265 Washington Street, Norwich, CT 06360

Norwich
Local realty services provided by:Better Homes and Gardens Real Estate Gaetano Marra Homes
265 Washington Street,Norwich, CT 06360
$695,000
  • 12 Beds
  • 5 Baths
  • 6,013 sq. ft.
  • Multi-family
  • Active
Listed by: christian martinez(860) 778-6427
Office: vc property group, llc(860) 300-3102
MLS#:24195431
Source:CT

Price summary

  • Price:$695,000
  • Price per sq. ft.:$115.58

About this home

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...

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Home facts

  • Year built:1860
  • Listing ID #:24195431
  • Added:41 day(s) ago
  • Updated:September 09, 2026 at 11:45 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:5
  • Full bathrooms:5
  • Rooms Total:30
  • Basement Description:Full Basement
  • Living area:6,013 sq. ft.

Heating and cooling

  • Cooling:Window Unit
  • Heating:Steam

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1860
  • Building area:6,013 sq. ft.
  • Lot area:0.5 Acres
  • Lot Features:Historic District, Level Lot
  • Construction Materials:Vinyl Siding

Schools

  • High school:Norwich Free Academy
  • Elementary school:Veterans Memorial

Utilities

  • Water:Public Water Connected
  • Sewer:Public Sewer Connected

Finances and disclosures

  • Price:$695,000
  • Price per sq. ft.:$115.58
  • Tax amount:$7,636 (July 2026-June 2027)

Parking

  • Total parking spaces:6
  • Parking description:Driveway, Gravel
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