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6-Unit Apartment Building with Garages

41-43-45 South B Street, Norwich, CT 06380

For Sale
$975,000

Residential units are paired with 28 garages, updated interiors, and newer mechanical systems.

Property Size4,476 SF
Price / SF$217.83
Days on Market88

Property Features for 41-43-45 South B Street

General Information

Standard status Active
Size 4,476 SF
Total Parking Spaces 28
Property subtype Multi Family Home
Zoning R20
Occupancy 100%

Additional Details

Multifamily Units 6
Tenant in Place Yes

Amenities

Gutters
Lighting

Building Details

Building Size 4,476 SF
Year Built 1875
Units 6
Listing Agency: William Raveis Real Estate
Listed By: Bj Lee
Source: Annmcbride
Added: Aug 13 Changed: Nov 6 Last Checked: Nov 7 at 2:06PM

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 William Raveis Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 4,476-square-foot apartment property contains 6 units, all currently rented, together with 28 garages. Interior updates include newer boilers, and some units have mini-split systems. The exterior has newer siding; one set of garages received a recent roof replacement.

The property was built in 1875 and is zoned R20.

Key Highlights

  • 6 residential units, all rented
  • 28 garages on the property
  • 4,476 square feet; built in 1875

Property Analytics

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

195
Businesses Nearby

Demographics for 06380, CT

2,892
Population
1,299
Households
2.2
Avg Household Size
37
Median Age
21%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
2,892
Density / Sq Mi
$44,430
Median Household Income
$41,791
Median Earnings
$1,177
Median Rent
$187,000
Median Home Value

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?
Apartment building - Residential units are paired with 28 garages, updated interiors, and newer mechanical systems.
Where is this apartment building located?
The property is located at 41-43-45 South B Street Norwich, CT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 6 residential units, all rented; 28 garages on the property; 4,476 square feet; built in 1875
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