265 Washington Street
Norwich, CT 06360
12
Bed
6
Bath
6,013Sqft
0.50Acre(Lot)
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. Add
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 12Bathroom Information
Total Baths: 6 Full Baths: 6Room Information
Rooms Total: 30 Has Basement: Yes Basement: Full -
Roofing Information
Asphalt -
Interior Features
Roof: Asphalt -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Steam Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1860 Building Area Total: 6013 Construction Materials: Vinyl Siding, Frame Private Pool: No
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Lot Information
Lot Size Acres: 0.5 Lot Description: Level
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Listing Price Information
Listing Price: $795000
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Tax Information
Parcel Number: 2021582 Annual Tax: $7784
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Parking Information
Parking Total: 6 Gravel, Driveway
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School Information
Elementary School: Veterans MemorialJunior High School:Senior High School: Norwich Free Academy -
Location Information
Direction: refer agent WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 361 Central Avenue, Norwich, CT, 06360 | $230,000 | 8 | 4 | 3,047 | 3,047 SqFt |
| 617 E Main Street, Norwich, CT, 06360 | $275,000 | 5 | 2 | 2,512 | 2,512 SqFt |
| 531-545 Boswell Avenue, Norwich, CT, 06360 | $1,250,000 | 16 | 16 | 8,585 | 8,585 SqFt |
| 57-59 Tenth Street, Norwich, CT, 06360 | $400,000 | 4 | 2 | 1,901 | 1,901 SqFt |
| 40 Convent Avenue, Norwich, CT, 06360 | $390,000 | 6 | 3 | 2,766 | 2,766 SqFt |
| 116 Taftville Occum Road, Norwich, CT, 06360 | $410,000 | 6 | 3 | 2,641 | 2,641 SqFt |
| 100-102 Taftville Occum.., Norwich, CT, 06360 | $290,000 | 4 | 2 | 1,800 | 1,800 SqFt |
| 77 Taftville Occum Road, Norwich, CT, 06360 | $268,000 | 4 | 2 | 1,518 | 1,518 SqFt |
| 11 Division Street, Norwich, CT, 06360 | $50,000 | 4 | 2 | 2,130 | 2,130 SqFt |
| 35 Lake Street, Norwich, CT, 06360 | $299,000 | 9 | 3 | 2,040 | 2,040 SqFt |
Similar Multifamily To 265 Washington Street
Nearby For Sale
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ByOwner last updated this listing 07/18/2026 @ 02:41
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