$2,295,000

15 Platt Ave Norwich, CT 06360

$10,000
Closing credit¹
10 beds
5 full
2,453 sqft
0.3 acres
$936 / sqft
Multi-Family

Property details

About 15 Platt Ave

This is a fully stabilized 21 unit portfolio with an in-place ROI of 13%. Portfolio is rented at 86% of full market rates, so though it is rented strongly, it does have a 14% upside. At full market rates, this turn key portfolio yields an impressive 21% ROI and $120k Net Cash Flow after all expenses and debt service. The portfolio consists of (2) four families, (1) 5 unit multifamily, (2) three families and (1) two family property. The properties feature tenant paid utilities and a mix of on and off street parking.

Highlights

Home typeMulti Family
HeatingBaseboard
StatusActive
Size2,453 sqft
BasementYes
Lot size0.29 Acres
Year built1890
MLS #24093110

Summary

  • Full Bathrooms: 5
  • Basement: Yes
  • Total Bedroom Count: 10
  • Attached Garage: No
  • Private Pool: No
  • Parking: None
  • Heating: Baseboard
  • Cooling: None
  • List Price: $2,295,000
  • Price/SqFt: $935
  • Annual Tax Amount: $5,955
  • Tax Year: 2024
  • Lot: Level
  • Directions: Call Agent
  • Year Built: 1890
  • Living Area: 2,453 SqFt
  • Lot Size: 0.29 Acres
  • MLS Number: 24093110
  • Office Name: VC Property Group, LLC
  • Office Phone: (860) 519-3800
  • Office Email: anthony.velez@vcpropertygrp.com
  • Listing Agent: Anthony Velez

IDXCopyright © 2025 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2025, 5:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

a file

$2,295,000

15 Platt Ave

$10,000

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Mar 28, 2023
Home Sold
$222,750
Sep 14, 2021
Home Sold
$90,000
Jun 07, 1996
Home Sold
$30,000

Tax history

YearAssessmentProperty Tax
2024$155,900$5,955
2023$86,000$4,183
2022$86,000$4,169
2021$86,100$4,188
2020$86,000$4,168
2019$86,000$4,127

History based on county public records data.

Nearby schools

4

John B. Stanton School

Public District KG-5

1.7 mi

386 New London Tpke

4

Uncas Elementary School

Public District KG-5

1.9 mi

280 Elizabeth Street Ext

3

Samuel Huntington School

Public District KG-5

1.9 mi

80 W Town St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $74,836. The most common annual income of people living in Norwich, CT is between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

26%
<35k
40%
35k-100k
29%
100k-200k
5%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

51%
Single, No Kids
15%
Single, with Kids
21%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
8%
12-17 yrs old
20%
18-34 yrs old
45%
35-64 yrs old
13%
65+ yrs old

What do the neighbors do for fun?

  • SoccerSoccer
  • College BasketballCollege Basketball
  • Horse RacesHorse Races

Where do the neighbors shop?

  • Forever 21Forever 21
  • DillardsDillards
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • Logan's RoadhouseLogan's Roadhouse
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • MazdaMazda
  • HyundaiHyundai
  • BuickBuick

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • RockRock
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 15 Platt Ave in Norwich, CT and zip code 06360. This 2,453 square foot home, which was built in 1890, sits on a 0.29 acre lot. Features: 10 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 3, 2025 and is currently priced at $2,295,000.

In April 2025, from all listings sold in Norwich, CT there were more than 23 sold above asking price, over 11 sold below and more than 7 were sold right at the asked price. Between March and April 2025, Norwich, CT real estate market has seen decrease in the number of listings by 0.6%.

From Rocket Homes Real Estate and based on county public records data.

More resources