Unlock the potential of this dated four-family property, perfectly positioned in a rapidly growing town. Situated near thriving casinos and an exciting new development, this property has immense value-add potential. The building features four separate units with flexible layouts, providing various bedroom and bathroom options to suit different tenant needs. Although in need of updates, the property presents a blank canvas for modern renovations that can significantly boost rental income and property value. With a solid structure and prime location, it promises strong tenant demand because of its proximity to entertainment, dining, and new development amenities. Investors can take advantage of the high demand area, increasing rental opportunities from the influx of visitors and workers from nearby attractions. This is a rare opportunity to enhance the property's value and capitalize on the flourishing local economy and future appreciation. Parking lot found in rear of the building for tenants.
Sold for $350,000 on 04/04/25
$350,000
366 West Thames Street, Norwich, CT 06360
6beds
2,770sqft
Multi Family
Built in 1890
-- sqft lot
$355,800 Zestimate®
$126/sqft
$2,090 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 04, 2025 at 08:38am
Listed by:
Carol M. Horsford,
Farnam Realty Group,
Craig Delgado-Alonzo,
Farnam Realty Group
Bought with:
Dale J. Bunn, RES.0788367
Riverview Realty, LLC
Source: Smart MLS,MLS#: 24068721

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Forced Air, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater, Water Heater
- Laundry: In Basement, Common Area
Features
- Basement: Partial,Partially Finished
- Attic: Crawl Space,Access Via Hatch
- Has fireplace: No
Interior area
- Total structure area: 2,770
- Total interior livable area: 2,770 sqft
- Finished area above ground: 2,770
Property
Parking
- Total spaces: 5
- Parking features: None, Parking Lot, Off Street
Features
- Has view: Yes
- View description: City
Lot
- Size: 10,018 sqft
Details
- Parcel number: 2030915
- Zoning: GC
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors,Units are Side-by-Side
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Norwich
- Subdivision: Laurel Hill
Services availability

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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$355,800
2% more+ $7,116
With Zillow Showcase(estimated)
$362,916