7 days on market
Under Contract
More about this Property

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366 West Thames Street, Norwich CT 06360

Current Price: $299,000

6 beds 4 baths 2770 sq. ft

Last Update: 2/5/2025

Property Type: Multi-Family For Sale

Public Remarks

Unlock the potential of this dated four-family property, perfectly positioned in a rapidly growing town. Situated near thriving casinos and an exciting new development, this property has immense value-add potential. The building features four separate units with flexible layouts, providing various bedroom and bathroom options to suit different tenant needs. Although in need of updates, the property presents a blank canvas for modern renovations that can significantly boost rental income and property value. With a solid structure and prime location, it promises strong tenant demand because of its proximity to entertainment, dining, and new development amenities. Investors can take advantage of the high demand area, increasing rental opportunities from the influx of visitors and workers from nearby attractions. This is a rare opportunity to enhance the propertys value and capitalize on the flourishing local economy and future appreciation. Parking lot found in rear of the building for tenants.

Map to Property at 366 West Thames Street, Norwich CT 06360


GPS - 366 West Thames

Residential Property Information for 366 West Thames Street, Norwich CT 06360

MLS #: 24068721

Style: Units on different Floors,Units are Side-by-Side

Color:

Total Rooms:

Bedrooms: 6

Bathrooms: 4

Acres: 0.23

Year Built: 1890 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $7,767

Zoning: GC

Mil Rate:

Assessed Value: $233,600 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 2770; below grade sq feet total is ; total sq ft is 2770

Features
Laundry Location & Info: Basement Hook-Up(s),Common Laundry Area 
Fireplaces: 0
Attic: Crawl Space,Access Via Hatch
Basement Desc.: Partial,Partially Finished
Exterior Siding: Vinyl Siding
Foundation: Stone
Roof: Asphalt Shingle
Garage/Parking Type: None,Parking Lot,Off Street Parking
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: City Views
Occupied: Owner
Utility Information

Hot Water System Electric,50 Gallon Tank,40 Gallon Tank

Heat Type: Baseboard,Hot Air

Fueled By: Natural Gas.

Cooling: Window Unit

Fuel Tank Location:

Water Service: Public Water Connected,Public Water In Street

Sewage System: Public Sewer Connected,Public Sewer In Street

School Information

Elementary: John B. Stanton

Intermediate:

Middle:

High School: Norwich Free Academy

Marketing History

Current List Price: $299,000

Original List Price: $299,000

DOM: 7

Listing Date: 1/14/2025

Last Updated: 1/28/2025 7:30:52 PM

Expected Active Date: 1/21/2025

Listing Agent and Broker

List Agent Name: Carol Horsford

List Office Name: Farnam Realty Group