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$485,000
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Property Description
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**
Full Property Details
Full Property Details for 40 Elm St
General
- Sold For: $485,000
- Taxes: (July 2025-June 2026)
- Status: Closed
- Type: Multi-Family
- Source: SMARTMLS
- MLS ID: 24100884
- Added to Site: 200 day(s) ago
Interior
- Number of Rooms: 10
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Basement Hook-Up(s)
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking: Detached Garage
Location
- County: Windham
- Driving Directions: GPS Friendly
School Information
- Elementary School: Per Board of Ed
- High School: Per Board of Ed
Heating & Cooling
- Cooling Type: Window Unit
- Heating Type: Hot Water, Natural Gas, Oil
- Heating Fuel: Natural Gas, Oil
- Water Heater: Electric, Domestic
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
Structural Information
- Architectural Style: Units on different Floors, Other
- Construction Status: No/Resale
- Exterior Const.: Vinyl Siding
- Basement Desc.: Full
- Roof: Asphalt Shingle
- Square Feet: 4,808
- Above Ground: 4,808 Sq. Ft.
- Year Built: 1930
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): 0.23
- Zoning: NPR2
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $178,640
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Property ID: 2290578
Listed by Berkshire Hathaway NE Prop., Robyn Letourneau
Sold by Keller Williams Realty Leading Edge, Michael LeBoeuf
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Schools
Schools serving 40 Elm St
School District:Windham School District
| Name | Grades | Distance |
|---|---|---|
Natchaug School 123 Jackson St., Windham, CT 06226 | K-5 | 0.3 mi |
Windham Middle School 123 Quarry St., Windham, CT 06226 | 6-8 | 1.5 mi |
Windham High School 355 High St., Windham, CT 06226 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40 Elm St
Date
Details
Price
Change
Source
10/01/2025
Sold
$485,000
—
MLS
6/30/2025
Listed
$484,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
40 Elm Street, Windham, CT 06226 (MLS# 24100884) is a Multi-Family property that was sold at $485,000 on October 01, 2025. Want to learn more about 40 Elm Street? Do you have questions about finding other Multi-Family real estate for sale in Windham? You can browse all Windham real estate or contact a Coldwell Banker agent to request more information.

