Great investment opportunity. This 2 family home also has a partially finished basement that is currently being rented out, creating strong monthly cash flow potential. I’m only selling because I’m leaving the country.
Current rental income: Basement unit: $1,000/month with utilities included. Second floor 2 bedroom: $1,200/month with separate utilities.
I was considering renting out the 3 bedroom apartment for $1,800/month, which would bring total monthly rental income to approximately $4,000 per month.
The property is in decent condition and has had major updates already completed. The entire sewer line was replaced 2 years ago. Basement stays dry with no water issues. Which is hard to find in the Norwich area.
Outside features include a fully fenced in backyard with a fire pit, patio area, basketball court, and a large storage shed.
Perfect for an investor looking for cash flow or for an owner occupant who wants tenants helping cover the mortgage while living for free.
Home could use a little tlc being sold as is. More photos will be added soon.
Pending
$285,000
2 Valley St, Norwich, CT 06360
5beds
1,626sqft
MultiFamily
Built in 1884
-- sqft lot
$-- Zestimate®
$175/sqft
$-- HOA
What's special
Large storage shedFire pitBasketball courtPartially finished basementFully fenced in backyardPatio area
What the owner loves about this home
Large femced in back yard.
- 38 days |
- 139 |
- 4 |
Listed by:
Property Owner (860) 961-9981
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air, Other, Gas, Wood / Pellet
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Freezer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Linoleum / Vinyl
- Basement: Partially finished
- Has fireplace: No
Interior area
- Total interior livable area: 1,626 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off-street
Features
- Exterior features: Other, Metal
- Has view: Yes
- View description: None
Lot
- Size: 10,018 Square Feet
Details
- Parcel number: NORWM94B5L35
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1884
Community & HOA
Location
- Region: Norwich
Financial & listing details
- Price per square foot: $175/sqft
- Tax assessed value: $119,000
- Annual tax amount: $4,816
- Date on market: 5/20/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,695/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Pending sale | $285,000$175/sqft |
Source: Owner Report a problem | ||
| 5/20/2026 | Listed for sale | $285,000+100.7%$175/sqft |
Source: Owner Report a problem | ||
| 1/7/2009 | Sold | $142,000$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,816 +5.9% | $119,000 |
| 2024 | $4,546 +21.2% | $119,000 +53.7% |
| 2023 | $3,750 -0.1% | $77,400 |
| 2022 | $3,752 -0.3% | $77,400 |
| 2021 | $3,765 +0.3% | $77,400 |
| 2020 | $3,752 +1% | $77,400 |
| 2019 | $3,714 +2.7% | $77,400 +3.6% |
| 2018 | $3,615 -0.7% | $74,700 |
| 2017 | $3,641 +1.4% | $74,700 |
| 2015 | $3,590 +4.6% | $74,700 |
| 2014 | $3,431 -17.6% | $74,700 -42.1% |
| 2013 | $4,163 +3.8% | $129,000 |
| 2012 | $4,012 +7.9% | $129,000 |
| 2011 | $3,719 +2.9% | $129,000 |
| 2010 | $3,615 +3.4% | $129,000 |
| 2009 | $3,497 +40.4% | $129,000 +53.6% |
| 2008 | $2,491 -11% | $84,000 |
| 2007 | $2,799 +4.1% | $84,000 |
| 2006 | $2,690 +4.1% | $84,000 |
| 2005 | $2,583 +29.1% | $84,000 +76.8% |
| 2003 | $2,000 +23.1% | $47,500 |
| 2001 | $1,625 | $47,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 06360
Getting around
31 / 100
Some TransitNearby schools
GreatSchools rating
- 3/10John B. Stanton SchoolGrades: PK-5Distance: 2 mi
- 3/10Teachers' Memorial Middle SchoolGrades: 6-8Distance: 1.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Connecticut
- New London County
- Norwich
- 06360
- 2 Valley St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Norwich Topics
