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.
Sold for $300,000
$300,000
2 Valley St, Norwich, CT 06360
5beds
1,626sqft
MultiFamily
Built in 1884
-- sqft lot
$320,200 Zestimate®
$185/sqft
$1,949 Estimated rent
Home value
$320,200
$304,000 - $339,000
$1,949/mo
Zestimate® history
Owner options
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$2,192/mo
Est. payment
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List your homeWhat's special
Large storage shedFire pitBasketball courtPartially finished basementFully fenced in backyardPatio area
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
- View description: None
Lot
- Size: 10,018 Square Feet
Details
- Parcel number: NORWM94B5L35
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1884
Community & HOA
Location
- Region: Norwich
Financial & listing details
- Price per square foot: $185/sqft
- Tax assessed value: $119,000
- Annual tax amount: $4,816
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Sold | $300,000+5.3%$185/sqft |
Source: Public Record Report a problem | ||
| 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
Neighborhood: 06360
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Nearby schools
GreatSchools rating
- 3/10John B. Stanton SchoolGrades: PK-5Distance: 2 mi
- 3/10Teachers' Memorial Middle SchoolGrades: 6-8Distance: 1.7 mi
Sell for more on Zillow
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$320,200
2% more
+$6,404
With Zillow Showcase(estimated)
$326,604
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$320,200
2% more
+$6,404
With Zillow Showcase(estimated)
$326,604
- Connecticut
- New London County
- Norwich
- 06360
- 2 Valley St
