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    131 River Road Willington, CT 06279

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    Claim this Listing
    For Sale
    $339,900

    MULTI_FAMILY - Willington, CT

    Property size:
    3,118 SF
    Lot size:
    2.50 Acres
    Price / SF:
    $109/SF
    Added:
    Jan 9, 2026
    Days on Market:
    110
    Last Refresh:
    Apr 29 at 12:06 am

    Property Features for 131 River Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R80
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 2, Basement, Bedroom 3, Bathroom 2
    Patio and Porch features
    Deck
    Exterior features
    Wrap Around Deck
    Fireplace
    1
    Basement
    Full, Dirt Floor, Unfinished
    Standard status
    Active
    Size
    3,118 SF
    Lot size
    2.50 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    6172

    Utilities

    Heating system
    Hot Water(Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Caitlyn Chilly

    Listing agent Caitlyn Chilly License #RES.0824363

    Listing office Countryside Realty P.O. 257, Hebron, CT

    Listing date Jan 9, 2026

    MLS# 24146210 Listing URL

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Two-Family Property in Willington

    This two-family property features large, spacious apartments suitable for investors or owner-occupants. One unit is currently leased, generating immediate rental income, while the second unit is unoccupied and ready for occupancy. Both apartments offer generous layouts with ample living space. The property includes a wrap-around porch, enhancing its charm and curb appeal. Apartment B will be refreshed before closing, with fresh paint and completion of the kitchen flooring and backsplash. The septic system was newly installed in 2023. Located 10 minutes from UConn and 20 minutes from ECSU, this property presents a strong investment opportunity. The home contains lead-based paint, and lead paint disclosures and reports are available. The property is zoned R80 and situated on a 2.5-acre lot. The building size is 3118 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quality sig Warehouse & Storage

    Suggested Use

    Real Estate Agency Restaurant Law Firm Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom HVAC Service Storage Facility Furniture & Home Goods Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Willington
    County
    Tolland
    State
    Connecticut
    Longitude
    -72.301946
    Latitude
    41.854138

    Nearby Similar for Sale

    • $875,000
      6,019 SF

      High Visibility Near UConn Campus

      Main road retail opportunity near University of Connecticut campus.
      15 River Rd, Willington, CT
      View Details
    • $825,000
      6,019 SF

      Multi-Tenant Retail Property Near UCONN

      6,019 SF multi-tenant retail property near UCONN campus.
      15 River Rd, Willington, CT 06279
      View Details
    • $1,722,000
      9,100 SF

      Retail Property For Sale

      9,100 SqFt retail property with 7.65% CAP rate.
      22 Tolland Turnpike, Willington, CT 06279
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family property with rental income potential near UConn.
    Where is this duplex located?
    The property is located at 131 River Road Willington, CT.
    What is the asking price?
    The asking price for this property is $339,900.
    What are key features of this property?
    This property features: Two‑family property offering flexibility for investors or owner‑occupants with immediate rental income potential from one leased unit.; Spacious apartments with generous layouts and ample living space in both units.; Apartment B will be refreshed prior to closing with fresh paint and updated kitchen flooring/backsplash.
    (860) 933-9678
    We can help!
    Listing Contact
    Caitlyn Chilly
    Real Estate License ID: RES.0824363
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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