Norwich Triplex: Value-Add
29 Mitchell Street, Norwich, NY 13815
- Added:
- Feb 23, 2026
- Days on Market:
- 80
- Last Refresh:
- May 14 at 10:06 am
Property Features for 29 Mitchell Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
- Patio and Porch features
- Porch
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- ElectricWaterHeater
- Standard status
- Pending
- APN
- 081100-136-410-0001-018-000-0000
- Size
- 1,882 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2834
Utilities
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Hardwood, Vinyl, Varies
- Building materials
- AluminumSiding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Michael Arcuri License #10401372386 (315) 794-5893
Listing office Assist2Sell Buyers & Sellers 1st Choice 2704 Genesee St, Utica, NY (315) 735-9244
Listing date Feb 23, 2026
MLS# S1663294
Listing URL
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Significant value‑add opportunity: Triplex offered at a low price of $69,900.
- Strong cash flow potential: Projected gross annual income of $28,000+ after renovation and stabilization.
- Newer boiler: Major mechanical already updated with a relatively new boiler (approx. 1 year old).
- Updated porches with new railings and steps.
- Large .23‑acre lot, offering outdoor space.
- Strong rental demand: Located in an area with high rental demand.
Overview
Located in the city of Norwich, this 1,882 square foot triplex at 29 Mitchell Street presents a value-add opportunity for cash investors. The property, situated on a 0.23-acre lot, contains a studio apartment and two one-bedroom units. The building features updated porches with new railings and steps, as well as an attached rear shed for additional storage. A newer boiler, approximately one year old, is already in place. The property is connected to public water and sewer. Currently vacant with heat and water shut off, the triplex offers a clean slate for renovation. Strong rental demand exists in the area. Post-renovation, projected rents are estimated at $700-$800 per month for the studio and $850-$950 per month for each one-bedroom unit, potentially generating a gross monthly income of $2,400 or more, and an annual gross of $28,000 or more. At stabilization, this asset has the potential to generate strong cash-on-cash returns.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Norwich
- County
- Chenango
- State
- New York
- Longitude
- -75.520669
- Latitude
- 42.534653
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit property in Norwich, NY, ideal for cash investors.
Where is this triplex located?
The property is located at 29 Mitchell Street Norwich, NY.
What is the asking price?
The asking price for this property is $69,900.
What are key features of this property?
This property features: Significant value‑add opportunity: Triplex offered at a low price of $69,900.; Strong cash flow potential: Projected gross annual income of $28,000+ after renovation and stabilization.; Newer boiler: Major mechanical already updated with a relatively new boiler (approx. 1 year old).
