142 Broad Street
Norwich, Connecticut

Description:

Rare opportunity to own a beautifully renovated historic multi-family in Norwich with strong income potential and modern tenant-pleasing features! Currently a fully occupied 2-family with excellent rental history, this gem has zoning approval already in place to convert to a 3-family, unlocking even greater cash flow. There are existing stamped drawings with the layout ready to build. Apartments 1 and 2 have 2 generous bedrooms, abundant natural light from oversized windows, and cozy wood-burning fireplaces for added warmth and charm. Tenants enjoy year-round comfort with individual heating and cooling systems (mini-split/heat pump setups), plus the huge convenience of in-unit laundry a major draw for today's renters! Built in the 1800s and meticulously updated with contemporary finishes while preserving its Victorian elegance, the home features gleaming hardwood floors, elegant trim, built-ins, and modern systems throughout. Additional perks include ample storage in the basement and garage, off-street parking, and a prime location near downtown Norwich, schools, and amenities. Ideal for investors looking to expand or owner-occupants who want to live in one unit and offset costs with rental income. With in-unit laundry, fireplaces, bright layouts, and conversion potential, this property checks all the boxes for desirability and profitability.

Listing Courtesy of Berkshire Hathaway NE Prop.