Mixed-Use Investment Property For
45 Elm St, Winchester, CT 06098
For Sale
$540,000
Seven-unit brick building with residential and commercial spaces.
Property Size7,405 SF
Lot Size0.17 Acres
Days on Market248
Property Features for 45 Elm St
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Oxford Realty
Listed By:
Ashley Chaia
(860) 593-9595
Source:
Elliman
Added: Mar 10
Changed: Aug 28
Last Checked: Aug 14 at 6:02AM
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 Oxford Realty
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Investment Insights
Based on property information with market context.
This solid brick building features a mix of 5 residential apartments and 2 commercial office spaces. The property is suitable for investors seeking cash flow or developers considering expansion. The two office spaces could potentially be converted into additional residential units, subject to zoning and approvals. The owner currently covers the electric for the office spaces and also covers heat and water for all units. A rear lot provides off-street parking for tenants. The property is located near Routes 8 and 44, providing access to shopping, dining, Northwestern Connecticut Community College, and recreational options. The property is being sold "AS IS." It may be purchased as a portfolio with 106 Birch Street, Manchester.
Key Highlights
- Solid 7‑unit brick building featuring 5 residential apartments and 2 commercial office spaces.
- Potential to convert office spaces into additional residential units (with approvals).
- Spacious rear lot provides ample off‑street parking for tenants.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
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Business Placement
Demographics for 06098, CT
10,188
Population
5,576
Households
1.8
Avg Household Size
48
Median Age
29%
College-Educated
94%
High-School Grad
30.7 sq mi
ZIP Area
332
Density / Sq Mi
$68,661
Median Household Income
$47,202
Median Earnings
$1,189
Median Rent
$238,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Litchfield County, CT
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Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit brick building with residential and commercial spaces.
Where is this apartment building located?
The property is located at 45 Elm St Winchester, CT.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Solid 7‑unit brick building featuring 5 residential apartments and 2 commercial office spaces.; Potential to convert office spaces into additional residential units (with approvals).; Spacious rear lot provides ample off‑street parking for tenants.
