Updated 5-Unit Apartment
For Sale
$975,000
243 North Elm St, Torrington, CT 06790
Five-unit multifamily property with separate utilities, tenant laundry, storage, and a dedicated parking lot.
Property Size5,755 SF
Price / SF$169.42
Days on Market15
Property Features for 243 North Elm St
General Information
Standard status
Active
Size
5,755 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR, 3 x 3BR, 1 x 4BR
Multifamily Units
5
Additional Details
Cap Rate
7.25%
Amenities
laundry
storage
Building Details
Year Built
1900
Listing Agency:
RE/MAX Right Choice
(203) 912-6819
Listed By:
Chris Carozza · License #RES.0768259
Source:
Themialeteam
Added: Aug 17
Changed: Aug 30
Last Checked: Aug 31 at 6:43PM
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 RE/MAX Right Choice
Investment Insights
Based on property information with market context.
This 5,755-square-foot apartment building contains five residential units with a mix of one 2-bedroom, three 3-bedroom, and one 4-bedroom layouts. The property has updated systems, including a heating system and water heaters installed in 2021, along with a newer roof and multiple replaced windows. Basement improvements add laundry and storage areas for residents.
The property is fully occupied and located at 243 North Elm St in Torrington, Connecticut. A separately deeded lot is included and currently provides a large parking area. Each unit has separate utilities, supporting straightforward operating arrangements. The offering is reported at a 7.25% cap rate.
The property is fully occupied and located at 243 North Elm St in Torrington, Connecticut. A separately deeded lot is included and currently provides a large parking area. Each unit has separate utilities, supporting straightforward operating arrangements. The offering is reported at a 7.25% cap rate.
Key Highlights
- Five‑unit apartment building totaling 5755 square feet
- Unit mix includes one 2‑bedroom, three 3‑bedroom, and one 4‑bedroom apartment
- Heating system and water heaters installed in 2021
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 06790, CT
35,486
Population
17,109
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
89%
High-School Grad
41.5 sq mi
ZIP Area
855
Density / Sq Mi
$69,720
Median Household Income
$40,860
Median Earnings
$1,101
Median Rent
$196,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily property with separate utilities, tenant laundry, storage, and a dedicated parking lot.
Where is this apartment building located?
The property is located at 243 North Elm St Torrington, CT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Five‑unit apartment building totaling 5755 square feet; Unit mix includes one 2‑bedroom, three 3‑bedroom, and one 4‑bedroom apartment; Heating system and water heaters installed in 2021
