15 Platt Avenue, Norwich, CT 06360 (MLS # 24163934)

Price $1,975,000
Status Active
Beds 6
Baths 3 Baths
Home size 2,453 sqft
Lot Size 12,633 sqft
Days on Market 55
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.
Property Type(s): Multi Family
Last Updated 4/1/2026 Year Built 1890
County New London

SCHOOLS

Elementary School Per Board of Ed
High School Per Board of Ed

Additional Details

AIR None
BASEMENT Full, Yes
CONSTRUCTION Aluminum Siding, Frame
HEAT Baseboard, Natural Gas
LOT 0.29 acre(s)
LOT DESCRIPTION Level
STYLE Units on different Floors
TAXES 6309
WATER Public
ZONING MF

Location

 

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