About 232 Franklin Street
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.
Features of 232 Franklin Street
| MLS® # | 24206430 |
|---|---|
| Price | $319,900 |
| Bedrooms | 5 |
| Bathrooms | 3.00 |
| Full Baths | 1 |
| Half Baths | 2 |
| Square Footage | 2,606 |
| Acres | 0.11 |
| Type | Multi-Family For Sale |
| Sub-Type | Other |
| Style | Units on different Floors |
| Status | Under Contract |
Community Information
| Address | 232 Franklin Street |
|---|---|
| Area | N/A |
| City | Norwich |
| County | New London |
| State | Connecticut |
| Zip Code | 06360 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Detached Garage, Off Street Parking |
| # of Garages | 3 |
| Is Waterfront | No |
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Hot Water, Natural Gas |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Lot Description | N/A |
| Roof | Shingle |
| Foundation | Concrete, Stone |
School Information
| Elementary | Per Board of Ed |
|---|---|
| High | Per Board of Ed |
Additional Information
| Date Listed | September 11th, 2026 |
|---|---|
| Days on Market | 11 |
| Zoning | CC |
| RE / Bank Owned | No |
Listing Details
| Office | Smith & Oak Real Estate Company |
|---|
