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265 Washington Street, 
Norwich, CT 06360

$650,000


12

Beds


6

Baths


6,013

Sq Ft


Multi-Family

Active

Listed by

Christian Martinez, (860) 778-6427

Vc Property Group, LLC., (860) 300-3102

(860) 300-3102

Last updated:

September 12, 2026, 11:59 AM

MLS#

24205831

Source:

CT

About This Home

265 Washington Street

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.

Home Facts

Multi-Family

6 Baths

12 Bedrooms

Built in 1860

Price Summary

650,000

$108 per Sq. Ft.

MLS #:

24205831

Last Updated:

September 12, 2026, 11:59 AM

Added:

4 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

6,013 Sq. Ft.


Structure

Structure

Building Area:

6,013 Sq. Ft.

Year Built:

1860


Lot

Lot Size (Sq. Ft):

21,780


Finances & Disclosures

Finances

Price:

$650,000

Price per Sq. Ft:

$108 per Sq. Ft.

Source:CT
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.