197 Central Ave Norwich, CT 06360
Central Norwich NeighborhoodEstimated payment $1,690/month
Total Views
127,598
4
Beds
2.5
Baths
2,014
Sq Ft
$139
Price per Sq Ft
Highlights
- Deck
- Balcony
- Public Transportation
- Property is near public transit and bus stop
- Porch
- Baseboard Heating
About This Home
Explore this exceptional investment opportunity in Norwich, CT with this versatile mixed-use property. Ideally situated in a busy area, this property offers a unique blend of commercial and residential spaces to suit your investment goals. The main level, presents a rented commercial space to attract customers and thrive as a business spot. There are two 2 BR / 1BA apartments attached and currently occupied by a tenant with a leases in place. This not only provides immediate income but also ensures a seamless transition for the new owner. Seeking a property with residential and commercial income, this opportunity offers the best of both worlds.
Listing Agent
Compass Connecticut, LLC Brokerage Phone: (860) 287-1976 License #RES.0819432 Listed on: 09/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,780
Year Built
- Built in 1830
Lot Details
- 2,178 Sq Ft Lot
- Level Lot
Home Design
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 2,014 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
Parking
- 2 Parking Spaces
- Parking Deck
Outdoor Features
- Balcony
- Deck
- Exterior Lighting
- Porch
Location
- Property is near public transit and bus stop
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Heating System Uses Natural Gas
Community Details
- 3 Units
- Public Transportation
- Gross Income $39,840
Listing and Financial Details
- Assessor Parcel Number 2414932
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 | $2,780 | $68,700 | $15,100 | $53,600 |
| 2024 | $2,624 | $68,700 | $15,100 | $53,600 |
| 2023 | $3,069 | $63,100 | $14,400 | $48,700 |
| 2022 | $3,059 | $63,100 | $14,400 | $48,700 |
| 2021 | $3,069 | $63,100 | $14,400 | $48,700 |
| 2020 | $3,058 | $63,100 | $14,400 | $48,700 |
| 2019 | $3,028 | $63,100 | $14,400 | $48,700 |
| 2018 | $2,134 | $44,100 | $13,000 | $31,100 |
| 2017 | $2,149 | $44,100 | $13,000 | $31,100 |
| 2016 | $2,164 | $44,100 | $13,000 | $31,100 |
| 2015 | $2,119 | $44,100 | $13,000 | $31,100 |
| 2014 | $2,026 | $44,100 | $13,000 | $31,100 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/16/2025 12/16/25 | For Rent | $1,225 | 0.0% | -- |
| 11/17/2025 11/17/25 | Price Changed | $279,000 | -6.7% | $139 / Sq Ft |
| 10/07/2025 10/07/25 | Price Changed | $299,000 | -6.3% | $148 / Sq Ft |
| 09/23/2025 09/23/25 | For Sale | $319,000 | 0.0% | $158 / Sq Ft |
| 08/01/2025 08/01/25 | Rented | $1,400 | 0.0% | -- |
| 07/28/2025 07/28/25 | Under Contract | -- | -- | -- |
| 07/16/2025 07/16/25 | For Rent | $1,400 | -- | -- |
Source: SmartMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $152,500 | -- | |
| Warranty Deed | $152,500 | -- | |
| Warranty Deed | $152,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $175,000 | New Conventional | |
| Closed | $175,000 | New Conventional | |
| Previous Owner | $50,000 | New Conventional |
Source: Public Records
About the Listing Agent
Meet Jason Pollard, a lifelong resident of Connecticut and a seasoned real estate professional with 13 years of experience as an investor and property manager. His passion for real estate extends beyond transactions; he takes pride in helping investors, new home buyers, and clients with property upgrades and downsizing, as well as effectively marketing properties for top dollar. With a deep understanding of the local market, Jason has earned the esteemed title of 2022 COMPASS Rising Star,
Jason's Other Listings
Source: SmartMLS
MLS Number: 24128600
APN: NORW-000094-000002-000053
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