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$1,975,000
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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.
Full Property Details
Full Property Details for 15 Platt Ave
General
- Price: $1,975,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Multi-Family
- Source: SMARTMLS
- MLS ID: 24163934
- Updated: 4/1/2026
- Added to Site: 54 day(s) ago
Interior
- Number of Rooms: 15
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Location
- County: New London
- Driving Directions: Call Agent
School Information
- Elementary School: Per Board of Ed
- High School: Per Board of Ed
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Natural Gas
- Heating Fuel: Natural Gas
- Water Heater: 40 Gallon Tank
Utilities
- Sewer: Public Sewer In Street
- Water: Public Water Connected
Structural Information
- Architectural Style: Units on different Floors
- Construction Status: No/Resale
- Exterior Const.: Aluminum
- Basement Desc.: Full
- Roof: Asphalt Shingle
- Square Feet: 2,453
- Above Ground: 2,453 Sq. Ft.
- Year Built: 1890
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.29
- Zoning: MF
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $155,900
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Property ID: 2030001
Listed by VC Property Group, LLC, Anthony Velez
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Schools
Schools serving 15 Platt Ave
School District:Norwich School District
| Name | Grades | Distance |
|---|---|---|
John M. Moriarty School 20 Lawler Lane, Norwich, CT 06360 | K-5 | 2.8 mi |
Kelly Middle School 25 Mahan Drive, Norwich, CT 06360 | 6-8 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 15 Platt Ave
Date
Details
Price
Change
Source
4/01/2026
Listed
$1,975,000
786.64%
MLS
3/23/2023
Sold
$222,750
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 15 Platt Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,309
6%
$155,900
—
2023
$5,955
42%
$155,900
81%
2023
$4,183
—
$86,000
—
2022
$4,169
—
$86,000
—
2021
$4,188
—
$86,100
—
2020
$4,168
1%
$86,000
—
2019
$4,127
7%
$86,000
8%
2018
$3,852
-1%
$79,600
—
2017
$3,880
-1%
$79,600
—
2016
$3,905
2%
$79,600
—
2015
$3,826
5%
$79,600
—
2014
$3,656
-15%
$79,600
-41%
2011
$4,324
—
$134,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 15 Platt Ave
15 Platt Avenue, Norwich, CT 06360 (MLS# 24163934) is a Multi-Family property with 3 units containing 6 bedrooms and 3 full bathrooms. 15 Platt Avenue is currently listed for $1,975,000 and was received on April 01, 2026. Want to learn more about 15 Platt Avenue? Do you have questions about finding other Multi-Family real estate for sale in Norwich? You can browse all Norwich real estate or contact a Coldwell Banker agent to request more information.

