15 Platt Ave Norwich, CT 06360
Central Norwich NeighborhoodEstimated payment $10,700/month
Total Views
6,690
6
Beds
3
Baths
2,453
Sq Ft
$805
Price per Sq Ft
About This Home
Motivated Seller!! Offered at $1,975,000 - Bottom Line - this stabilized multifamily portfolio consists of 18 units across 5 buildings, plus a multifamily infill redevelopment opportunity that provides significant upside beyond the current in-place 9% ROI. The portfolio includes: 681 N Main Street (4 units) 20 North A Street (4 units) 37 South B Street (3 units) 102 Boswell Avenue (5 units) 72 North Main Street (2 units) 15 Platt Avenue - Multifamily Redevelopment Opportunity (Former 3-Family) The income-producing assets are approximately 90% of pro forma, offering investors strong day-one cash flow with limited operational lift. Remaining upside is achievable through modest rent optimization and continued professional management. Upon full stabilization, the portfolio is projected to generate an estimated 14% fully burdened ROI, not accounting for the resale or redevelopment of the multifamily lot.
Listing Agent
VC Property Group, LLC Brokerage Phone: (860) 300-3102 License #REB.0795536 Listed on: 02/13/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,309
Year Built
- Built in 1890
Lot Details
- 0.29 Acre Lot
- Level Lot
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Aluminum Siding
- Masonry
Interior Spaces
- 2,453 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Utilities
- Baseboard Heating
- Heating System Uses Natural Gas
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 2030001
Map
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Home Values in the Area
Average Home Value in this Area
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 | $6,309 | $155,900 | $35,800 | $120,100 |
| 2024 | $5,955 | $155,900 | $35,800 | $120,100 |
| 2023 | $4,183 | $86,000 | $25,300 | $60,700 |
| 2022 | $4,169 | $86,000 | $25,300 | $60,700 |
| 2021 | $4,188 | $86,100 | $25,400 | $60,700 |
| 2020 | $4,168 | $86,000 | $25,300 | $60,700 |
| 2019 | $4,127 | $86,000 | $25,300 | $60,700 |
| 2018 | $3,852 | $79,600 | $29,800 | $49,800 |
| 2017 | $3,880 | $79,600 | $29,800 | $49,800 |
| 2016 | $3,905 | $79,600 | $29,800 | $49,800 |
| 2015 | $3,826 | $79,600 | $29,800 | $49,800 |
| 2014 | $3,656 | $79,600 | $29,800 | $49,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/13/2026 02/13/26 | For Sale | $1,975,000 | -- | $805 / Sq Ft |
Source: SmartMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $222,750 | None Available | |
| Warranty Deed | $222,750 | None Available | |
| Warranty Deed | $90,000 | None Available | |
| Warranty Deed | $90,000 | None Available | |
| Warranty Deed | $30,000 | -- | |
| Warranty Deed | $30,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $1,169,000 | Purchase Money Mortgage | |
| Previous Owner | $144,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $98,000 | No Value Available | |
| Previous Owner | $70,000 | No Value Available |
Source: Public Records
About the Listing Agent
Anthony's Other Listings
Source: SmartMLS
MLS Number: 24154214
APN: NORW-000093-000005-000067
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