681 North Main Street, Norwich, CT 06360
Local realty services provided by:CENTURY 21 Clemens Group
681 North Main Street,Norwich, CT 06360
$495,000
- 8 Beds
- 4 Baths
- 2,800 sq. ft.
- Multi-family
- Active
Listed by: anthony velez(860) 300-3102
Office: vc property group, llc(860) 300-3102
MLS#:24168585
Source:CT
Price summary
- Price:$495,000
- Price per sq. ft.:$176.79
About this home
VC Property Group is 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 cap rate of approximately 9.39%, with upside to an 11.46% cap rate at stabilization through modest rent increases. At stabilization, the asset achieves approximately $56,710 NOI and a 1.80x DSCR, offering strong yield with minimal execution risk. The property features tenant-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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Home facts
- Year built:1953
- Listing ID #:24168585
- Added:3 day(s) ago
- Updated:April 24, 2026 at 11:39 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:16
- Basement Description:Full Basement
- Living area:2,800 sq. ft.
Heating and cooling
- Heating:Hot Water
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1953
- Building area:2,800 sq. ft.
- Lot area:0.16 Acres
- Lot Features:Level Lot
- Construction Materials:Clapboard
Schools
- High school:Per Board of Ed
- Elementary school:Per Board of Ed
Utilities
- Water:Public Water Connected
Finances and disclosures
- Price:$495,000
- Price per sq. ft.:$176.79
- Tax amount:$7,090 (July 2025-June 2026)
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