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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