$550,000

142 Broad Street, Norwich, CT 06360

  • 5 beds |
  • 4 baths |
  • 4,146 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1873
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $133/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

Rare opportunity to own a beautifully renovated historic multi-family in Norwich with strong income potential and modern tenant-pleasing features! Currently a fully occupied 2-family with excellent rental history, this gem has zoning approval already in place to convert to a 3-family, unlocking even greater cash flow. There are existing stamped drawings with the layout ready to build. Apartments 1 and 2 have 2 generous bedrooms, abundant natural light from oversized windows, and cozy wood-burning fireplaces for added warmth and charm. Tenants enjoy year-round comfort with individual heating and cooling systems (mini-split/heat pump setups), plus the huge convenience of in-unit laundry a major draw for today's renters! Built in the 1800s and meticulously updated with contemporary finishes while preserving its Victorian elegance, the home features gleaming hardwood floors, elegant trim, built-ins, and modern systems throughout. Additional perks include ample storage in the basement and garage, off-street parking, and a prime location near downtown Norwich, schools, and amenities. Ideal for investors looking to expand or owner-occupants who want to live in one unit and offset costs with rental income. With in-unit laundry, fireplaces, bright layouts, and conversion potential, this property checks all the boxes for desirability and profitability.

Listing Status:
Active
Date Added:
March 16, 2026
Data Last Updated:
March 28, 2026 at 8:50PM
Listing Office:
Berkshire Hathaway NE Prop. : (860) 536-4906
Listing Agent:
Tracy ODonnell : (401) 480-9515
MLS ID:
24158084
  • Laundry: All Units Have Hook-Ups
  • Basement: FullUnfinished
  • A/C: Ceiling FansDuctlessHeat Pump
  • Heating: SteamElectricGas In Street
  • Fireplace: Fireplaces: 3
  • General: PorchDeck
  • Style: Units on different Floors
  • Parking: Parking spaces: 2
  • Roofing: Asphalt Shingle
  • County: New London
  • Driveway: PrivatePaved
  • Zoning: MF2032469
  • Water: Public Water Connected
  • Sewer: Public Sewer Connected

This listing courtesy of Tracy ODonnell , Berkshire Hathaway NE Prop.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

John B. Stanton School

386 New London Tpke, Norwich, CT, 06360

Grades KG-5

1.62 miles away

K

Kelly Steam Magnet Middle School

25 Mahan Dr, Norwich, CT, 06360

Grades 6-8

0.94 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.