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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

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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.

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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