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Five-Unit Apartment Building
For Sale
$599,900

140 N Main St, Griswold, CT 06351

Five one-bedroom apartments offer updated interiors and tenant-paid electric utilities.

Days on Market85

Property Features for 140 N Main St

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 5

Building Details

Year Built 1906
Listing Agency: Johnston & Associates Real Estate, LLC
Listed By: Ryan Lajoie · License #REB.0789987
Source: Elliman
Added: May 9 Changed: Jul 20 Last Checked: Aug 1 at 7:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Johnston & Associates Real Estate, LLC

Investment Insights

Based on property information with market context.

This five-unit apartment building contains five one-bedroom, one-bath apartments. Each unit has tenant-paid electric utilities, and the property includes updated units with tenants currently on leases.

Exterior improvements include vinyl siding and a newer roof. The building also provides a decent parking area and is served by city water and sewer.

All apartments are described as nicely updated, supporting straightforward income-producing use as a residential income property.

Key Highlights

  • 1906‑built 5‑family property with five 1‑bedroom, 1‑bath apartments
  • Updated apartments and all units currently occupied by tenants on leases
  • Tenant‑paid electric utilities for all units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Hair Salon Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

285
Businesses Nearby

Demographics for 06351, CT

15,609
Population
6,864
Households
2.3
Avg Household Size
44
Median Age
19%
College-Educated
93%
High-School Grad
52.5 sq mi
ZIP Area
297
Density / Sq Mi
$84,107
Median Household Income
$46,649
Median Earnings
$1,115
Median Rent
$276,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five one-bedroom apartments offer updated interiors and tenant-paid electric utilities.
Where is this apartment building located?
The property is located at 140 N Main St Griswold, CT.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1906‑built 5‑family property with five 1‑bedroom, 1‑bath apartments; Updated apartments and all units currently occupied by tenants on leases; Tenant‑paid electric utilities for all units
More about this property
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