Norwich Investment Analysis

Investment Property in Norwich, CT

Home Investment Performance Rent Prices Top Properties Top Neighborhoods Insights

Norwich, CT Real Estate Investment Performance

PROPERTY SALE PRICE

$274,850

Median

1,844

Avg/Sq.ft.

CASH ON CASH RETURN

5.00%

Traditional

1.00%

Airbnb

RENTAL INCOME

$ 2,342

Traditional

$ 1,568

Airbnb

RENTAL INCOME

$ 2,342

Traditional

$ 1,568

Airbnb

NUMBER OF PROPERTIES

288

Investment

101

Airbnb

22

Traditional

24%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

147

Number of homes sold

35

Median days on market

100%

Average sale-to-list price ratio

19%

Percentage of listings with price drops

288

Active listings count

210

New listings count

2.4

Months of supply

Norwich, CT Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 1,262	$ 1,600	$ 1,568	$ 2,105
Traditional	$ 1,377	$ 1,662	$ 1,805	$ 1,805

Airbnb

1 ROOM	$ 1,262
2 ROOMS	$ 1,600
3 ROOMS	$ 1,568
4 ROOMS	$ 2,105

Traditional

1 ROOM	$ 1,377
2 ROOMS	$ 1,662
3 ROOMS	$ 1,805
4 ROOMS	$ 1,805

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Investment Properties for Sale in Norwich, CT

$55,000

MLS 24185210

242 Browning Rd, Norwich, CT 06360

Norwich

Other

N/A beds N/A baths N/A sq.ft.

CAP RATE Trad. 12.21% Airbnb 6.03%

Analyze Property

$55,000

MLS 24121011

21 Buckingham Ave, Norwich, CT 06360

Norwich

Other

N/A beds N/A baths N/A sq.ft.

CAP RATE Trad. 11.88% Airbnb 6.03%

Analyze Property

$130,000

MLS 24158253

168 Boswell Ave, Norwich, CT 06360

Norwich

Single Family Residential

3 beds 1 baths 933 sq.ft.

CAP RATE Trad. 9.57% Airbnb 5.30%

Analyze Property

$59,000

MLS 24094771

47 Huntington Ave, Norwich, CT 06360

Norwich

Other

N/A beds N/A baths N/A sq.ft.

CAP RATE Trad. 11.18% Airbnb 5.41%

Analyze Property

$245,000

MLS 24176658

429 E Main St, Norwich, CT 06360

Norwich

Single Family Residential

5 beds 2 baths 1,331 sq.ft.

CAP RATE Trad. 9.49% Airbnb 4.48%

Analyze Property

$255,444

MLS 24194455

361 Central Ave, Norwich, CT 06360

Norwich

Multi Family

8 beds 3 baths 3,047 sq.ft.

CAP RATE Trad. 9.67% Airbnb 4.24%

Analyze Property

$214,925

MLS 24128242

1 George St, Norwich, CT 06360

Norwich

Multi Family

3 beds 2 baths 1,244 sq.ft.

CAP RATE Trad. 7.95% Airbnb 4.22%

Analyze Property

$219,900

MLS 24203252

445 E Main St, Norwich, CT 06360

Norwich

Multi Family

4 beds 2 baths 1,857 sq.ft.

CAP RATE Trad. 11.07% Airbnb 4.05%

Analyze Property

Single Family Houses for Sale in Norwich, CT

$130,000

MLS 24158253

168 Boswell Ave, Norwich, CT 06360

Norwich

Single Family Residential

3 beds 1 baths 933 sq.ft.

CAP RATE Trad. 9.57% Airbnb 5.30%

Analyze Property

$245,000

MLS 24176658

429 E Main St, Norwich, CT 06360

Norwich

Single Family Residential

5 beds 2 baths 1,331 sq.ft.

CAP RATE Trad. 9.49% Airbnb 4.48%

Analyze Property

$229,900

MLS 24207208

437 E Main St, Norwich, CT 06360

Norwich

Single Family Residential

4 beds 2 baths 2,548 sq.ft.

CAP RATE Trad. 11.04% Airbnb 3.74%

Analyze Property

$279,000

MLS 24184959

39 13th St, Norwich, CT 06360

Norwich

Single Family Residential

4 beds 2 baths 1,649 sq.ft.

CAP RATE Trad. 8.81% Airbnb 3.33%

Analyze Property

$249,900

MLS 24184621

9 Hickory St, Norwich, CT 06360

Norwich

Single Family Residential

4 beds 1 baths 1,188 sq.ft.

CAP RATE Trad. 5.96% Airbnb 3.19%

Analyze Property

$90,000

MLS 24195483

28 Nashua St, Norwich, CT 06360

Norwich

Single Family Residential

2 beds 1 baths 924 sq.ft.

CAP RATE Trad. 11.02% Airbnb 2.77%

Analyze Property

$340,000

MLS 24195035

124 Yantic Rd, Norwich, CT 06360

Norwich

Single Family Residential

4 beds 1 baths 1,421 sq.ft.

CAP RATE Trad. 4.48% Airbnb 2.49%

Analyze Property

$200,000

MLS 24149517

40 Beech St, Norwich, CT 06360

Norwich

Single Family Residential

2 beds 1 baths 1,080 sq.ft.

CAP RATE Trad. 4.60% Airbnb 2.49%

Analyze Property

Multi Family Houses for sale in Norwich, CT

$255,444

MLS 24194455

361 Central Ave, Norwich, CT 06360

Norwich

Multi Family

8 beds 3 baths 3,047 sq.ft.

CAP RATE Trad. 9.67% Airbnb 4.24%

Analyze Property

$214,925

MLS 24128242

1 George St, Norwich, CT 06360

Norwich

Multi Family

3 beds 2 baths 1,244 sq.ft.

CAP RATE Trad. 7.95% Airbnb 4.22%

Analyze Property

$219,900

MLS 24203252

445 E Main St, Norwich, CT 06360

Norwich

Multi Family

4 beds 2 baths 1,857 sq.ft.

CAP RATE Trad. 11.07% Airbnb 4.05%

Analyze Property

$249,900

MLS 24187014

617 E Main St, Norwich, CT 06360

Norwich

Multi Family

5 beds 2 baths 2,512 sq.ft.

CAP RATE Trad. 9.00% Airbnb 3.50%

Analyze Property

$340,000

MLS 24192489

64 Twelfth St, Norwich, CT 06360

Norwich

Multi Family

7 beds 2 baths 2,380 sq.ft.

CAP RATE Trad. 6.14% Airbnb 2.35%

Analyze Property

$268,000

MLS 24176649

77 Taftville Occum Rd, Norwich, CT 06360

Norwich

Multi Family

4 beds 2 baths 1,518 sq.ft.

CAP RATE Trad. 9.05% Airbnb 1.97%

Analyze Property

$375,000

MLS 24205109

70-1/2 Hunters Ave, Norwich, CT 06360

Norwich

Multi Family

7 beds 3 baths 2,772 sq.ft.

CAP RATE Trad. 7.90% Airbnb 1.84%

Analyze Property

$290,000

MLS 24205893

36 Reynolds St, Norwich, CT 06360

Norwich

Multi Family

4 beds 2 baths 1,516 sq.ft.

CAP RATE Trad. 7.48% Airbnb 1.61%

Analyze Property

Condos for Sale in Norwich, CT

$120,000

MLS 24203851

56 Sweetbriar St, Norwich, CT 06360

Norwich

Condo/Coop

2 beds 2 baths 840 sq.ft.

CAP RATE Trad. 10.53% Airbnb 1.30%

Analyze Property

$250,000

MLS 24176761

527 W Thames St #6, Norwich, CT 06360

Norwich

Condo/Coop

2 beds 2 baths 1,176 sq.ft.

CAP RATE Trad. 4.90% Airbnb 0.56%

Analyze Property

$239,000

MLS 24185554

41 Palmer St #9, Norwich, CT 06360

Norwich

Condo/Coop

2 beds 2 baths 1,230 sq.ft.

CAP RATE Trad. 5.97% Airbnb 0.30%

Analyze Property

$248,000

MLS 24196304

527 W Thames St #13, Norwich, CT 06360

Norwich

Condo/Coop

2 beds 2 baths 1,176 sq.ft.

CAP RATE Trad. 4.67% Airbnb 0.29%

Analyze Property

$250,000

MLS 24204814

527 W Thames St #61, Norwich, CT 06360

Norwich

Condo/Coop

2 beds 2 baths 1,522 sq.ft.

CAP RATE Trad. 6.04% Airbnb 0.26%

Analyze Property

$250,000

MLS 24194646

527 W Thames St #1, Norwich, CT 06360

Norwich

Condo/Coop

2 beds 2 baths 1,176 sq.ft.

CAP RATE Trad. 4.60% Airbnb 0.26%

Analyze Property

$299,000

MLS 24189839

17 Parkwoods Dr #17, Norwich, CT 06360

Norwich

Condo/Coop

2 beds 2 baths 1,176 sq.ft.

CAP RATE Trad. 3.58% Airbnb 0.08%

Analyze Property

$295,500

MLS 24184844

190 S Thames St #15, Norwich, CT 06360

Norwich

Condo/Coop

2 beds 2 baths 1,266 sq.ft.

CAP RATE Trad. 5.86% Airbnb -0.13

Analyze Property

Top Norwich, CT Neighborhoods - Real Estate Market Analysis

Norwich

45%

45% Mashmeter

PROPERTY PRICE

$185,000

Median for city

CAP RATE

3.53%

Traditional

6.79%

Airbnb

RENTAL INCOME

$ 1,229

Traditional

$ 2,625

Airbnb

48%

Airbnb occupancy rate

Analyze neighborhood

Best Short Term Rental Markets

Find great vacation rentals for sale in the top performing markets

Short Term Rentals For Sale

Airbnb Vacation Rentals in Norwich, CT

$117 per night Airbnb occupancy rate 43%

Tiny house 1 · 0.5 · 2

Water Forest Retreat -Octagon Norwich, Connecticut, United States

Rental Income: $1,541 per month

4.99

961

$133 per night Airbnb occupancy rate 28%

Treehouse 1 · 0.5 · 2

Water Forest Retreat- Tree House Norwich, Connecticut, United States

Rental Income: $1,142 per month

4.99

722

$133 per night Airbnb occupancy rate 28%

Tiny house 1 · 0.5 · 2

Water Forest Retreat-Hikers Haven Norwich, Connecticut, United States

Rental Income: $1,131 per month

4.99

666

$302 per night Airbnb occupancy rate 22%

Entire villa 1 · 1 · 4

Peaceful Spa Escape minutes to Mohegan Sun Casino Norwich, Connecticut, United States

Rental Income: $2,013 per month

4.88

426

$183 per night Airbnb occupancy rate 32%

Apartment 1 · 1 · 4

Dinners on us! Above pub mins to casinos. Unit 2 Norwich, Connecticut, United States

Rental Income: $1,800 per month

4.6

379

$193 per night Airbnb occupancy rate 44%

Condominium 1 · 1 · 4

Top Rated Villa located near Mohegan Sun & Mystic Norwich, Connecticut, United States

Rental Income: $2,606 per month

4.98

359

$125 per night Airbnb occupancy rate 44%

Apartment 3 · 1 · 6

3 bed apartment, 5 mi to Mohegan/10 to Foxwoods Norwich, Connecticut, United States

Rental Income: $1,656 per month

4.84

330

$105 per night Airbnb occupancy rate 19%

Apartment 1 · 1 · 4

Heart of downtown Norwich close to casinos. Unit 4 Norwich, Connecticut, United States

Rental Income: $621 per month

4.7

279

Real Estate Investment Analysis - Other Cities in connecticut

City Name	Property price	Cash on cash return		Rental Income		No. of Properties	Airbnb Occupancy Rate
City Name	Median	traditional	Airbnb	traditional	Airbnb	No. of Properties	Airbnb Occupancy Rate
Norwalk	$699,000	2%	1%	$3,244	$3,703	337	28%
Bristol	$349,900	4%	1%	$2,519	$1,792	264	33%
Lebanon	$562,900	5%	1%	$2,793	$1,394	237	26%
Stratford	$510,000	4%	1%	$3,174	$2,918	155	28%

View all connecticut cities

Your search for investment property begins and ends here

$274,850

Median

1,844

Avg/Sq.ft.

5.00%

Traditional

1.00%

Airbnb

$ 2,342

Traditional

$ 1,568

Airbnb

$ 2,342

Traditional

$ 1,568

Airbnb

288

Investment

101

Airbnb

22

Traditional

24%

Airbnb occupancy rate

147

Number of homes sold

35

Median days on market

100%

Average sale-to-list price ratio

19%

Percentage of listings with price drops

288

Active listings count

210

New listings count

2.4

Months of supply

$185,000

Median for city

3.53%

Traditional

6.79%

Airbnb

$ 1,229

Traditional

$ 2,625

Airbnb

48%

Airbnb occupancy rate

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