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Cliff Street Portfolio 4 Multifamily Properties Offered at $2,500,000 in Norwich, CT
INVESTMENT HIGHLIGHTS
- 19 Units
- Monthly rent roll exceeding $28,500 and near 100% occupancy
EXECUTIVE SUMMARY
This exclusive opportunity consists of four well-maintained multifamily assets totaling 19 units located within minutes of each other. The portfolio offers investors immediate scale, strong in-place income, and continued upside through incremental rent growth and light value-add enhancements. The portfolio includes 124 Washington Street (9 units), 39 Cliff Street (4 units), 45 Cliff Street (4 units), and 51 Cliff Street (3 units), combining for a current monthly rent roll exceeding $28,500 and near 100% occupancy. The assets have benefited from consistent capital investment and active management, resulting in updated mechanical systems, renovated interiors, and reliable income performance.
Each building offers its own blend of stability and upside. Most units feature tenant-paid utilities, while recent upgrades — including new combi boilers, electrical updates, interior renovations, and exterior improvements — reduce future capital expenditure exposure. Select rents remain below market average, providing clear opportunity for incremental growth through natural turnover and lease renewals.
Each building offers its own blend of stability and upside. Most units feature tenant-paid utilities, while recent upgrades — including new combi boilers, electrical updates, interior renovations, and exterior improvements — reduce future capital expenditure exposure. Select rents remain below market average, providing clear opportunity for incremental growth through natural turnover and lease renewals.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,500,000 | Number of Properties | 4 |
| Price / SF | $152.55 / SF | Individually For Sale | 1 |
| Sale Type | Investment | Total Building Size | 16,388 SF |
| Status | Active | Total Land Area | 1.04 AC |
| Price | $2,500,000 |
| Price / SF | $152.55 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 1 |
| Total Building Size | 16,388 SF |
| Total Land Area | 1.04 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 124 Washington St, Norwich, CT 06360 | Multifamily | 5,940 SF | 1880 | $925,000 |
| 39-41 Cliff st, Norwich, CT 06360 | Multifamily | 4,026 SF | 1875 | - |
| 45 Cliff St, Norwich, CT 06360 | Multifamily | 3,253 SF | 1880 | - |
| 53 Cliff St, Norwich, CT 06360 | Multifamily | 3,169 SF | 1875 | - |
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