197 Central Ave Norwich, CT 06360
Central Norwich NeighborhoodEstimated payment $1,813/month
Total Views
30,872
5
Beds
2.5
Baths
2,014
Sq Ft
$148
Price per Sq Ft
Highlights
- Deck
- Balcony
- Public Transportation
- Property is near public transit
- 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.
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
- 5 Bedrooms
Parking
- 2 Parking Spaces
- Parking Deck
Outdoor Features
- Balcony
- Deck
- Exterior Lighting
- Porch
Location
- Property is near public transit
- Property is near a 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 |
|---|---|---|---|---|
| 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
Jason Pollard is a Stonington, Connecticut native and has lived along the coast his whole life. He began serving surrounding communities, as well as his own, at 16 years old as a volunteer firefighter and EMT. This led to his career path, as he has been a professional firefighter for the past 20 years. He is also a husband and father; his son is just starting high school and his daughter is in college. They have lived in Old Mystic, Connecticut for 22 years. He serves on the Mystic Little
Jason's Other Listings
Source: SmartMLS
MLS Number: 24128600
APN: NORW-000094-000002-000053
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