$495,000
681 North Main Street, Norwich, CT 06360
- 8 beds |
- 4 baths |
- 2,800 sqft
Multi-Family Home
Built in 1953
6,970sqft lot
—— car garage
$177/sqft
Listed 2 months ago
Property Description
VC Property Group is proud to present a 4-unit multifamily asset located at 681 N Main Street. The property is fully occupied and generating $61,752 in current gross income, delivering an in-place cap rate of approximately 9.39%, with upside to an 11.46% cap rate at stabilization through modest rent increases. At stabilization, the asset achieves approximately $56,710 NOI and a 1.80x DSCR, offering strong yield with minimal execution risk. The property features tenant-paid utilities, public water/sewer, and a low operating expense profile. This is a stabilized asset with immediate cash flow and mark-to-market rent upside.
- Listing Status:
- Active
- Date Added:
- April 20, 2026
- Data Last Updated:
- June 27, 2026 at 4:50AM
- Listing Office:
- VC Property Group, LLC : (860) 300-3102
- Listing Agent:
- Anthony Velez : (860) 300-3102
- MLS ID:
- 24168585

- Style: Units on different Floors
- Roofing: Asphalt Shingle
- County: New London
- Zoning: GC2027850
- Water: Public Water Connected
- Sewer: Public Sewer Connected
This listing courtesy of Anthony Velez , VC Property Group, LLC
Monthly Payment
$Est. Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $


