NOT LISTED FOR SALE

111 E Main St Norwich, NY 13815

Estimated Value: $134,752 - $223,000

1 Bed
2 Baths
3,189 Sq Ft
$53/Sq Ft Est. Value

Sale Details

Date Sold: March 10, 2025

Last sale price $135,000 $42 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,098 / mo

8 Days on Market

Highlights

  • Wood Flooring
  • Furnished
  • Heating System Uses Steam
  • Corner Lot
  • 1 Car Garage
  • High Speed Internet

About This Home

As of March 2025

Great Business and/or Investment Opportunity with this well-maintained Mixed Use Residential Building. Located in the Heart of the City of Norwich, this building offers two levels of residential and/or business use. The first floor features an established hairstyling operation with three booths in separate rooms for nice privacy, and separate tanning station area. Ample square footage for expansion if so desired. Large waiting area space, kitchen, and full bath round out the first floor. The second floor offers a tastefully updated large one bedroom apartment, currently utilized as a furnished short term rental (furnishings are not included). The basement is clean and dry, and features a new boiler (2 years) and windows(one month). Exterior offers ample parking in the rear and one bay garage, well suited for storage. Property will require flood insurance with a mortgage (Flood Zone AE). Nice Building, Great Location!

Last Agent to Sell the Property

Kevin Walsh

Listing by Keller Williams Upstate NY Properties Brokerage Phone: 607-226-8880 License #10301203604 Listed on: 01/24/2025

Keller Williams Upstate NY Properties

Last Buyer's Agent

Kevin Walsh

Listing by Keller Williams Upstate NY Properties Brokerage Phone: 607-226-8880 License #10301203604 Listed on: 01/24/2025

Keller Williams Upstate NY Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,892

Year Built

  • Built in 1950

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Corner Lot
  • Rectangular Lot

Parking

  • 1 Car Garage
  • Gravel Driveway

Home Design

  • Duplex
  • Mixed Use
  • Block Foundation
  • Stone Foundation
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 3,189 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Washer Hookup

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Utilities

  • Heating System Uses Gas
  • Radiant Heating System
  • Heating System Uses Steam
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes gardener, heat, hot water, snow removal, water
  • Tax Lot 18
  • Assessor Parcel Number 081100-136-500-0002-018-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Gas Meter
  • Operating Expense $13,093
  • Gross Income $27,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,892

Year Built

Built in 1950

Lot Details

8,712 Sq Ft Lot

Parking

1

Listing Details

  • Business Type: Mixed
  • Property Sub Type: Mixed Use
  • Property Type: Residential
  • Rent Includes: Gardener, Heat, Hot Water, Snow Removal, Water
  • Year Built: 1950
  • Attribution Contact: 607-226-8880
  • ResoLaundryFeatures: Washer Hookup
  • Lot Features: Corner Lot, Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street, Main Thoroughfare
  • Directions: From the center of Norwich, follow East Main St to property on the left (#111) - at the corner of East Main St and Adelaide St.
  • Architectural Style: Duplex
  • Flooring: Hardwood, Varies
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.2
  • Waterfront: No
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Block, Stone

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Gravel, Two or More Spaces

Utilities

  • Heating: Gas, Radiant, Steam
  • HeatingYN: Yes
  • Utilities: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Norwich

Lot Info

  • Parcel Number: 081100-136-500-0002-018-000-0000
  • Lot Dimensions: 66X132
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 1
  • Annual Gross Income: 27120.0
  • Annual Operating Expense: 13093.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 3892.0
  • Tax Lot: 18

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2025 03/10/25 Sold $135,000 -3.5% $42 / Sq Ft
02/01/2025 02/01/25 Pending -- -- --
01/24/2025 01/24/25 For Sale $139,900 -- $44 / Sq Ft
Source: Otsego-Delaware Board of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,273 $32,600 $2,500 $30,100
2024 $2,192 $32,600 $2,500 $30,100
2023 $2,083 $32,600 $2,500 $30,100
2022 $1,978 $32,600 $2,500 $30,100
2021 $1,956 $32,600 $2,500 $30,100
2020 $1,885 $32,600 $2,500 $30,100
2019 $1,872 $32,600 $2,500 $30,100
2018 $1,872 $32,600 $2,500 $30,100
2017 $1,661 $32,600 $2,500 $30,100
2016 $1,620 $32,600 $2,500 $30,100
2015 -- $32,600 $2,500 $30,100
2014 -- $32,600 $2,500 $30,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Otsego-Delaware Board of REALTORS®

MLS Number: R1584544

Otsego-Delaware Board of REALTORS®

APN: 084200-148-000-0002-065-220-0000

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