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Well established investor portfolio with strong occupancy and income history. This offering includes seven residential properties Norwich, NY with a total of 11 units - four 2-unit multi-families and three single family residences. The portfolio has also maintained very low vacancy and generates $147,600 in annual gross rental income, with net income of $84,300 (total expenses including 15% factor for Maintenance/Reserve/Vacancy). At a projected 9.12% capitalization rate it offers substantial current income along with potential to improve performance through property updates and future rent growth, or disposition of single family homes at a higher value than an investor rate may support. Property conditions are generally average, with some deferred maintenance presenting opportunities for an investor to add value. Each property is located within walking distance of local employers and everyday amenities, supporting continued rental demand. For a buyer seeking to expand an existing portfolio or acquire multiple income-producing properties in one transaction, this package merits a closer look.
| DAYS ON MARKET | 1 | LAST UPDATED | 10/22/2026 |
|---|---|---|---|
| YEAR BUILT | 1890 | COMMUNITY | Norwich-City-081100 |
| COUNTY | Chenango | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Electric Water Heater, Gas Water Heater, Water Heater |
|---|---|
| AREA | Norwich-City-081100 |
| BASEMENT | Full, Partial, Yes |
| CONSTRUCTION | Blown-In Insulation, Other, Vinyl Siding, Wood Siding |
| HEAT | Baseboard, Electric, Forced Air, Hot Water, Natural Gas |
| HOA DUES | Multi Family |
| LOT | 3485 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 56X64 |
| PARKING | Common |
| STORIES | 2 |
| TAXES | 22450 |
| UTILITIES | Sewer Connected, Water Connected |
| WATER | Public |
| ZONING | Residential Multi Use |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Kevin D. Walsh, Keller Williams Upstate NY Properties, 607-226-8880
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