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$430,000

  • Sold
  • Closed
  • Multi-Family
  • 6 Total Beds
  • 4 Car Garage
See This Home
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Opportunity knocks! This fully occupied 3-family home on 1.19 acres features a rural feel, thanks to its expansive front yard and buildings set back from the road. Despite its rural ambiance, it offers urban conveniences and presents strong income potential. The 3D tour shows the exterior of the property. Each apartment includes 2 Bedrooms, in-unit laundry hookups, and separate utilities. Two units are located on the ground floor, and all tenants are long-term, with month-to-month agreements. The 2nd-floor tenant is actively planning to purchase, creating the possibility for an owner-occupant Buyer to step in. A detached 4-Car Garage plus a 2-Car Carport adds rental income, and there is abundant off-street parking. Recent updates include a brand-new main house roof and a 5-year-old garage roof. Landlord covers water, sewer, snow removal, and yard maintenance. The current gross monthly income is $3,740, with market rents projected to be higher. The current Cap rate is 5.6%, and it could be increased to 10.0% with modest rental rate increases. A full pro forma is available. This property delivers both stability and growth potential for Investors or flexibility for an Owner-Occupant. Conveniently located in Taftville near Norwich amenities and highways, this opportunity is a rare find. This opportunity is available to Cash Buyers or those using conventional mortgages, as the building won't qualify for FHA or VA financing due to peeling paint.

Full Property Details for 29 Sheas Ln

General

  • Sold For: $430,000
  • Taxes: (July 2025-June 2026)
  • Status: Closed
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24128739
  • Added to Site: 112 day(s) ago

Interior

  • Number of Rooms: 16

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: All Units Have Hook-Ups, Washer/Dryer All Units

Exterior

  • Exterior Features: Porch, Gutters, Lighting

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Total Spaces: 15
  • Parking: Carport, Detached Garage, Off Street Parking, Driveway, Unpaved

Location

  • County: New London
  • Neighborhood: Taftville
  • Driving Directions: GPS Friendly

School Information

  • Elementary School: Wequonnoc
  • High School: Norwich Free Academy

Community

  • Community Name: Taftville

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Air, Hot Water, Electric, Natural Gas
  • Heating Fuel: Electric, Natural Gas
  • Water Heater: Natural Gas, Electric, 40 Gallon Tank

Utilities

  • Sewer: Public Sewer Connected
  • Water: Private Well

Structural Information

  • Architectural Style: Units on different Floors
  • Construction Status: No/Resale
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Partial, Interior Access, Walk-out, Concrete Floor, Partial With Walk-Out
  • Roof: Asphalt Shingle, Other
  • Attic: Yes
  • Square Feet: 3,327
  • Above Ground: 3,327 Sq. Ft.
  • Year Built: 1930

Unit Information

Unit 1

  • Square Feet: 1093
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Square Feet: 1094
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Square Feet: 1140
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 1.19
  • Driveway/Sidewalk: Crushed Stone
  • Zoning: R20/R4
  • Lot Description: Level Lot, Rolling

Green Features

  • Energy Features: Storm Doors, Thermopane Windows

Financial Considerations

  • Assessment Amount: $234,800
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Property ID: 2416889

Listed by Garden Realty, Gregory Hanner
Sold by Mikasa Realty Group, Inc., Miguel Afanador

Listing agent

— 29 Sheas Ln —

  • Gregory Hanner

    Garden Realty

Agent Contact: (860) 608-8659 Office Contact: (860) 608-8659

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 29 Sheas Ln

School District:Norwich School District
NameGradesDistance
Wequonnoc School
155 Providence St., Norwich, CT 06380
PK-50.3 mi
Kelly Middle School
25 Mahan Drive, Norwich, CT 06360
6-81.7 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 29 Sheas Ln

Date
Details
Price
Change
Source
12/31/2025
Sold
$430,000
-4.44%
MLS
9/25/2025
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Garden Realty, Gregory Hanner
Sold by Mikasa Realty Group, Inc., Miguel Afanador

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29 Sheas Lane, Norwich, CT 06380 (MLS# 24128739) is a Multi-Family property that was sold at $430,000 on December 31, 2025. Want to learn more about 29 Sheas Lane? 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.