681 North Main Street, Norwich, CT 06360

Norwich
Local realty services provided by:ERA Key Realty Services
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:69 day(s) ago
  • Updated:June 28, 2026 at 06:53 PM

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
  • Sewer:Public Sewer 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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