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Three-Family Income Property
For Sale
$295,000

35 Lake St, Norwich, CT 06360

Three separate 3-bedroom units with individual utilities in a 1910 triplex near downtown.

Property Size2,448 SF
Price / SF$120.51
Days on Market143

Property Features for 35 Lake St

General Information

Standard status Active
Size 2,448 SF
Property subtype Multi-Family

Additional Details

Utilities to Site Yes
Multifamily Units 3

Amenities

green space
playground
basketball court
fields

Building Details

Year Built 1910
Listing Agency: RE/MAX Legends
Listed By: Steph Rush (860) 449-2699 (860) 451-8000 · License #REB.0795065
Source: Fairfieldcountycthomesearch
Added: Jun 2 Changed: Oct 1 Last Checked: Oct 20 at 9:19PM

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 RE/MAX Legends

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Investment Insights

Based on property information with market context.

This three-family income property was built in 1910 and contains three separate residential units. Each unit offers 3 bedrooms and 1 full bath, with separate utilities for each unit, supporting a practical multifamily setup. Public water and public sewer are available, which helps simplify essential service requirements for ownership and day-to-day operations.

The property is located in-town near downtown Norwich, with convenient access to shopping, public transportation, and commuting. The rear of the property borders Franklin Park, providing a nearby outdoor setting that includes green space and recreational amenities.

As an owner-occupied or investment-focused asset, the configuration of three distinct units and separate utilities is designed for straightforward rental management.

Key Highlights

  • 1910 three‑family (triplex) with three separate 3‑bedroom units
  • Each unit has its own utilities for separate metering/usage
  • Public water and public sewer provide utility access for the property

Property Analytics

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Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

836
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three separate 3-bedroom units with individual utilities in a 1910 triplex near downtown.
Where is this triplex located?
The property is located at 35 Lake St Norwich, CT.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1910 three‑family (triplex) with three separate 3‑bedroom units; Each unit has its own utilities for separate metering/usage; Public water and public sewer provide utility access for the property
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