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USACTNorwichYantic265 Washington St
Listing image | Image 1

265 Washington St, Norwich, CT

House

For Sale

Listed price in listed location currency (USD).
$795,000

1266

MLS® 24186008

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 6013 sqft
Garage 
Taxes $7,784
Days Active 0
Lot Size 0.5 Acres
Approx. Age 1860
Avg. Price Per Sqft $132
MLS® Number 24186008

Property Address: 265 Washington St, Norwich, CT, 06360-2929

Average square foot calculated using Size range provided by listing agent.

Description

Fully occupied 6-unit multifamily investment opportunity offering strong in-place cash flow and substantial embedded rental upside. The property consists of four 2-bedroom units, one 3-bedroom unit, and one 1-bedroom unit, currently generating $74, 400 in annual gross income with a projected stabilized income of approximately $119, 400 based on market rents. At stabilization, the asset supports a projected NOI exceeding $77, 000, equating to a 9.69% cap rate and a 14.79% projected return on investment. Investors will appreciate the opportunity to significantly increase revenue through lease turnover and rent normalization rather than extensive renovations. All utilities, including electric and hot water, are separately metered and paid by tenants, with ownership responsible only for heat. Additional features include off-street parking, public water and sewer, and over 6, 000 square feet of living area situated on a 0.50-acre lot. A compelling opportunity to acquire a scalable multifamily asset with strong income growth potential in one of Connecticut's most active rental markets.
MLS® Number24186008
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1860
BasementFull
DrivewayDriveway
Garage Spaces
HeatNatural Gas, Steam
A/CWindow Unit

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 23, 2026List Date
$795,000List Price
  • Commute

Commute

Starting Address
Destination Address
265 Washington St, Norwich, CT

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