3,308 SF 2 Family

multifamily

3,308 SF 2 Family

364-366 Washington Street
Norwich, Connecticut 06360

Price

$418,000

Price/SF

$126.36/SF

Building Size

3,308 SF

Lot Size

0.26 acres

Year Built

1860

Units

2

Property Description

Rare chance to own a one-of-a-kind, spacious vintage large 2 family home with strong income potential. Featuring of spacious 6 bedrooms and 4 bathrooms, this property offers excellent cash flow for investors and is also ideal for owner-occupants looking to offset costs with rental incomes. Based on official records and historic registries, property is located within a Federally designated historic district in Norwich, CT. Washington St is a major thoroughfare here. Washington Street Historic District - An area documented for containing many of the late 19th-century structures that contribute to the area's historic fabric. The property is recorded as a contributing resource. This means it retains the historic character that makes the area historically significant. In line with the area, the property was built around 1860-predating the official historic district designation. As an owner, you can make renovations and updates, but any project visible from the street (exterior changes, additions, demolition, or major landscaping) will require review and approval from the local historic district department to ensure changes match the historic character. The good news is that being in a historic district often provides eligibility for state or federal tax credits, which can significantly offset the costs of qualified rehabilitation projects. For an investment property, leveraging these credits can enhance your financial returns. Arrange with Listing agent for private vi

Additional Details

Zoning

R-20

MLS Number

24176662

Property ID

341bb2b7-fc40-4374-a8a4-574584f9b241

MLS Information

MLS#: 24176662

Listed by: William Raveis Real Estate

Agent: Ivy Ong • (860) 287-7851 • ivyong.properties@gmail.com

This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.

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