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Rare Norwich Investment Opportunity - Fully Rented 3-Family Cash Cow! Professional pictures coming soon! Welcome to 40-42 Spring Garden Ave, the only livable 3-family available in Norwich right now-a true income-producing gem. This property is fully rented and generating strong cash flow, making it an ideal turnkey investment for savvy buyers. Property Highlights: Fully rented - strong, steady income from Day 1 Well-maintained with a newer roof and updated mechanicals 2 units with oil heat (natural gas already in the building for future conversion) Coin-operated laundry in basement for extra income stream Two driveways - rare convenience for tenants and guests Close to casinos, highways (I-395/Route 32), shopping, and downtown Norwich With high rental demand and limited multi-family inventory in Norwich, this property is a prime opportunity for investors looking for solid returns and long-term growth. To see the full potential of this property, including the income/expense spreadsheet and additional financial details, reach out the listing agent today for access to the complete investor folder.
| DAYS ON MARKET | 1 | LAST UPDATED | 9/1/2025 |
|---|---|---|---|
| YEAR BUILT | 1908 | COUNTY | New London |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Per Board of Ed |
|---|---|
| High School | Norwich Free Academy |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Full, Sump Pump, Unfinished, Yes |
| CONSTRUCTION | Frame, Vinyl Siding |
| HEAT | Electric, Oil, Steam |
| LOT | 6098 sq ft |
| PARKING | Off Street, None, Paved, Unpaved |
| SEWER | Public Sewer |
| STYLE | 3updown - Unit(s) per Floor |
| TAXES | 7301 |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
| ZONING | MF |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing courtesy of YellowBrick Real Estate LLC
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