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$465,000
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Property Description
We are 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 10 CAP with an 18% ROI, and 26% Proforma ROI. At stabilization, the asset achieves approximately $56,710 NOI and a 1.88x DSCR, offering strong yield with minimal execution risk. The property features a mix of tenant and owner 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.
Full Property Details
Full Property Details for 681 N Main St
General
- Sold For: $465,000
- Taxes: (July 2026-June 2027)
- Status: Closed
- Type: Multi-Family
- Source: SMARTMLS
- MLS ID: 24187712
- Added to Site: 56 day(s) ago
Interior
- Number of Rooms: 16
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Location
- County: New London
- Driving Directions: Call Agent
School Information
- Elementary School: Per Board of Ed
- High School: Per Board of Ed
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Electric
- Heating Fuel: Electric
- Water Heater: 40 Gallon Tank
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
Structural Information
- Architectural Style: Units on different Floors
- Construction Status: No/Resale
- Exterior Const.: Clapboard
- Basement Desc.: Full
- Roof: Asphalt Shingle
- Square Feet: 2,800
- Above Ground: 2,800 Sq. Ft.
- Year Built: 1953
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: 4
Lot Features
- Lot Size (Acres): 0.16
- Zoning: GC
- Lot Description: Level Lot
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: River
Financial Considerations
- Assessment Amount: $175,200
- Tax Year: July 2026-June 2027
Disclosures and Reports
- Property ID: 2027850
Listed by VC Property Group, LLC, Anthony Velez
Sold by eXp Realty, Michael Doherty
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Schools
Schools serving 681 N Main St
School District:Norwich School District
| Name | Grades | Distance |
|---|---|---|
John M. Moriarty School 20 Lawler Lane, Norwich, CT 06360 | K-5 | 2.3 mi |
Kelly Middle School 25 Mahan Drive, Norwich, CT 06360 | 6-8 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 681 N Main St
Date
Details
Price
Change
Source
7/30/2026
Sold
$465,000
—
MLS
6/29/2026
Listed
$465,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
681 North Main Street, Norwich, CT 06360 (MLS# 24187712) is a Multi-Family property that was sold at $465,000 on July 30, 2026. Want to learn more about 681 North Main 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.

