Property profile

60-62 Pearl St Norwich, CT 06360

OFF-MARKET
Residential income homes
Property ID
US15-0379612
5,158 SF 0.54 ac lot Built 1917
Entity Owned 2-yr Hold Absentee Owner
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1917
Total area 5,158 SF
Lot 0.54 ac (23,522 SF)
Zoning code MF
APN NORW M:101 B:3 L:50
UPID US15-0379612

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

60-62 Pearl St Norwich, CT 06360
Norwich metro Census 696701 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2023
Last sale
$340,000
5 recorded transactions
2023
Price N/A
2023
$340,000
2005
Price N/A
2002
$137,000
1997
$55,000

Zoning & alternative use

MF · Norwich, CT
Zoning description

Multifamily Districts MF Chapter 1: Introduction 2 City of Norwich Zoning Regulations Commercial Districts Business Park District BP Chelsea Central District CC General Commercial District GC Industrial Production, Manuf…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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