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Property view

37-39 South B Street, 
Norwich, CT 06380

$320,000


6

Beds


3

Baths


2,318

Sq Ft


Multi-Family

Pending

Listed by

Anthony Velez, (860) 300-3102

Vc Property Group, LLC., (860) 300-3102

(860) 300-3102

Last updated:

March 30, 2026, 03:44 PM

MLS#

24161969

Source:

CT

About This Home

37-39 South B Street

PHOTOS COMING SOON!! VC Property Group is proud to present a high-performing 3-family asset at 37-39 South B Street in Norwich, CT, offering immediate cash flow with clear upside through light value-add execution. This property is situated on an oversized 0.44-acre lot and is currently occupied across two units, with one 1-bedroom unit requiring approximately $15,000 in renovations to achieve full market rental potential. The asset benefits from off-street parking and a tenant-paid utility structure, helping minimize operating expenses and maximize investor returns. Once stabilized, the property supports a projected $54,000 annual gross income, driving strong returns relative to basis. At the current pricing, the deal presents an exceptionally attractive yield profile, with proforma metrics reaching approximately a 13.4% CAP rate and 31% ROI, positioning this as a rare opportunity for both new and experienced investors seeking strong cash-on-cash performance. The two occupied units provide in-place income stability, while the vacant unit creates a straightforward path to value creation through renovation and lease-up. Additionally, nearby comparable sales-such as a recent transaction just two blocks away at $375K-support both pricing and long-term appreciation potential. This is a plug-and-play cash flow asset with built-in equity creation, ideal for investors looking to step into a high-return deal with minimal execution risk. Seller financing is not being

Home Facts

Multi-Family

3 Baths

6 Bedrooms

Built in 1875

Price Summary

320,000

$138 per Sq. Ft.

MLS #:

24161969

Last Updated:

March 30, 2026, 03:44 PM

Added:

7 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,318 Sq. Ft.


Structure

Structure

Architectural Style:

Units are Side-by-Side

Building Area:

2,318 Sq. Ft.

Year Built:

1875


Lot

Lot Size (Sq. Ft):

19,166


Finances & Disclosures

Finances

Price:

$320,000

Price per Sq. Ft:

$138 per Sq. Ft.

Source:CT
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.