681 N Main St, Norwich, CT 06360

$465,000
8
BD
4
BA
2,800
SqFt
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Sold Price
$465,000
List Price
$465,000
Status
CLOSED
MLS#
24187712
Closing Date
Jul 30, 2026
Year Built
1953
Bedrooms
8
Bathrooms
4
Acres
0.16
Living Area
2,800
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Property Description

We are proud to present a 4-unit multifamily asset located at 681 N Main Street. The property is fully occupied and generating $61,752 in current gross income, delivering an in-place 10 CAP with an 18% ROI, and 26% Proforma ROI. At stabilization, the asset achieves approximately $56,710 NOI and a 1.88x DSCR, offering strong yield with minimal execution risk. The property features a mix of tenant and owner paid utilities, public water/sewer, and a low operating expense profile. This is a stabilized asset with immediate cash flow and mark-to-market rent upside.

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Additional Information

Taxes
$5,983
Lot Size
6,969
Heating
Hot Water
Cooling System Type
None
Water Source
Public
Basement
Full
Elementary School
Per Board of Ed
High School
Per Board of Ed
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Listing courtesy of Anthony Velez from VC Property Group, LLC. (860) 300-3102 (860) 300-3102

Selling Office: eXp Realty.