29 Sheas Ln

Off Market

29 Sheas Ln

Norwich CT 06380

3327 sq. ft.

1.19 ac.

Duplex

Last sold for $430,000

Gregory 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 $385k.

Median value

$385k

Estimated value range

$270k - $515k

Median days on market

Estimated value trend

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

We have insufficient information to provide an overview of customer satisfaction for Norwich. Viewing the agent profiles, reviews and sales for Norwich can provide insights for this location.

Local market activity for 6 bedroom duplexes in Norwich

In the last 12 months, 5 six-bedroom duplexes similar to 29 Sheas Ln, have been sold.

This represents a 500% decrease in six-bedroom duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Norwich for a market analysis.

Chris Maynard

at The Bill Heenan Team

(30 reviews)

Get a market analysis

Sharon Stokland

at List N Show LLC

(62 reviews)

Get a market analysis

Gregory Hanner

at Garden Realty

(269 reviews)

Get a market analysis

Claritza Fong

at KAZANTZIS REAL ESTATE, LLC

(11 reviews)

Get a market analysis

Nearby agents

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

Chris Maynard

Sellers who recommend Chris Maynard have praised them for being well-prepared, local expert, and responsive

5 (30 reviews)
2 Reviews in Norwich
2 Sales in Norwich

View profile

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

Gregory Hanner

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