40 Elm Street, Willimantic, CT 06226

Local realty services provided by:ERA Key Realty Services
40 Elm Street,Windham, CT 06226
$485,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by:robyn letourneau
Office:berkshire hathaway ne prop.
MLS#:24100884
Source:CT

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Price summary

  • Price:$485,000

About this home

ATTENTION INVESTORS!!! This incredible 10 CAP investment Opportunity for 4 units across 2 2-family properties may be exactly what you're looking for!!! Discover the potential in this centrally located low overhead property. With strong rental demand from nearby ECSU, Uconn and in the general market, vacancy will not be a problem. Tenant amenities include large backyards, with privacy and gardens. Conveniently walkable to downtown, near bus lines and ideal for investors or renovation-minded buyers looking to restore charm and build equity. Off street parking, long term tenants, and under market rents make this a Value-add asset. Add 2 more bedrooms to the top floor units and consider pro-forma rents. These are stable in place, but the sky is the limit. Combine with other listed Willimantic properties: Pleasant St., Jackson St., and Chapman St. as a 17 unit portfolio. GOI:63,000 Expenses: 10,868 NOI: 52,132 10CAP PRO Forma NOI: 77,932!!! floor plans available**

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Home facts

  • Year built:1930
  • Listing ID #:24100884
  • Added:93 day(s) ago
  • Updated:October 01, 2025 at 07:36 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4

Heating and cooling

  • Cooling:Window Unit
  • Heating:Hot Water

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1930

Schools

  • High school:Per Board of Ed
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$485,000
  • Tax amount:$6,613 (July 2025-June 2026)
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