40-42 Spring Garden Ave, Norwich, CT 06360

$425,000
5
BD
3
BA
2,769
SqFt

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Sold Price
$425,000
List Price
$425,000
Status
CLOSED
MLS#
24123152
Closing Date
Nov 14, 2025
Year Built
1908
Bedrooms
5
Bathrooms
3
Acres
0.14
Living Area
2,769

Property Description

Rare Norwich Investment Opportunity - Fully Rented 3-Family Cash Cow! Professional pictures coming soon! Welcome to 40-42 Spring Garden Ave, the only livable 3-family available in Norwich right now-a true income-producing gem. This property is fully rented and generating strong cash flow, making it an ideal turnkey investment for savvy buyers. Property Highlights: Fully rented - strong, steady income from Day 1 Well-maintained with a newer roof and updated mechanicals 2 units with oil heat (natural gas already in the building for future conversion) Coin-operated laundry in basement for extra income stream Two driveways - rare convenience for tenants and guests Close to casinos, highways (I-395/Route 32), shopping, and downtown Norwich With high rental demand and limited multi-family inventory in Norwich, this property is a prime opportunity for investors looking for solid returns and long-term growth. To see the full potential of this property, including the income/expense spreadsheet and additional financial details, reach out the listing agent today for access to the complete investor folder.

Additional Information

Taxes
$7,301
Lot Size
6,098
Heating
Steam
Cooling System Type
Window/Wall
Water Source
Public
Basement
Full, Unfinished, Sump Pump
Parking Spaces
6
Elementary School
Per Board of Ed
High School
Norwich Free Academy

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Calculator source: Real Geeks

Listing courtesy of Cintia Varela from YellowBrick Real Estate LLC. (914) 433-8864 (203) 445-6949

Selling Office: RE/MAX RISE.