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$695,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 12 Total Beds
  • Updated 22 hours ago
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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.

Full Property Details for 265 Washington St

General

  • Price: $695,000
  • Taxes: (July 2026-June 2027)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24195431
  • Updated: 7/29/2026
  • Added to Site: 1 day(s) ago

Interior

  • Number of Rooms: 30

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 12

Exterior

  • Color: white

Parking

  • Total Spaces: 6
  • Parking: Driveway

Location

  • County: New London
  • Neighborhood: Yantic
  • Driving Directions: refer agent

School Information

  • Elementary School: Veterans Memorial
  • High School: Norwich Free Academy

Community

  • Community Name: Yantic

Heating & Cooling

  • Cooling Type: Window Unit
  • Heating Type: Steam, Natural Gas
  • Heating Fuel: Natural Gas
  • Water Heater: Upright Tank

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected

Structural Information

  • Architectural Style: Other
  • Construction Status: No/Resale
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Full
  • Roof: Asphalt Shingle
  • Attic: Yes
  • Square Feet: 6,013
  • Above Ground: 6,013 Sq. Ft.
  • Year Built: 1860

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 5

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 6

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.5
  • Driveway/Sidewalk: Gravel
  • Zoning: R40
  • Lot Description: Level Lot, Historic District

Financial Considerations

  • Assessment Amount: $223,600
  • Tax Year: July 2026-June 2027

Disclosures and Reports

  • Property ID: 2021582

Listed by VC Property Group, LLC, Christian Martinez

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Listing agent

— 265 Washington St —

  • Christian Martinez

    VC Property Group, LLC

Agent Contact: (860) 778-6427 Office Contact: (860) 300-3102

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 265 Washington St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/29/2026
Listed
$695,000
796.77%
MLS
2/03/2016
Sold
$77,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 265 Washington St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,784
5%
$223,600
—
2023
$7,435
31%
$223,600
65%
2023
$5,679
-1%
$135,700
—
2022
$5,724
—
$135,700
—
2021
$5,747
—
$135,700
—
2020
$5,751
4%
$135,700
—
2019
$5,515
-38%
$135,700
-37%
2018
$8,960
2%
$216,100
—
2017
$8,789
-2%
$216,100
—
2016
$9,009
1%
$216,100
—
2015
$8,944
9%
$216,100
3%
2014
$8,183
2%
$209,600
-28%
2011
$8,056
—
$292,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by VC Property Group, LLC, Christian Martinez

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265 Washington Street, Norwich, CT 06360 (MLS# 24195431) is a Multi-Family property with 6 units containing 12 bedrooms and 5 full bathrooms. 265 Washington Street is currently listed for $695,000 and was received on July 29, 2026. Want to learn more about 265 Washington Street? Do you have questions about finding other Multi-Family real estate for sale in Norwich? You can browse all Norwich real estate or contact a Coldwell Banker agent to request more information.

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