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102-104 Boswell Ave, Norwich, CT 06360

$525,000
: 10
BD
: 5
BA
: 4,885
SqFt

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Sold Price: $525,000
List Price: $525,000
Status: CLOSED
MLS#: 24187715
Closing Date: Jul 30, 2026
Year Built: 1875
Bedrooms: 10
Bathrooms: 5
Acres: 0.18
Living Area: 4,885

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Property Description

Turnkey 5-unit multifamily investment opportunity offering immediate cash flow and long-term appreciation potential. The property is currently generating over $77,000 in annual rental income and supports a projected stabilized NOI exceeding $51,000, equating to an estimated 9.81% cap rate and 15.28% projected return on investment. The building features a desirable unit mix, separately metered electric, public water and sewer, owner paid gas heat, and low-maintenance operations. With approximately 4,885 square feet and a strong rental history, this asset is ideally suited for investors seeking dependable income, attractive investment metrics, and a well-positioned multifamily property in Norwich's established rental market.

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Additional Information

Taxes: $6,441
Lot Size: 7,840
Heating: Steam
Cooling System Type: None
Water Source: Public
Basement: Full
Elementary School: Per Board of Ed
High School: Per Board of Ed