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$279,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
See This Home
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Explore this exceptional investment opportunity in Norwich, CT with this versatile mixed-use property. Ideally situated in a busy area, this property offers a unique blend of commercial and residential spaces to suit your investment goals. The main level, presents a rented commercial space to attract customers and thrive as a business spot. There are two 2 BR / 1BA apartments attached and currently occupied by a tenant with a leases in place. This not only provides immediate income but also ensures a seamless transition for the new owner. Seeking a property with residential and commercial income, this opportunity offers the best of both worlds.

Full Property Details for 197 Central Ave

General

  • Price: $279,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24128600
  • Updated: 11/26/2025
  • Added to Site: 115 day(s) ago

Interior

  • Number of Rooms: 8

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Washer/Dryer Some Units

Exterior

  • Exterior Features: Balcony, Sidewalk, Porch, Deck, Lighting
  • Color: White

Parking

  • Total Spaces: 2
  • Parking: None, Parking Lot, On Street Parking, Off Street Parking

Location

  • County: New London
  • Neighborhood: Greenville
  • Driving Directions: Per GPS

School Information

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Community

  • Community Name: Greenville

Heating & Cooling

  • Cooling Type: Window Unit
  • Heating Type: Baseboard, Electric, Natural Gas
  • Heating Fuel: Electric, Natural Gas
  • Water Heater: Other

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected

Structural Information

  • Architectural Style: Units on different Floors
  • Construction Status: No/Resale
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Full, Full With Hatchway
  • Roof: Asphalt Shingle
  • Square Feet: 2,014
  • Above Ground: 2,014 Sq. Ft.
  • Year Built: 1830

Unit Information

Unit 1

  • Square Feet: 800
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Square Feet: 800
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Square Feet: 400
  • Total Bathrooms: 1
  • Partial Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.05
  • Zoning: MF
  • Lot Description: Level Lot

Financial Considerations

  • Assessment Amount: $68,700
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Property ID: 2414932

Listed by Compass Connecticut, LLC, WIEHN POLLARD TEAM AT COMPASS, Jason Pollard

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Listing agent

— 197 Central Ave —

  • Jason Pollard

    Compass Connecticut, LLC

Agent Contact: (860) 287-1976 Office Contact: (860) 572-9099

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 197 Central Ave

School District:Norwich School District
NameGradesDistance
John B. Stanton School
386 New London Turnpike, Norwich, CT 06360
PK-52.4 mi
Teachers' Memorial Middle School
15 Teachers Drive, Norwich, CT 06360
6-82.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 197 Central Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/17/2025
Price Reduced
$279,000
-6.69%
MLS
10/07/2025
Price Reduced
$299,000
-6.27%
MLS
9/23/2025
Listed
$319,000
—
MLS
Get Price Alerts and Save Property
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 for 197 Central Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,780
6%
$68,700
—
2023
$2,624
-14%
$68,700
9%
2023
$3,069
—
$63,100
—
2022
$3,059
—
$63,100
—
2021
$3,069
—
$63,100
—
2020
$3,058
1%
$63,100
—
2019
$3,028
42%
$63,100
43%
2018
$2,134
-1%
$44,100
—
2017
$2,149
-1%
$44,100
—
2016
$2,164
2%
$44,100
—
2015
$2,119
5%
$44,100
—
2014
$2,026
5%
$44,100
-26%
2011
$1,936
—
$60,000
—
View All
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 for 197 Central Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Compass Connecticut, LLC, WIEHN POLLARD TEAM AT COMPASS, Jason Pollard

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197 Central Avenue, Norwich, CT 06360 (MLS# 24128600) is a Multi-Family property with 3 units containing 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 197 Central Avenue is currently listed for $279,000 and was received on September 23, 2025. Want to learn more about 197 Central 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.

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