy, local parkland, and area casinos.
Key Highlights
- Three‑family property with 2,440 square feet on a 0.15‑acre lot
- Two vacant units; one renovated and one ready for updates
- Unit 1 renovation in 2026 included a kitchen, appliances, flooring, and paint
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two vacant units provide flexibility, with one recently renovated and the other awaiting updates.
Where is this triplex located?
The property is located at 2 Peggy Lane Norwich, CT.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Three‑family property with 2,440 square feet on a 0.15‑acre lot; Two vacant units; one renovated and one ready for updates; Unit 1 renovation in 2026 included a kitchen, appliances, flooring, and paint
