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37-39 South B Street, Norwich, CT 06380

Multi-Family For Sale · 3 Family

$320,000
$138/sqft
37-39 South B Street, Norwich, CT Active
6
Bedrooms
3
Bathrooms
2,318
Sq Ft
0.44
Acres
1875
Year Built

About This Home

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

Listed by Anthony Velez (860) 300-3102 with VC Property Group, LLC (860) 300-3102

Listing Snapshot

Price $320,000 Days on Market 0 days
Property Tax $5,030/yr Style Units are Side-by-Side
Year Built 1875 Total Sq Ft 2,318
Lot Size 0.44 acres HOA Fees N/A
Bedrooms 6 Full Bathrooms 3
Total Rooms 12 Half Baths 0

Structure & Parking

Construction Frame
Roof Asphalt Shingle

Systems & Utilities

Heat Hot Water
Fuel Electric
Cooling None
Hot Water Upright Tank
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Per Board of Ed
High Per Board of Ed

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $419/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Mar 24, 2026 Listed $320,000

Frequently Asked Questions

How much does 37-39 South B Street in Norwich, CT cost?
This property is listed at $320,000, which works out to $138 per square foot.
How many bedrooms does 37-39 South B Street have?
This home has 6 bedrooms and 3 bathrooms.
What is the square footage of 37-39 South B Street?
The home is 2,318 square feet, situated on 0.44 acres.
When was 37-39 South B Street in Norwich built?
This property was built in 1875.
Is 37-39 South B Street, Norwich, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 37-39 South B Street, Norwich in?
This home is served by the Norwich public school system, with Per Board of Ed as the elementary school and Per Board of Ed as the high school.
How do I schedule a tour of 37-39 South B Street, Norwich, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Anthony Velez · (860) 300-3102

VC Property Group, LLC · (860) 300-3102

MLS# 24161969 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Mar 24, 2026 6:20 PM UTC