232 Franklin Street, Norwich, Connecticut

$319,900

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5

Beds

3

Baths

2,606

Square feet

0.11

Acres

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

OfficeSmith & Oak Real Estate Company

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Listing information last updated on October 6th, 2026 at 11:17pm EDT.