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$ 418,000
Est. payment /mo
New
364-366 Washington Street Norwich, CT 06360
6 Beds
4 Baths
3,308 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,308 sqft
Price per Sqft $126
MLS Listing ID 24176662
Style Units on different Floors
Bedrooms 6
Full Baths 3
Half Baths 1
Year Built 1860
Annual Tax Amount $7,397
Lot Size 0.260 Acres
Property Sub-Type 2 Family
Property Description
This property is currently set up as a spacious single-family home, it comes with a rare and valuable twist - it was originally a legal 2-family and can be effortlessly converted back. This gives you the ultimate flexibility: enjoy it as a massive single-family residence now, or unlock immediate rental income by restoring the second unit. It has a Dual-Purpose Value: Interested purchaser get the best of both worlds - move-in ready single-family living with a clear, low-cost path to becoming a multi-family investor. Instant Equity Potential: Convert back to a 2-family and tap into Norwich's strong rental market (median 3-bed rent: $2,000+/month). Prime Location: Situated on Washington Street with easy access to downtown Norwich, shopping, dining, and major commuter routes. Market Advantage: With only ~30 multi-family properties available city-wide and homes selling in just 36 days, this flexible listing is perfectly timed. Perfect For: First-Time homebuyer who want a large home now - with the option to house-hack later. Investors seeking a value-add property with built-in conversion potential. 1031 Exchange purchaser needing a smart, flexible asset in a growth market. Don't wait. Properties with this kind of optionality are rare. Property is sold as is. Ask listing agent for a private viewing.
Location
State CT
County New London
Zoning R-20
Rooms
Basement Full
Interior
Heating Steam
Cooling None
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Corner Lot, Level Lot
Foundation Concrete, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
Middle Schools Per Board Of Ed
High Schools Norwich Free Academy
Listed by Ivy Ong • William Raveis Real Estate