NOMADEReal Estate

$1,975,000

Active

15 Platt Avenue

Norwich, Connecticut, 06360 · New London County

6

Beds

3

Baths

2,453

Sq Ft

1890

Built

MLS # 24163934

Price / Sq Ft

$805

Property Type

Multi-Family For Sale

Lot Size

0.29

Class

Property

About This Property

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 Details

15 Platt Avenue, Norwich Connecticut 06360 — Multi-Family For Sale listed at $1,975,000.

At a Glance

6

Bedrooms

3

Bathrooms

2,453

Sq Ft

0.29

Lot Size

--

Garage

1890

Year Built

The Details

Property TypeMulti-Family For Sale
NeighborhoodNew London
Address15 Platt Avenue
MLS Number24163934
Year Built1890
Square Footage2,453
Lot Size0.29
Bedrooms6
Bathrooms3
Water SourcePublic Water Connected

Property Details

Financial

Assessed Value155900
Mil Rate Total40.47
Property Tax6309
Tax YearJuly 2025-June 2026

Property Features

Basement DescriptionFull
Cooling SystemNone
Exterior SidingAluminum
Foundation TypeMasonry
Heat Fuel TypeNatural Gas
Heat TypeBaseboard
Hot Water Description40 Gallon Tank
Roof InformationAsphalt Shingle

Location & Community

DirectionsCall Agent
Elementary SchoolPer Board of Ed
High SchoolPer Board of Ed
NeighborhoodN/A

All Photos (34)

Affordability Calculator

$1,975,000

Down Payment$395,000
Loan Amount$1,580,000
Principal & Interest$9,987/mo
Property Tax$1,975/mo
Insurance$100/mo
Est. Monthly$12,062/mo

Listing Agent

A

Anthony Velez

VC Property Group, LLC

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Quick Facts

StatusActive
TypeMulti-Family For Sale
ClassProperty
MLS #24163934
Last Updated2026-04-20