New Listing - 06/23/2026
Listing courtesy of Anthony Velez (860) 343-7800, VC Property Group, LLC (860) 300-3102
265 Washington Street, Norwich, (Yantic), CT, 06360
30 rooms
12 beds
6 Full baths
1860
Other
6,013 sqft
Fully occupied 6-unit multifamily investment opportunity offering strong in-place cash flow and substantial embedded rental upside. The property consists of four 2-bedroom units, one 3-bedroom unit, and one 1-bedroom unit, currently generating $74,400 in annual gross income with a projected stabilized income of approximately $119,400 based on market rents. At stabilization, the asset supports a projected NOI exceeding $77,000, equating to a 9.69% cap rate and a 14.79% projected return on investment. Investors will appreciate the opportunity to significantly increase revenue through lease turnover and rent normalization rather than extensive renovations. All utilities, including electric and hot water, are separately metered and paid by tenants, with ownership responsible only for heat. Additional features include off-street parking, public water and sewer, and over 6,000 square feet of living area situated on a 0.50-acre lot. A compelling opportunity to acquire a scalable multifamily asset with strong income growth potential in one of Connecticut's most active rental markets.
Status:
Active
Town:
Norwich
Type:
Multi-family
Units:
6
Zoning:
R40
Garage:
Driveway
Heating:
Steam
Cooling:
Window Unit
Basement:
Full
Parking:
6-car
Acreage:
0.5
Est. Taxes:
$7,784
Assessment
$223,600
Lot Description:
Level Lot,Historic District
Elementary School:
Veterans Memorial
High School:
Norwich Free Academy
Days on Market:
9
MLS #:
24186008
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