NOT LISTED FOR SALE
6 Beds
6 Baths
5,206 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: April 26, 2022

Last sale price $350,000 $67 Per Sq Ft

9 Days on Market

Highlights

  • The property is located in a historic district
  • No HOA
  • Baseboard Heating
  • Attic
  • 3 Car Detached Garage
  • Laundry Facilities

About This Home

As of April 2022

Looking for a great multi-family to add to your portfolio? 181 Broadway is a fully rented 6 unit. Located in Norwich's historical district on a corner lot, this property is full of charm. It has an additional 3-car garage structure. It's listed at only $325,000 and its solid rental history ensures cash flow each month. Each unit pays their own heat and hot water. It's connected to city water and sewer. This complex does require some TLC and is being sold AS-IS.

Last Agent to Sell the Property

Michaela Lamb

Sold by Michaela License #REB.0791897 Listed on: 03/07/2022

Co-Listed By

Jacob Lamb

Sold by Michaela License #RES.0812053

Last Buyer's Agent

Jay Kelly

William Raveis Real Estate License #RES.0809553

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,374

Year Built

  • Built in 1865

Lot Details

  • 8,712

Parking

  • 3 Car Detached Garage

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Wood Siding
  • Concrete Siding
  • Masonry

Interior Spaces

  • 5,206 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Attic

  • Pull Down Stairs to Attic
  • Attic or Crawl Hatchway Insulated

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • Fuel Tank Located in Basement

Additional Features

  • 8,712 Sq Ft Lot
  • The property is located in a historic district

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Additional Features

  • Laundry Facilities
  • Gross Income $60,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,374

Year Built

Built in 1865

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 5206
  • Public Record Living Room Sq Ft: 5206
  • Total Sq Ft: 5206
  • Year Built: 1865
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Encumbrances Restrictions: Regulated Historic District
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 7666
  • Directions: GPS friendly.
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Attic Description: Pull-Down Stairs, Access Via Hatch
  • Basement Description: Full With Hatchway
  • Laundry Room Location: potential for common laundry area
  • Laundry Room Info: Common Laundry Area
  • Attic: Yes

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Concrete, Masonry
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Concrete, Masonry

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 3

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.2000
  • Lot Description: Historic District
  • Zoning: MF

Multi Family

  • Gross Annual Income: 60240
  • Unit Count: 6
  • Total Num Of Units: 6

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 7374
  • Mil Rate Base: 42.350
  • Mil Rate Tax District: 6.290
  • Assessor Parcel Number: 2031715

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 1988
Sold by
Bought by

Purchase Details

Closed on
Nov 3, 1987
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$237,500 --
$270,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/26/2022 04/26/22 Sold $350,000 0.0% $67 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
03/13/2022 03/13/22 Off Market $350,000 -- --
03/07/2022 03/07/22 For Sale $325,000 -- $62 / Sq Ft
Source: SmartMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,753 $241,000 $25,800 $215,200
2024 $9,206 $241,000 $25,800 $215,200
2023 $7,374 $151,600 $20,000 $131,600
2022 $7,350 $151,600 $20,000 $131,600
2021 $7,374 $151,600 $20,000 $131,600
2020 $7,348 $151,600 $20,000 $131,600
2019 $7,275 $151,600 $20,000 $131,600
2018 $7,157 $147,900 $23,600 $124,300
2017 $7,209 $147,900 $23,600 $124,300
2016 $7,256 $147,900 $23,600 $124,300
2015 $7,108 $147,900 $23,600 $124,300
2014 $6,793 $147,900 $23,600 $124,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170472031

SmartMLS
Your Personal Tour Guide

Ask me questions while you tour the home.