Four-Unit Multifamily
681 North Main Street Norwich, CT 06360
For Sale
$495,000
Fully occupied 4-unit asset with tenant-paid utilities and public water/sewer, currently producing $61,752 in gross income.
Property Size2,800 SF
Price / SF$176.79
Days on Market96
Property Features for 681 North Main Street
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- 4 Family
Building Details
- Year Built
- 1953
Listing Agency:
VC Property Group, LLC
(860) 300-3102
Listed By:
Anthony Velez
(860) 300-3102
Source:
Lockandkeyre
Added: Apr 20
Changed: Jul 23
Last Checked: Jul 23 at 5:32PM
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.
VC Property Group presents a 4-unit multifamily asset located at 681 N Main Street. The property is fully occupied and generating $61,752 in current gross income, with an in-place cap rate of approximately 9.39%.
The property features tenant-paid utilities and public water/sewer, along with a low operating expense profile. At stabilization, it is described as achieving approximately $56,710 NOI and a 1.80x DSCR.
The current underwriting also notes upside to an approximately 11.46% cap rate at stabilization through modest rent increases, positioning the asset as a stabilized income property with immediate cash flow and mark-to-market rent potential.
The property features tenant-paid utilities and public water/sewer, along with a low operating expense profile. At stabilization, it is described as achieving approximately $56,710 NOI and a 1.80x DSCR.
The current underwriting also notes upside to an approximately 11.46% cap rate at stabilization through modest rent increases, positioning the asset as a stabilized income property with immediate cash flow and mark-to-market rent potential.
Key Highlights
- 4‑unit multifamily property at 681 N Main Street built in 1953
- Fully occupied with $61,752 current gross income and ~9.39% in‑place cap rate
- Stabilized projections include ~11.46% cap rate with modest rent increases
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully occupied 4-unit asset with tenant-paid utilities and public water/sewer, currently producing $61,752 in gross income.
Where is this quadplex located?
The property is located at 681 North Main Street Norwich, CT.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 4‑unit multifamily property at 681 N Main Street built in 1953; Fully occupied with $61,752 current gross income and ~9.39% in‑place cap rate; Stabilized projections include ~11.46% cap rate with modest rent increases
