2,800 SF 4 Family

multifamily

2,800 SF 4 Family

681 Main Street
Norwich, Connecticut 06360

Price

$495,000

Price/SF

$176.79/SF

Building Size

2,800 SF

Lot Size

0.16 acres

Year Built

1953

Units

4

Property Description

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.

Additional Details

Zoning

GC

MLS Number

24168585

Property ID

7534fa48-3a50-4fb4-93bf-83523d8739af

MLS Information

MLS#: 24168585

Listed by: VC Property Group, LLC

Agent: Anthony Velez • (860) 300-3102 • anthony.velez@vcpropertygrp.com

This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.

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