40 River Ave, Norwich, CT 06360
- $242,500
- 3
- BD
- 3
- BA
- 2,435
- SqFt
- List Price
- $242,500
- Status
- ACTIVE
- MLS#
- 24196250
- Year Built
- 1860
- Style
- Victorian
- Bedrooms
- 3
- Total Bathrooms
- 3
- Full Bathrooms
- 1
- Half Bathrooms
- 2
- Acres
- 0.21
- Living Area
- 2,435
Property Description
Rare investment opportunity! This Victorian-style property is being sold together with an adjacent vacant residential lot offering beautiful views of the Thames River. The home features two kitchens, oil heat, an updated electrical panel, and a detached two-car garage, providing an excellent foundation for a renovation project. Major improvements have already begun, including roughed-in electrical and a first floor bathroom with new studs and drywall. The second-floor bathroom has been gutted to the studs and is ready for your finishing touches. The property requires a new furnace, cosmetic updates throughout, and completion of the kitchens and bathrooms, making it an ideal project for investors, builders, or owner occupants looking to build equity. Included in the sale is 41 River Ave, a separate 5,227 SF (.12-acre) residential lot with scenic Thames River views. The previous owner envisioned a waterfront-view porch and patio overlooking the river. While the lot will require significant landscaping due to its slope, it offers outstanding potential to create a one-of-a-kind outdoor retreat or future homesite. Don't miss this unique chance to own a renovation project plus an additional buildable lot with water views in one package! Sale dependent upon the contract owner's ability to take title.
/u.realgeeks.media/billheenan/New_PNG_Logo.raveis.png){kind=logo}
Additional Information
- Taxes
- $7,923
- Lot Size
- 9,147
- Heating
- Other
- Cooling System Type
- None
- Water Source
- Public
- Appliances
- Refrigerator
- Basement
- Partial
- Garage Spaces
- 2
- Parking Spaces
- 2
- Elementary School
- Veterans Memorial
- High School
- Norwich Free Academy
Mortgage Calculator
Listing courtesy of Derek Greene from Derek Greene. (888) 278-5840 (888) 278-5840
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc.