24-26 Merchants Avenue

Norwich, CT 06380

$589,000
Price
8
Beds
5
Baths
3,768 Sq. Ft.
$156 / Sq. Ft.
3,768
Sq. Ft.
$156
per Sq. Ft.

Description

This five unit multi-family property presents an excellent investment opportunity with a total of eight bedrooms across the units. It is well maintained and updated. Three units have washer and dryer hookups, and the rents are currently below market value. The property has the potential to generate an annual income of $80,000 or more. Additionally, there is a detached garage in the back that provides an opportunity for extra rental income. Private parking spaces in the back of the building as well...This five unit multi-family property presents an excellent investment opportunity with a total of eight bedrooms across the units. It is well maintained and updated. Three units have washer and dryer hookups, and the rents are currently below market value. The property has the potential to generate an annual income of $80,000 or more. Additionally, there is a detached garage in the back that provides an opportunity for extra rental income. Private parking spaces in the back of the building as well as plenty of street parking available. Fully rented, 48 hour notice to view the units.
  1. Listed by Krystal A Davis • RE/MAX ONE
    P: (860)-701-8549 C: (860)-701-8549 caronk77@gmail.com

Property Details for 24-26 Merchants Avenue

Basement Description
Crawl Space
Direct Waterfront
No
Garages Number
2
Neighborhood
Taftville
Style
Units on different Floors, Units are Side-by-Side
Garage Parking Info
Detached Garage
Swimming Pool
No
LISTING UPDATED: 09/12/2024 08:21 PM

Property Details for 24-26 Merchants Avenue

StatusActive
MLS #24046331
Days on Market59
Taxes$6,281 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1880
Lot Size0.86 AC / 37,461 SF
CountyNew London County

Building Information for 24-26 Merchants Avenue

Stories-Residences5Year Built1880Building Size-Lot Size0.86 AC / 37,461 SF

Property Information for 24-26 Merchants Avenue

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Take Harland Rd down to Merchants Ave
  • Elementary School: Per Board of Ed
  • High School: Norwich Free Academy
  • Latitude: 41.568381
  • Longitude: -72.05679
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $6,281
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Baseboard, Gas on Gas, Wall Unit
  • Attic YN: No
  • Fireplaces Total: 0
  • Rooms Total: 18
Property
Property and Assessments
  • Construction Description: Frame, Masonry
  • Exterior Siding: Shingle, Brick, Wood
  • Foundation Type: Concrete
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1880
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: N/A
  • Parcel Number: 2030357
  • Sq Ft Est Heated Above Grade: 3768.0
  • Sq Ft Total: 3768.0
  • Zoning: NC
Utilities
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Electric, Tank Size Unknown
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 5
  • Total Rooms Multi Family: 18
Unit 1
  • Listing Key: 21EE5F97813137B3E0631401100A79D4
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 09-12-2024
  • Unit Monthly Rent: $990
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 2
  • Listing Key: 21EE5F97813137B3E0631401100A79D4
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 09-12-2024
  • Unit Monthly Rent: $1,150
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
Unit 3
  • Listing Key: 21EE5F97813137B3E0631401100A79D4
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 09-12-2024
  • Unit Monthly Rent: $875
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
Unit 4
  • Listing Key: 21EE5F97813137B3E0631401100A79D4
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 09-12-2024
  • Unit Monthly Rent: $650
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
Unit 5
  • Listing Key: 21EE5F97813137B3E0631401100A79D4
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 09-12-2024
  • Unit Monthly Rent: $1,075
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5

Property History for 24-26 Merchants Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 24-26 Merchants Avenue

Taxable ValueLand$34,800Additions$154,100Total$188,900
Tax Record2024$6,281 ($523 / month)
Home Facts
Total Finished SqFt3,768 SqFtAbove Grade Finished SqFt3,768 SqFtUnfinished Basement SqFt644 SqFtStories2Lot Size37,462 SqFtStyleMulti-Family Res (5+ Units)Year Built1880ZoningNCCountyNEW LONDONAPNNORW M:46 B:1 L:35

Schools near 24-26 Merchants Avenue

This home is within Norwich School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - K to 2
Public - K to 5
Rating
School
Distance
Wequonnoc School
PublicK to 5

Kelly Middle School
Public6 to 8

Irs Program At Moriarty
PublicK to 2

Aba Autism Program
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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24-26 Merchants Avenue is a multi-family home for sale in Norwich, CT 06380. This property was listed for sale on September 12, 2024 by RE/MAX ONE, it's currently listed at $589,000. It has been on the market for a total of 59 days and was last sold on December 14, 2001. This listing's school district is Norwich School District. Nearby schools include Wequonnoc School, Kelly Middle School and Irs Program At Moriarty. 24-26 Merchants Avenue is a 8-bed, 5-bath, 3,768 sqft multi-family home built in 1880.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX ONE, Krystal A Davis

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.