15 Platt Avenue, Norwich, CT 06360
Local realty services provided by:ERA Blanchard & Rossetto, Inc.
15 Platt Avenue,Norwich, CT 06360
$1,975,000
- 6 Beds
- 3 Baths
- 2,453 sq. ft.
- Multi-family
- Active
Listed by: anthony velez(860) 300-3102
Office: vc property group, llc(860) 300-3102
MLS#:24163934
Source:CT
Price summary
- Price:$1,975,000
- Price per sq. ft.:$805.14
About this home
Motivated Seller!! Offered at $1,975,000 - Bottom Line - this stabilized multifamily portfolio consists of 18 units across 5 buildings, plus a multifamily infill redevelopment opportunity that provides significant upside beyond the current in-place 9% ROI. The portfolio includes: 681 N Main Street (4 units) 20 North A Street (4 units) 37 South B Street (3 units) 102 Boswell Avenue (5 units) 72 North Main Street (2 units) 15 Platt Avenue - Multifamily Redevelopment Opportunity (Former 3-Family) The income-producing assets are approximately 90% of pro forma, offering investors strong day-one cash flow with limited operational lift. Remaining upside is achievable through modest rent optimization and continued professional management. Upon full stabilization, the portfolio is projected to generate an estimated 14% fully burdened ROI, not accounting for the resale or redevelopment of the multifamily lot.
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Home facts
- Year built:1890
- Listing ID #:24163934
- Added:44 day(s) ago
- Updated:May 16, 2026 at 11:27 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:15
- Basement Description:Full Basement
- Living area:2,453 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1890
- Building area:2,453 sq. ft.
- Lot area:0.29 Acres
- Lot Features:Level Lot
- Construction Materials:Aluminium
Schools
- High school:Per Board of Ed
- Elementary school:Per Board of Ed
Utilities
- Water:Public Water Connected
Finances and disclosures
- Price:$1,975,000
- Price per sq. ft.:$805.14
- Tax amount:$6,309 (July 2025-June 2026)
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