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$425,000

  • Sold
  • Closed
  • Multi-Family
  • 5 Total Beds
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Rare Norwich Investment Opportunity - Fully Rented 3-Family Cash Cow! Professional pictures coming soon! Welcome to 40-42 Spring Garden Ave, the only livable 3-family available in Norwich right now-a true income-producing gem. This property is fully rented and generating strong cash flow, making it an ideal turnkey investment for savvy buyers. Property Highlights: Fully rented - strong, steady income from Day 1 Well-maintained with a newer roof and updated mechanicals 2 units with oil heat (natural gas already in the building for future conversion) Coin-operated laundry in basement for extra income stream Two driveways - rare convenience for tenants and guests Close to casinos, highways (I-395/Route 32), shopping, and downtown Norwich With high rental demand and limited multi-family inventory in Norwich, this property is a prime opportunity for investors looking for solid returns and long-term growth. To see the full potential of this property, including the income/expense spreadsheet and additional financial details, reach out the listing agent today for access to the complete investor folder.

Full Property Details for 40 Spring Garden Ave

General

  • Sold For: $425,000
  • Taxes: (July 2025-June 2026)
  • Status: Closed
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24123152
  • Added to Site: 136 day(s) ago

Interior

  • Number of Rooms: 16

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Basement Hook-Up(s), Coin Op Laundry

Parking

  • Total Spaces: 6
  • Parking: None, Paved, Off Street Parking, Unpaved

Location

  • County: New London
  • Driving Directions: gps friendly

School Information

  • Elementary School: Per Board of Ed
  • High School: Norwich Free Academy

Heating & Cooling

  • Cooling Type: Window Unit
  • Heating Type: Steam, Electric, Oil
  • Heating Fuel: Electric, Oil
  • Water Heater: Domestic

Utilities

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

Structural Information

  • Architectural Style: 3updown - Unit(s) per Floor
  • Construction Status: No/Resale
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Full, Unfinished, Sump Pump
  • Roof: Asphalt Shingle
  • Square Feet: 2,769
  • Above Ground: 2,769 Sq. Ft.
  • Year Built: 1908

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.14
  • Zoning: MF
  • Lot Description: City Views

Financial Considerations

  • Assessment Amount: $180,400
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Property ID: 2031157

Listed by YellowBrick Real Estate LLC, Cintia Varela
Sold by Re/Max Rise, Seth Bronko

Listing agent

— 40 Spring Garden Ave —

  • Cintia Varela

    YellowBrick Real Estate LLC

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 40 Spring Garden Ave

School District:Norwich School District
NameGradesDistance
Uncas Elementary School
280 Elizabeth Street, Norwich, CT 06360
K-50.5 mi
Teachers' Memorial Middle School
15 Teachers Drive, Norwich, CT 06360
6-81.2 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 40 Spring Garden Ave

Date
Details
Price
Change
Source
11/14/2025
Sold
$425,000
—
MLS
9/01/2025
Listed
$425,000
—
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 YellowBrick Real Estate LLC, Cintia Varela
Sold by Re/Max Rise, Seth Bronko

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40 Spring Garden Avenue, Norwich, CT 06360 (MLS# 24123152) is a Multi-Family property that was sold at $425,000 on November 14, 2025. Want to learn more about 40 Spring Garden 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.