$69,900

29 Mitchell Street, Norwich, NY 13815

  • 2 beds |
  • 3 baths |
  • 1,882 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon10,019sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $37/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

CASH INVESTORS — VALUE-ADD 3-UNIT OPPORTUNITY PRICED TO MOVE. 29 Mitchell Street is a true repositioning play in the City of Norwich. Offered at just $69,900, this 1,882 sq ft triplex (studio + two 1BR units) sits on a .23-acre lot and presents significant upside for investors looking to renovate, stabilize, and drive cash flow. Major mechanical already in place with newer boiler (approx. 1 year old). Public water/sewer. Updated porches (new railings and steps). Attached rear shed for additional storage. Property currently vacant with heat and water shut off — clean slate for full value-add execution. Strong rental demand in the area. Post-renovation projected rents estimated at approximately: • Studio: $700–$800/month • 1BR Units: $850–$950/month each Projected gross monthly income: $2,400+ Projected annual gross: $28,000+ At stabilization, this asset has the potential to generate strong cash-on-cash returns at this entry price point. Sold AS-IS. Cash or rehab financing only. Escrow deposit due within 24–48 hours of accepted offer. Bring your contractor, run your numbers, and move quickly — opportunities at this price don’t last.

Listing Status:
Pending
Date Added:
February 23, 2026
Data Last Updated:
April 1, 2026 at 7:16AM
Listing Office:
Assist2Sell Buyers & Sellers 1st Choice : 315-735-9244
Listing Agent:
Michael Arcuri : 315-794-5893
MLS ID:
S1663294
  • Appliances: Electric Water Heater
  • Basement: Dirt FloorFull
  • Flooring: HardwoodVariesVinyl
  • Heating: GasHot Water
  • Fireplace: Fireplaces: 0
  • General: Fence
  • Style: Triplex
  • Other Structures: PorchCovered
  • Parking: Two or More Spaces
  • Roofing: AsphaltShingle
  • General: Aluminum Siding1Stone
  • Road/Access: City Street
  • Originating MLS: NYS_MV
  • School District: Norwich
  • County: Chenango
  • Zoning: 081100-136-410-0001-018-000-0000
  • Fencing: Partial
  • Utilities: Cable AvailableElectricity ConnectedHigh Speed Internet AvailableSewer ConnectedWater ConnectedCircuit Breakers
  • Water: ConnectedPublic
  • Sewer: Connected
  • Source: NYS_MV

This listing courtesy of Michael Arcuri , Assist2Sell Buyers & Sellers 1st Choice

Monthly Payment

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

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Location

Schools Nearby

N

Norwich Middle School

89 Midland Dr, Norwich, NY, 13815

Grades 5-8

0.61 miles away

N

Norwich Middle School

89 Midland Dr, Norwich, NY, 13815

Grades 5-8

0.61 miles away

N

Norwich High School

49 Midland Dr, Norwich, NY, 13815

Grades 9-12

0.63 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.