A "Main Street" Six-Family

265 Washington St, Norwich, CT

6 Units • $99,833/unit

Est. $4,545 /mo

Get Financing
List Price $599,000
NOI
$81,107
DSCR
2.05
Cap
14%
ROI
28%
Listing Details
$599,000
Multifamily
A "Main Street" Six-Family

265 Washington St, Norwich, CT

6 Units . $99,833/unit

$599,000

Listed By
Christian Martinez

VC Property Group

RES.0834170

Est. Monthly

$4,545 /mo

Get Financing
Property Snapshot
60% Proforma
Property Type
Multifamily
Building(s)
1
Sqft
6013 sqft
Parcel(s)
1
Lot Size
0.5 acres
Year Built
1860
Highlights
  • High Visibility
  • Off Street Parking
  • Seconds From Americas Top 5% Best Hospitals
Property 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.

Property Features
Utilities & Systems
Heating
Natural Gas
Hot Water
Natural Gas
Water
Public
Sewer
Public
Trash
City Pick-up
Utility Split
T/O Paid
Unit Amenities
  • Refrigerator
  • In-Unit Washer/Dryer
  • Balcony/Patio
Disclaimers
Buyer Due Diligence

Listing last updated on October 8, 2026. Buyers should independently verify all property and financial information. Financial metrics are calculated using industry best practices but rely on listing broker inputs and assumptions. Actual results may vary.

Income
Current vs Proforma
2 Bed, 1 Bath
$1,000
2 Bed, 1 Bath
$1,000
3 Bed, 1 Bath
$1,200
1 Bed, 1 Bath
$1,000
2 Bed, 1 Bath
$1,000
2 Bed, 1 Bath
$1,000
Monthly
$6,200
$10,350
Annual
$74,400
$124,200
Operating Expenses
Annualized
Property Taxes
$7,783
Insurance
$7,200
Electric
$500
Heating
$4,500
Water / Sewer
$3,600
Vacancy - Residential
$3,720
$6,210
Maintenance
$3,534
$5,900
Management
$3,534
$5,900
Others
$0
Resi Reserves ($/unit)
$1,500
Total Expenses
$35,871
$43,093
Leasing Information
Unit
Lease Status
Owner Paid
2 Bed
Month to Month
🔥
2 Bed
Month to Month
🔥
3 Bed
Month to Month
🔥
1 Bed
Month to Month
🔥
2 Beds
Month to Month
🔥
2 Beds
Month to Month
🔥
💧 Water/Sewer ⚡ Electric 🔥 Heat & Hot Water 🗑️ Trash/Recycling 🅿️ Parking
Loan Terms
Scenario Builder
Sale Price
$599,000
Loan Term
30 years
Rate
8%
LTV
75%
P&I
$3,296
$3,296
Annualized
$39,557
$39,557
Net Cash Flow
$-1,028
$41,550
DSCR at Entry
2.05
Request loan quote from VC Property Group.

Christian Martinez

VC Property Group

RES.0834170

CM
Christian Martinez
VC Property Group

Christian Martinez


VC Property Group

RES.0834170