Quiet & Stunning Three Family

119 Williams Street, Norwich, CT

3 Family • $158,333/unit

Est. $3,253 /mo

Get Financing
List Price $475,000
NOI
$61,250
DSCR
2.15
Cap
13%
ROI
28%
Listing Details
$475,000
3 Family
Quiet & Stunning Three Family

119 Williams Street, Norwich, CT

$158,333/unit

$475,000

Listed By
Christian Martinez

VC Property Group

RES.0834170

Est. Monthly

$3,253 /mo

Get Financing
Property Snapshot
100% Proforma
Property Type
3 Family
Building(s)
1
Sqft
2964 sqft
Parcel(s)
1
Lot Size
1 acres
Year Built
1870
Highlights
  • Gorgeous Landscaping
  • Recently Renovated
  • Garage/ Storage
Property Description

Vacant three-family investment opportunity offering two three-bedroom units and one two-bedroom unit, providing a total of 8 bedrooms across over 2,964 square feet. With all three units currently vacant, a new owner has the flexibility establish new leases, select tenants and implement their preferred management strategy from day one. The provided underwriting projects monthly rental income of $6,200, annual gross income of $74,400 and NOI of approximately $61,250—an estimated 11.14% pro forma cap rate at the asking price ($550,000). Built in 1870 and situated on approximately 0.23 acres, the property offers public water and sewer, gas heat and hot water, city trash pickup, split utilities and 1:1 parking. A compelling value-add opportunity for an investor seeking strong projected income and full control over the initial lease-up.

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
  • Walk-In Closets
  • Hardwood Floors
  • Tile Flooring
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
4 Bed, 1 Bath
$2,200
4 Bed, 1 Bath
$2,200
2 Bed, 1 Bath
$1,800
Monthly
$6,200
$6,200
Annual
$74,400
$74,400
Operating Expenses
Annualized
Property Taxes
$7,000
Insurance
$3,600
HOA
$0
Electric
$750
Heating
$0
Water / Sewer
$1,800
Trash
$0
Vacancy - Residential
$0
$0
Maintenance
$0
$0
Management
$0
$0
Others
$0
Total Expenses
$13,150
$13,150
Leasing Information
Unit
Lease Status
Owner Paid
4 Bedroom
Vacant - Rent Ready
💧
4 Bedroom
Vacant - Rent Ready
💧
2 Bedroom
Vacant - Rent Ready
💧
💧 Water/Sewer ⚡ Electric 🔥 Heat & Hot Water 🗑️ Trash/Recycling 🅿️ Parking
Loan Terms
Scenario Builder
Sale Price
$475,000
Loan Term
30 years
Rate
7%
LTV
75%
P&I
$2,370
$2,370
Annualized
$28,442
$28,442
Net Cash Flow
$32,808
$32,808
DSCR at Entry
2.15
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