Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

936 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

38 Cliff St - Immediate Cash Flow: 7 Units 7 Unit Apartment Building Offered at $949,000 at a 8.22% Cap Rate Norwich, CT 06360

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Instant Scale, Immediate Cash Flow: 7 Units in Opportunity Zone
Convenient, high-demand rental pocket with low vacancy history

A 7-unit property of this size rarely hits the market at this price point.
Solid Masonry & Brick Exterior with Classic Architectural Character

Financial Summary (Actual - 2025) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Net Operating Income	-	-

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	$949,000	Lot Size	0.09 AC
Price Per Unit	$135,571	Building Size	5,050 SF
Sale Type	Investment	No. Stories	3
Cap Rate	8.22%	Year Built/Renovated	1860/1987
No. Units	7	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Multifamily Multifamily Apartments
Zoning	MF - MF zoning stands for Multifamily District. It is designed to allow for residential buildings with multiple housing units.

Price	$949,000
Price Per Unit	$135,571
Sale Type	Investment
Cap Rate	8.22%
No. Units	7
Property Type	Multifamily Multifamily Apartments
Lot Size	0.09 AC
Building Size	5,050 SF
No. Stories	3
Year Built/Renovated	1860/1987
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MF - MF zoning stands for Multifamily District. It is designed to allow for residential buildings with multiple housing units.

1 1

Fairly walkable

40/100

Very drivable

80/100

Limited public transit

30/100

Somewhat bikeable

30/100

Source: Local Logic^®

(857) 540-1594

Contact

Chris Randall
Mott & Chace Sotheby's Intl.

Listing ID: 41814113
Date on Market: 8/20/2026
Last Updated:
Address: 38 Cliff St, Norwich, CT 06360

1 of 11

Videos

Matterport 3D Exterior

Matterport 3D Tour

Photos

Street View Street

Map

38 Cliff St, Norwich, CT for sale Primary Photo- Image 1 of 11 — PXL_20260814_151517367

38 Cliff St, Norwich, CT for sale Building Photo- Image 2 of 11 — PXL_20260814_145438248

38 Cliff St, Norwich, CT for sale Building Photo- Image 3 of 11 — PXL_20260814_151735012

38 Cliff St, Norwich, CT for sale Building Photo- Image 4 of 11 — PXL_20260814_151716353

38 Cliff St, Norwich, CT for sale Building Photo- Image 5 of 11 — PXL_20260814_151702364

38 Cliff St, Norwich, CT for sale Building Photo- Image 6 of 11 — PXL_20260814_151643562

38 Cliff St, Norwich, CT for sale Building Photo- Image 7 of 11 — PXL_20260814_151609155

38 Cliff St, Norwich, CT for sale Building Photo- Image 8 of 11 — PXL_20260814_151548595

38 Cliff St, Norwich, CT for sale Building Photo- Image 9 of 11 — PXL_20260814_151545434

38 Cliff St, Norwich, CT for sale Building Photo- Image 10 of 11 — PXL_20260814_151536479

1 of 1

Contact the Sale Advisor

38 Cliff St - Immediate Cash Flow: 7 Units

Have an account? Log In

What's your inquiry about?*

Select at least one option

Preferred Date*

Preferred date is required

First Name*

First name is required

Last Name*

Last name is required

Email*

Email address is required

Valid email address is required This email address is already in use. Please Login or try a different email address.

Phone*

Valid phone number is required

Ext (optional)

Company (optional)

Please enter a company.

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hmm, there seems to have been an error sending your message. Please refresh the page and try again.

Share This Listing

Still interested?