About myConnect

myConnect Listing | Luxury 4-Family Near Downtown
Investor-first listing platform
Off-Market • myConnect 4-Unit Multifamily
Investment Opportunity Connecticut

Luxury 4-Family Near Downtown & Riverfront

Perkins Ave • Norwich, CT Walkable Heritage Trail corridor
$649,000 Proforma 7.1% Cap • As-Is 6.2% Cap
4 Units 7 Beds 4 Baths 4,200 Sq Ft 2 Car Detached Garage
7.1% Proforma Cap
1.35x DSCR (Est)
$4,900 Monthly Cash Flow*
$6,200 Avg. Unit Rent
Run your numbers ➝

Overview

4-Unit Luxury Multifamily

Steps from downtown Norwich and the scenic Heritage Trail, this fully leased 4-family blends classic New England architecture with thoughtful updates that attract high-quality tenants and premium rents. The property sits on a beautifully landscaped corner lot with a two-car detached garage, generous yard space, and sweeping views of the Yantic River.


Inside, each residence offers a unique layout with hardwood floors, original millwork, and modernized kitchens and baths. The main unit features a brand new front porch, multiple fireplaces, solid-wood cabinetry with granite counters, and first-floor laundry. A full walk-up attic offers approximately 700 sq ft of value-add potential for additional bedrooms or a premium loft-style unit.


For investors, this asset checks every box: walkable location, easily demonstrable rent upside, clean mechanicals including a high-efficiency Navien gas boiler, and a mix of existing income plus future upside through strategic renovations.

Walkable Downtown Core River & Trail Views Value-Add Attic Potential Garage + Off-Street Parking Investor-Focused Presentation

Property Details

Interior
  • Hardwood floors throughout
  • Multiple original fireplaces
  • Solid wood cabinets w/ granite tops
  • Original long grain southern pine trim & rosettes
  • Built-ins and detailed millwork
  • First-floor laundry in primary unit
Building & Systems
  • 4-unit multifamily on corner lot
  • Detached 2-car garage + driveway
  • Navien high-efficiency gas boiler
  • Three work benches + utility sink in basement
  • Full walk-up attic ~700 sq ft
  • Landscaped yard with privacy and usable lawn

Units & Rent Roll (Summary)

Detailed rent roll available
Unit 1 • 3 Bed / 1 Bath
Current: $1,850 • Market: $2,050 • Renovated
Washer/Dryer Porch
Unit 2 • 2 Bed / 1 Bath
Current: $1,500 • Market: $1,750 • Long-term tenant
River Glimpse Original Trim
Unit 3 • 1 Bed / 1 Bath
Current: $1,200 • Market: $1,450 • Turnkey
Strong Demand
Unit 4 • Studio / 1 Bath + Attic Potential
Current: $1,050 • Market: $1,350+ • Upside w/ attic buildout
Value-Add Attic Access

*Projections are illustrative only and should be verified by buyer. Full rent roll and T-12 available upon request.

Neighborhood & Access

28 Perkins Avenue is positioned in one of Norwich’s most walkable and architecturally interesting neighborhoods, surrounded by late-19th and early-20th century homes that command pride of ownership. The property benefits from immediate access to the Heritage Trail, downtown dining, retail, and major commuter routes.

Mapbox / Google Maps embed placeholder
Walk Score (Est)
78
Very walkable downtown corridor
Investor Score
A-
Strong cash flow / upside
Transit
5–7 min
To major commuter routes
Schools (Radius)
3
Within 1.5 miles
Vacancy Trend
Low
Stable rental demand
myConnect Insight
Under-rented
Mark-to-market play over 12–24 months