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40 Maple Grove Ave, Norwich, CT 06360

$380,000
: 4
BD
: 4
BA
: 2,543
SqFt

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Sold Price: $380,000
List Price: $375,000
Status: CLOSED
MLS#: 24192083
Closing Date: Sep 03, 2026
Year Built: 1881
Bedrooms: 4
Bathrooms: 4
Acres: 0.20
Living Area: 2,543

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Property Description

11 CAP with 20% ROI. Charming three-family property situated along the scenic Heritage Trail with peaceful views of the Yantic River in Norwich. This unique multifamily asset blends classic New England character with strong owner-occupant or investment potential. Featuring beautiful stone and shingle architecture, the property is surrounded by mature landscaping, a large park-like yard, and a tranquil setting just moments from downtown amenities, parks, and walking trails. The property includes spacious units with abundant natural light, updated mechanicals, a newer roof, on-site laundry, a detached two-car garage, and ample off-street parking. Market rents are supported with many comps at $2,000, $1,600, and $1,500 per month. Additionally, the property features an in-law suite with a separate entrance, creating the potential for a fourth unit. Ideal opportunity for investors or owner-occupants seeking charm, flexibility, and long-term upside in a highly desirable location.

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Additional Information

Taxes: $6,844
Lot Size: 8,712
Heating: Steam
Cooling System Type: None
Water Source: Public
Fireplaces: 1
Basement: Full
Elementary School: Per Board of Ed
High School: Per Board of Ed