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Sold for $340,000
  • $340,000

    49 Merchants Avenue, Norwich, CT 06380

    8beds
    1,590sqft
    Multi Family
    Built in 1926
    -- sqft lot
    $439,300 Zestimate®
    $214/sqft
    $1,671 Estimated rent

    Home value

    $439,300

    $404,000 - $474,000

    $1,671/mo

    Zestimate® history
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    What's special

    Separate porchesPlenty of storage optionsFamily roomEat-in style kitchenUpdated wiringNew roofNew cabinets
    $$ EXCELLENT Investment opportunity $$ This charming home is an upper and lower style duplex with spacious living areas. Each unit has 4 large bedrooms, a Family Room, a living room, Eat-In style Kitchen, and separate porches. Bottom unit porch is enclosed. Property has PLENTY of off street parking. Each unit has basement W/D hookups along with plenty of storage options. LOTS of extra $$ income potential here! $$ ESPECIALLY with the 2 garages. A separate 2-Bay, and a separate 6-Bay Garage sits on the property border!! Property has many new updates, including new cabinets and flooring on one level, and updated wiring on the other level, 100 amp electrical service; new roof and also brand new boiler system that was just recently installed as well. Location is close to I 395 corridors, and all local shopping amenities and nearby to public schools. There is a local basketball court and park just a 5min walk down the street. You do not want to miss out on this unique rental opportunity and at this valued price, you should definitely come on out and look.

    Zillow last checked:

    Listing updated:

    Listed by:

    Heather M. Perry 860-576-5564,

    Asset Real Estate 860-443-4663

    Bought with:

    Rose Maguire, RES.0424650

    Coldwell Banker Realty

    Source: Smart MLS,MLS#: 24117080MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard, Natural Gas, Oil
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Included: Water Heater
    • Laundry: In Basement
    Features
    • Basement: Full,Shared Basement,Storage Space,Interior Entry,Walk-Out Access,Concrete
    • Attic: Storage,Walk-up
    Interior area
    • Total structure area: 1,590
    • Total interior livable area: 1,590 sqft
    • Finished area above ground: 1,590

    Property

    Parking
    • Total spaces: 8
    • Parking features: Detached
    • Garage spaces: 8
    Features
    • Patio & porch: Enclosed, Porch
    Lot
    • Size: 0.7 Acres
    • Features: Level
    Details
    • Parcel number: 2413331
    • Zoning: R-20

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors
    • Property subtype: Multi Family
    Materials
    • Other
    • Foundation: Concrete Perimeter, Masonry
    • Roof: Asphalt,Gable
    Condition
    • New construction: No
    • Year built: 1926

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Basketball Court, Park
    • Subdivision: Taftville
    HOA
    • Has HOA: No
    Location
    • Region: Taftville

    Financial & listing details

    • Price per square foot: $214/sqft
    • Tax assessed value: $178,700
    • Annual tax amount: $6,221
    • Date on market: 8/6/2025

    Price history

    DateEventPrice
    9/24/2025Sold$340,000+4.6%$214/sqft
    Source: Smart MLS #24117080 Report a problem
    8/13/2025Pending sale$325,000$204/sqft
    Source: Smart MLS #24117080 Report a problem
    8/6/2025Listed for sale$325,000$204/sqft
    Source: Smart MLS #24117080 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,221 +4.7%$178,700
    2024$5,942 +26.7%$178,700 +60.1%
    2023$4,691 -0.3%$111,600
    2022$4,707 -0.4%$111,600
    2021$4,726 -0.1%$111,600
    2020$4,730 +4.3%$111,600
    2019$4,535 +9.6%$111,600 +11.8%
    2018$4,138 +1.9%$99,800
    2017$4,059 -2.5%$99,800
    2016$4,161 $99,800
    Find assessor info on the county website

    Neighborhood: 06380

    Nearby schools

    GreatSchools rating
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    $439,300
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    With Zillow Showcase(estimated)
    $448,086