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1-5 Taftville Occum Rd, Norwich, CT 06360

$500,000
: 9
BD
: 4
BA
: 3,798
SqFt

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Sold Price: $500,000
List Price: $495,000
Status: CLOSED
MLS#: 24177295
Closing Date: Jun 24, 2026
Year Built: 1875
Bedrooms: 9
Bathrooms: 4
Acres: 0.15
Living Area: 3,798

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Property Description

Excellent investment opportunity with strong income potential! This 4-unit multifamily property features a desirable unit mix consisting of Two 3-bedroom units, One 2-bedroom unit, and One 1-bedroom unit - offering flexibility for a wide tenant base and long-term rental stability. Three of the four units have been updated with new flooring, modern appliances, fresh paint, updated faucets, sinks, and contemporary light fixtures. The spacious layouts and updated interiors make these units highly attractive to tenants, while the remaining unit provides an opportunity for additional value-add potential and increased cash flow. Whether you're expanding your portfolio or looking for a solid income-producing asset, this property offers a strong combination of unit diversity, recent improvements, and future upside potential.

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Additional Information

Taxes: $5,984
Lot Size: 6,534
Heating: Baseboard
Cooling System Type: None
Water Source: Public
Basement: Partial, Unfinished, Interior Entry, Dirt Floor
Parking Spaces: 6
Elementary School: Per Board of Ed
High School: Per Board of Ed