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$ 485,000
Est. payment /mo
New
40 Maple Grove Avenue Norwich, CT 06360
4 Beds
4 Baths
2,543 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,543 sqft
Price per Sqft $190
MLS Listing ID 24177076
Style Units on different Floors
Bedrooms 4
Full Baths 4
Year Built 1881
Annual Tax Amount $8,110
Lot Size 8,712 Sqft
Property Sub-Type 3 Family
Property Description
Charming three-family property situated along the scenic Heritage Trail with peaceful views of the Yantic River in Norwich. This unique multifamily asset blends classic New England character with strong owner-occupant or investment potential. Featuring beautiful stone and shingle architecture, the property is surrounded by mature landscaping, a large park-like yard, and a tranquil setting just moments from downtown amenities, parks, and walking trails. The property includes spacious units with abundant natural light, updated mechanicals, a newer roof, on-site laundry, a detached two-car garage, and ample off-street parking. Current market rents are projected at approximately $2,000, $1,600, and $1,500 per month. Additionally, the property features an in-law suite with a separate entrance, creating the potential for a fourth unit configuration with projected market rents of approximately $1,600, $1,600, $1,500, and $1,200 per month. Ideal opportunity for investors or owner-occupants seeking charm, flexibility, and long-term upside in a highly desirable location. Whichever configuration is selected, buyers have the opportunity to acquire one of the highest-yielding multifamily properties on the market as of May 2026. Call today - this opportunity will not last long.
Location
State CT
County New London
Zoning R20
Rooms
Basement Full
Interior
Heating Steam
Cooling None
Fireplaces Number 1
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Foundation Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Anthony Velez • VC Property Group, LLC
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Oriel Hayer
Agent | License ID: RES.0827300