Turnkey Furnished Income
For Sale
$449,900
63-65 Silver St, Norwich, NY 13815
Two adjacent, fully furnished residential properties configured for both short-term and extended-stay stays.
Property Size5,486 SF
Days on Market53
Property Features for 63-65 Silver St
General Information
Standard status
Active
Size
5,486 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,454
Building Details
Building Size
5,486 SF
Year Built
1885
Stories
2
Units
5
Listing Agency:
(607) 222-2647
Listed By:
Michelle Collins
(607) 222-2647
Source:
Elliman
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 10 at 8:34AM
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 Michelle Collins
Investment Insights
Based on property information with market context.
This turnkey offering includes two fully furnished adjacent residential properties with five total units, designed to support both short-term vacation rentals and extended-stay housing. The configuration allows the properties to be used together for group or corporate placements while also enabling separation between short- and long-term guest stays. The asset has been fully renovated and is presented ready for operation without the typical start-up burden.
Renovations reported include a new roof, interior framing and sheetrock, new windows, insulation, kitchen and bath installations, new flooring and carpeting, electrical panel and wiring upgrades, plumbing and sewer pipe work, heating and on-demand water heaters, along with exterior improvements including fencing and a blacktop driveway. The exterior facelift was completed through the City of Norwich’s Home Beautification/Curb Appeal Program.
Located near Norwich’s updated Museum District, with proximity to the hospital and downtown Norwich, the property is positioned for a mix of guest and corporate needs tied to regional institutions and employers. The mix is supported by the current hospitality setup described in the offering, including both Airbnb/VRBO-style stays during seasonal periods and extended-stay stays for traveling professionals and medical or project-based needs in the area.
Renovations reported include a new roof, interior framing and sheetrock, new windows, insulation, kitchen and bath installations, new flooring and carpeting, electrical panel and wiring upgrades, plumbing and sewer pipe work, heating and on-demand water heaters, along with exterior improvements including fencing and a blacktop driveway. The exterior facelift was completed through the City of Norwich’s Home Beautification/Curb Appeal Program.
Located near Norwich’s updated Museum District, with proximity to the hospital and downtown Norwich, the property is positioned for a mix of guest and corporate needs tied to regional institutions and employers. The mix is supported by the current hospitality setup described in the offering, including both Airbnb/VRBO-style stays during seasonal periods and extended-stay stays for traveling professionals and medical or project-based needs in the area.
Key Highlights
- Two adjacent fully furnished residential properties configured for both short‑term and extended‑stay use, totaling 5 units.
- Extensive renovations totaling $300K+, including new roof at 63 Silver St and updated kitchens and baths.
- New systems and infrastructure include electric panels and wiring, plumbing and sewer pipe, and on‑demand water heaters.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Explore this area
Business Placement
Demographics for 13815, NY
13,063
Population
6,445
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
90%
High-School Grad
108.2 sq mi
ZIP Area
121
Density / Sq Mi
$59,757
Median Household Income
$39,776
Median Earnings
$835
Median Rent
$127,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two adjacent, fully furnished residential properties configured for both short-term and extended-stay stays.
Where is this short term rental property located?
The property is located at 63-65 Silver St Norwich, NY.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two adjacent fully furnished residential properties configured for both short‑term and extended‑stay use, totaling 5 units.; Extensive renovations totaling $300K+, including new roof at 63 Silver St and updated kitchens and baths.; New systems and infrastructure include electric panels and wiring, plumbing and sewer pipe, and on‑demand water heaters.
