15 Platt Avenue, Norwich, CT 06360

Norwich
Local realty services provided by:ERA Key Realty Services
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
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:1 day(s) ago
  • Updated:April 01, 2026 at 08:46 PM

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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