40 River Avenue, Norwich, CT 06360

• 3 beds |
• 3 baths |
• 2,435 sqft

Property Description

Rare investment opportunity! This Victorian-style property is being sold together with an adjacent vacant residential lot offering beautiful views of the Thames River. The home features two kitchens, oil heat, an updated electrical panel, and a detached two-car garage, providing an excellent foundation for a renovation project. Major improvements have already begun, including roughed-in electrical and a first floor bathroom with new studs and drywall. The second-floor bathroom has been gutted to the studs and is ready for your finishing touches. The property requires a new furnace, cosmetic updates throughout, and completion of the kitchens and bathrooms, making it an ideal project for investors, builders, or owner occupants looking to build equity. Included in the sale is 41 River Ave, a separate 5,227 SF (.12-acre) residential lot with scenic Thames River views. The previous owner envisioned a waterfront-view porch and patio overlooking the river. While the lot will require significant landscaping due to its slope, it offers outstanding potential to create a one-of-a-kind outdoor retreat or future homesite. Don't miss this unique chance to own a renovation project plus an additional buildable lot with water views in one package! Sale dependent upon the contract owner's ability to take title.

Listing Status:

Active

Date Added:

August 4, 2026

Data Last Updated:

August 11, 2026 at 12:50PM

Listing Office:

Derek Greene : (888) 278-5840

Listing Agent:

Derek Greene : (888) 278-5840

MLS ID:

24196250

Interior

• Appliances: Refrigerator
• Basement: Partial
• A/C: None
• Heating: Other
• Fireplace: Fireplaces: 0

Exterior

• Style: Victorian
• Parking: Parking spaces: 2

Construction

• Roofing: Asphalt Shingle

Location

• County: New London

Lot

• Zoning: MF2415992

Utilities

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