16 Elm Street, Norwich, NY 13815

Norwich
Local realty services provided by:HUNT Real Estate ERA
16 Elm Street,Norwich, NY 13815
$925,000
  • 6 Beds
  • 2 Baths
  • 3,200 sq. ft.
  • Multi-family
  • Active
Listed by: kevin d. walsh
Office: keller williams upstate ny properties
MLS#:R1724460
Source:NY_GENRIS

Price summary

  • Price:$925,000
  • Price per sq. ft.:$289.06

About this home

Well established investor portfolio with strong occupancy and income history. This offering includes seven residential properties Norwich, NY with a total of 11 units - four 2-unit multi-families and three single family residences. The portfolio has also maintained very low vacancy and generates $147,600 in annual gross rental income, with net income of $84,300 (total expenses including 15% factor for Maintenance/Reserve/Vacancy). At a projected 9.12% capitalization rate it offers substantial current income along with potential to improve performance through property updates and future rent growth, or disposition of single family homes at a higher value than an investor rate may support. Property conditions are generally average, with some deferred maintenance presenting opportunities for an investor to add value. Each property is located within walking distance of local employers and everyday amenities, supporting continued rental demand. For a buyer seeking to expand an existing...

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Home facts

  • Year built:1890
  • Listing ID #:R1724460
  • Added:1 day(s) ago
  • Updated:October 23, 2026 at 03:18 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Carpet, Hardwood, Laminate, Varies
  • Basement:Yes
  • Basement Description:Full, Partial
  • Living area:3,200 sq. ft.

Heating and cooling

  • Heating:Baseboard, Electric, Forced Air, Gas, Hot Water

Structure and exterior

  • Year built:1890
  • Building area:3,200 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Rectangular, Residential Lot
  • Construction Materials:Vinyl Siding, Wood Siding
  • Levels:2 Stories

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$925,000
  • Price per sq. ft.:$289.06
  • Tax amount:$22,450

Features and amenities

  • Laundry features:Electric Water Heater

Parking

  • Parking description:Common

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