Price cut
$319,900
5 bd · 1.5 ba · 2,606 sqft · 4,792 sqft lot
232 Franklin St, Norwich, CT 06360
Multi-family · Built 1900 · $123/sqft ·
$2,082/mo est. payment
- Garage
- 3 cars
About this home
Versatile mixed-use opportunity with extensive recent upgrades. This property has undergone significant improvements, including brand new kitchens, updated bathrooms and showers, new flooring throughout each unit, and new appliances. Major mechanicals have been addressed with a brand new furnace backed by a 10-year warranty, along with a recently replaced gas meter and new gas line. Exterior updates include siding approximately 3 years old, recently paved driveway (2 years), and new roofing on the garage, shed, and rear portion of the home. Additional features include durable metal garage doors, a detached 3-car garage, and a private backyard offering functional outdoor space. The front portion of the commercial space was updated within the past year, enhancing usability for business or mixed-use potential. Property is zoned General Commercial with potential for mixed-use conversion (buyer to perform due diligence), and will be delivered compliant with a first-floor commercial unit and second-floor residential unit. Ideal for investors or owner-occupants seeking flexibility, modernization, and long-term upside in a walkable location. Sale is contingent upon seller finding suitable housing.
Facts and features
Bedrooms
- Bedrooms: 5
Other Rooms
- Total Rooms: 9
- Basement Features: Full
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 1
- 1/2 Bathrooms: 2
Heating and Cooling
- Heating Features: Hot Water
- Heating Fuel: Natural Gas
- Number of Fireplaces: 0
- Water Heaters: Tankless Hotwater
Land Info
- Lot Size Acres: 0.11
- Lot Size Source: Public Records
- Lot Size Square Feet: 4792
Garage and Parking
- Garage Spaces: 3
- Garage Description: Detached Garage, Off Street Parking
- Parking Total: 6
School Information
- Elementary School: Per Board of Ed
- High School: Per Board of Ed
Multi-Unit Info
- Number of Units In Community: 2
Schools
- 5
Kelly Middle School
middle · 6-8 · 1.3 mi
- 3
John M. Moriarty School
elementary · K-5 · 3.1 mi
St. Joseph School
elementary · K-8 · 0.2 mi
- 4
Norwich Free Academy
high · 9-12 · 0.7 mi
St Patrick Cathedral School
elementary · K-8 · 0.3 mi
Stoneview Children's University
elementary · K-3 · 1.1 mi
Price history
- Sep 11, 2026 · Listed$319,900
- Jun 16, 2026 · Listing Removed—
- May 10, 2026 · Price Changed$299,900
- Apr 29, 2026 · Listed$324,900
- Apr 1, 2026 · Listing Removed—
- Mar 27, 2026 · Listed$349,900
- Mar 1, 2026 · Listing Removed—
- Dec 31, 2025 · Listed$375,000
Tax history
- 2026$5,474 tax · $160,300 assessed
- 2023$7,063 tax · $145,200 assessed
- 2022$5,750 tax · $118,600 assessed
- 2021$5,769 tax · $118,600 assessed
- 2020$5,749 tax · $118,600 assessed
- 2019$5,692 tax · $118,600 assessed
- 2018$4,210 tax · $87,000 assessed
- 2017$4,240 tax · $87,000 assessed
Home value
$314,285
- Quantarium$314,285
- Collateral Analytics$285,000
Where it is
Listed by Scott Aceto · Smith & Oak Real Estate Company · SMARTMLS
