Six-Unit Multifamily
265 Washington Street Norwich, CT 06360
265 Washington Street, Norwich, CT, 06360
$795,000
For Sale
$795,000
Fully occupied six-unit building with 2-, 3-, and 1-bedroom units and separately metered utilities.
Property Size6,013 SF
Price / SF$132.21
Days on Market29
Property Features for 265 Washington Street
General Information
- Standard status
- Active
- Size
- 6,013 SF
- Property subtype
- Multi-Family / 5 Family+
Building Details
- Year Built
- 1860
Listing agency
VC Property Group, LLC
(860) 778-6427
Listed by
Christian Martinez · License #RES.0834170
(860) 778-6427
Source
Compass
Added: Jun 23 Updated: Jul 21 at 7:14AM Checked: Jul 21 at 7:14AM
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 VC Property Group, LLC
Investment Insights
Based on property information with market context.
This fully occupied six-unit multifamily property includes four 2-bedroom units, one 3-bedroom unit, and one 1-bedroom unit. The building is currently producing $74,400 in annual gross income, with a projected stabilized income of approximately $119,400 based on market rents. At stabilization, the property is projected to support NOI exceeding $77,000, reflecting a 9.69% cap rate and a 14.79% projected return on investment. All utilities, including electric and hot water, are separately metered and paid by tenants, while ownership is responsible only for heat.
The property offers off-street parking and provides public water and sewer service. The living area totals over 6,000 square feet on a 0.50-acre lot in Norwich, Connecticut.
With its current unit mix and utility structure, the asset is designed to be managed as a scalable rental investment where revenue growth is driven by lease turnover and rent normalization rather than extensive renovations.
The property offers off-street parking and provides public water and sewer service. The living area totals over 6,000 square feet on a 0.50-acre lot in Norwich, Connecticut.
With its current unit mix and utility structure, the asset is designed to be managed as a scalable rental investment where revenue growth is driven by lease turnover and rent normalization rather than extensive renovations.
Key Highlights
- Fully occupied 6‑unit multifamily building with a mix of four 2‑bedroom units, one 3‑bedroom unit, and one 1‑bedroom unit
- Over 6,000 sq ft of living area on a 0.50‑acre lot, with off‑street parking
- Annual gross income of $74,400, with projected stabilized income of approximately $119,400 based on market rents
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully occupied six-unit building with 2-, 3-, and 1-bedroom units and separately metered utilities.
Where is this apartment building located?
The property is located at 265 Washington Street Norwich, CT.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Fully occupied 6‑unit multifamily building with a mix of four 2‑bedroom units, one 3‑bedroom unit, and one 1‑bedroom unit; Over 6,000 sq ft of living area on a 0.50‑acre lot, with off‑street parking; Annual gross income of $74,400, with projected stabilized income of approximately $119,400 based on market rents
