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Property Description
Motivated Seller!! Offered at $1,975,000 – Bottom Line – this stabilized multifamily portfolio consists of 18 units across 5 buildings, plus a multifamily infill redevelopment opportunity that provides significant upside beyond the current in-place 9% ROI. The portfolio includes: 681 N Main Street (4 units) 20 North A Street (4 units) 37 South B Street (3 units) 102 Boswell Avenue (5 units) 72 North Main Street (2 units) 15 Platt Avenue – Multifamily Redevelopment Opportunity (Former 3-Family) The income-producing assets are approximately 90% of pro forma, offering investors strong day-one cash flow with limited operational lift. Remaining upside is achievable through modest rent optimization and continued professional management. Upon full stabilization, the portfolio is projected to generate an estimated 14% fully burdened ROI, not accounting for the resale or redevelopment of the multifamily lot.
Features
Heating System:
Baseboard
Cooling System:
No
Basement:
Full
Foundation Type:
Masonry
Heat Fuel Type:
Natural Gas
Exterior Siding:
Aluminum
Fireplaces Total:
0
Parking Total Spaces:
0
Hot Water Description:
40 Gallon Tank
Lot Description:
Level Lot
Water Source:
Public Water Connected
Address Map
Street:
Platt
Street Number:
15
Floor Number:
0
Longitude:
W73° 55′ 41.8”
Latitude:
N41° 31′ 57.3”
MLS Addon
Office Name:
VC Property Group, LLC
Agent Name:
Anthony Velez
List Agent MLSID:
846565
List Office MLSID:
13981
Tax Year:
July 2025-June 2026
Directions:
Call Agent
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
HOA Fee Amount:
$0
Parcel Number:
2030001
Property Tax:
$6,309
Zoning:
MF

Multi-family For Sale

15 Platt, Norwich, 06360

6 Bedrooms
3 Bathrooms
2,453 Sqft
$1,975,000
Listing ID #24154214
Basic Details
Property Type :
Multi-family For Sale
Listing Type :
For Sale
Listing ID :
24154214
Price :
$1,975,000
Bedrooms :
6
Baths Total :
3
Bathrooms :
3
Half Bathrooms :
0
Square Footage :
2,453 Sqft
Year Built :
1890
Lot Area :
0.29 Acre
City:
Norwich
Zipcode:
06360
Property Sub Type :
3 Family
Style :
Units on different Floors
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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A full-time agent with RE/MAX for 17 years. Marketing Business Degree WCSU. Volunteer Danbury Hospital. RE/MAX Executive Club. Read More…