myConnect
287 Central Avenue, Norwich, CT
Mixed Use • $115 psf
Est. $3,543 /mo
Est. Monthly
$3,543 /mo
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$115 psf
$475,000
VC Property Group
Mixed-use investment opportunity featuring three residential units and two commercial spaces totaling approximately 4,130 square feet. The residential mix includes two one-bedroom units and one two-bedroom unit. Two residential units and one commercial space are currently occupied, while the second commercial space and one residential unit is vacant, offering immediate lease-up and value-add potential. Our underwriting team projects stabilized annual income of $74,700, effective gross income of $73,365 and NOI of approximately $64,027-representing an estimated 13.48% pro forma cap rate at the $475,000 asking price. Built in 1860, the property includes off-street parking, public water and sewer, electric heat and hot water, city trash pickup and tenant-paid utilities. Financial information and projections are avail for review.
Listing last updated on October 20, 2026. Buyers should independently verify all property and financial information. Financial metrics are calculated using industry best practices but rely on listing broker inputs and assumptions. Actual results may vary.
Christian Martinez
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