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40 Elm Street, 
Windham, CT 06226

$484,999

8

Beds

4

Baths

4,808

Sq Ft

Multi-Family

Active

Listed by

Robyn Letourneau

Berkshire Hathaway Ne Prop.

Last updated:

July 25, 2025, 04:33 PM

MLS#

24100884

Source:

CT

About This Home

40 Elm Street

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**

Home Facts

Multi-Family

4 Baths

8 Bedrooms

Built in 1930

Price Summary

484,999

$100 per Sq. Ft.

MLS #:

24100884

Last Updated:

July 25, 2025, 04:33 PM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

4,808 Sq. Ft.

Structure

Structure

Building Area:

4,808 Sq. Ft.

Year Built:

1930

Lot

Lot Size (Sq. Ft):

10,018

Finances & Disclosures

Finances

Price:

$484,999

Price per Sq. Ft:

$100 per Sq. Ft.

Source:CT
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