Property profile

88 Taftville Occum Rd Norwich, CT 06360

OFF-MARKET
Residential income homes
Property ID
US15-1260183
3,952 SF 0.33 ac lot Built 1850
Individually Owned 4-yr Hold
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Property summary

AI-generated overview

This fully renovated residential unit is configured as a 3-bedroom rental with a flexible additional room that can function as a 4th bedroom, home office, or extra living space. The unit comprises approximately 1,000 square feet and includes new interior finishes throughout, with in-unit washer/dryer hookups on the main level. The property provides two off-street parking spaces and is located along the Shetucket River, with access nearby for outdoor recreation such as kayaking and fishing. It is situated in the Occum section of Norwich, Connecticut, near Taftville and major routes, and close to Mohegan Park, which offers walking trails and open space. The property is pet-considerate subject to landlord approval.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1850
Total area 3,952 SF
Lot 0.33 ac (14,375 SF)
Zoning code MF
APN NORW M:19 B:2 L:27
UPID US15-1260183

Cap rate & NOI

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

Location

88 Taftville Occum Rd Norwich, CT 06360-1397
Norwich metro Census 696100 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2022
Last sale
$275,000
4 recorded transactions
2022
$275,000
2022
Price N/A
2012
$1
1998
$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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