RateMyAgentGo to search
Back 29 Sheas Ln
Off Market

29 Sheas Ln

Norwich CT 06380

6
3
15
3327 sq. ft.
1.19 ac.
Duplex
Last sold for $430,000
Gregory HannerGregory Hanner, last sold this property on 31 December 2025 after 97 days on market.

Overview

Opportunity knocks! This fully occupied 3-family home on 1.19 acres features a rural feel, thanks to its expansive front yard and buildings set back from the road. Despite its rural ambiance, it offers urban conveniences and presents strong income potential. The 3D tour shows the exterior of the property. Each apartment includes 2 Bedrooms, in-unit laundry hookups, and separate utilities. Two units are located on the ground floor, and all tenants are long-term, with month-to-month agreements. The 2nd-floor tenant is actively planning to purchase, creating the possibility for an owner-occupant Buyer to step in. A detached 4-Car Garage plus a 2-Car Carport adds rental income, and there is abundant off-street parking. Recent updates include a brand-new main house roof and a 5-year-old garage roof. Landlord covers water, sewer, snow removal, and yard maintenance. The current gross monthly income is $3,740, with market rents projected to be higher. The current Cap rate is 5.6%, and it could be increased to 10.0% with modest rental rate increases. A full pro forma is available. This property delivers both stability and growth potential for Investors or flexibility for an Owner-Occupant. Conveniently located in Taftville near Norwich amenities and highways, this opportunity is a rare find. This opportunity is available to Cash Buyers or those using conventional mortgages, as the building won't qualify for FHA or VA financing due to peeling paint.

Features

6 bedrooms
3 bathrooms
15 carspaces
4 garage spaces
3327 sq. ft. floor area
1.19 ac. lot size
Duplex

Estimated Value

Based on this property and similar 6 bedroom duplexes sold in Norwich over the last 12 months, the estimated median property value of 29 Sheas Ln is $387.5k.

Median value
$387.5k
Estimated value range
$285k - $430k
Median days on market
6
Estimated value trend
0%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Norwich. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 29 Sheas Ln

2025
Sold
$430,000
31 Dec 2025 by Gregory Hanner, of Garden Realty

Happy sellers in Norwich

94%
94% of sellers in Norwich reported that their sale price either exceeded or met their price expectations.

Norwich stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Norwich over the last 12 months.

Local market activity for 6 bedroom duplexes in Norwich

In the last 12 months, 3 six-bedroom duplexes similar to 29 Sheas Ln, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Norwich

placeholder
Chris Maynard

Chris Maynard is an award winning recommended agent for Norwich.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (22 reviews)
  •  2 Reviews in Norwich
  •  2 Sales in Norwich
View profile
placeholder
Sharon Stokland

Sellers who recommend Sharon Stokland have praised them for being local expert, empathetic, clear communication, supportive, dedicated, responsive, and friendly

  •   5   (62 reviews)
  •  1 Review in Norwich
  •  1 Sale in Norwich
View profile
placeholder
Gregory Hanner

Sellers who recommend Gregory Hanner have praised them for being local expert, responsive, clear communication, supportive, detail-oriented, patient, and reliable

  •   5   (267 reviews)
  •  1 Review in Norwich
  •  1 Sale in Norwich
View profile
placeholder
Claritza Fong

Claritza Fong is a recommended agent for Norwich.  They have 2 local sales across the last 12 months.

  •   5   (11 reviews)
  •  2 Sales in Norwich
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap