$1,975,000

15 Platt Avenue, Norwich, CT 06360

  • 6 beds |
  • 3 baths |
  • 2,453 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon0.29acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $805/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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.

Listing Status:
Active
Date Added:
February 13, 2026
Data Last Updated:
March 29, 2026 at 12:51AM
Listing Office:
VC Property Group, LLC : (860) 300-3102
Listing Agent:
Anthony Velez : (860) 300-3102
MLS ID:
24154214
  • Basement: Full
  • A/C: None
  • Heating: BaseboardNatural Gas
  • Fireplace: Fireplaces: 0
  • Style: Units on different Floors
  • Roofing: Asphalt Shingle
  • County: New London
  • Zoning: MF2030001
  • Water: Public Water Connected
  • Sewer: Public Sewer In Street

This listing courtesy of Anthony Velez , VC Property Group, LLC

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

1.68 miles away

K

Kelly Steam Magnet Middle School

25 Mahan Dr, Norwich, CT, 06360

Grades 6-8

1.07 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.