243 N Elm St Torrington, CT 06790
Torrington AreaEstimated payment $6,543/month
Highlights
- Property is near golf course, public transit, and shops
- Hot Water Circulator
- Coin Laundry
- Thermal Windows
- Hot Water Heating System
- Level Lot
About This Home
ATTENTION INVESTORS! Turnkey 5-unit income-producing property in the desirable north end of town with a 7.25% cap rate! This fully occupied AND FULLY UPDATED multi-family includes one spacious 2-bedroom unit, three well-designed 3-bedroom units, and one 4 bedroom unit all with functional layouts. Recent upgrades include a new heating system and water heaters (2021), a newer roof, updated heating systems, and many replaced windows, ensuring minimal maintenance. The basement features newly added laundry and storage areas for tenant convenience. Additionally, the property comes with a SEPERATLY DEEDED LOT, currently serving as a large parking area, offering extra value and future potential. Don't miss this opportunity! All utilities are separate!
Listing Agent
RE/MAX Right Choice Brokerage Phone: (203) 912-6819 License #RES.0768259 Listed on: 03/10/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,774
Year Built
- Built in 1900
Lot Details
- 7,405 Sq Ft Lot
- Level Lot
Parking
- 20 Parking Spaces
Home Design
- Side-by-Side
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 5,755 Sq Ft Home
- Thermal Windows
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 15 Bedrooms
- 5 Full Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near golf course, public transit, and shops
Utilities
- Hot Water Heating System
- Heating System Uses Natural Gas
- Hot Water Circulator
Community Details
- 5 Units
- Coin Laundry
- Gross Income $107,730
Listing and Financial Details
- Assessor Parcel Number 882769
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $14,774 | $384,230 | $45,920 | $338,310 |
| 2024 | $7,310 | $152,380 | $54,950 | $97,430 |
| 2023 | $7,308 | $152,380 | $54,950 | $97,430 |
| 2022 | $7,183 | $152,380 | $54,950 | $97,430 |
| 2021 | $7,035 | $152,380 | $54,950 | $97,430 |
| 2020 | $7,035 | $152,380 | $54,950 | $97,430 |
| 2019 | $6,900 | $149,450 | $52,910 | $96,540 |
| 2018 | $6,900 | $149,450 | $52,910 | $96,540 |
| 2017 | $6,837 | $149,450 | $52,910 | $96,540 |
| 2016 | $6,829 | $149,270 | $52,910 | $96,360 |
| 2015 | $6,829 | $149,270 | $52,910 | $96,360 |
| 2014 | $6,383 | $175,750 | $38,880 | $136,870 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/07/2026 04/07/26 | Price Changed | $975,000 | -2.0% | $169 / Sq Ft | |
| 03/10/2026 03/10/26 | For Sale | $995,000 | +80.9% | $173 / Sq Ft | |
| 05/28/2024 05/28/24 | Sold | $550,000 | 0.0% | $96 / Sq Ft | View Prior Sale |
| 04/02/2024 04/02/24 | Pending | -- | -- | -- | |
| 03/28/2024 03/28/24 | For Sale | $550,000 | 0.0% | $96 / Sq Ft | |
| 02/04/2024 02/04/24 | Pending | -- | -- | -- | |
| 01/20/2024 01/20/24 | For Sale | $550,000 | 0.0% | $96 / Sq Ft | |
| 08/18/2020 08/18/20 | Rented | $850 | 0.0% | -- | |
| 08/12/2020 08/12/20 | Under Contract | -- | -- | -- | |
| 08/10/2020 08/10/20 | For Rent | $850 | 0.0% | -- | |
| 06/01/2019 06/01/19 | Rented | $850 | 0.0% | -- | |
| 06/01/2019 06/01/19 | Under Contract | -- | -- | -- | |
| 05/14/2019 05/14/19 | For Rent | $850 | 0.0% | -- | |
| 04/24/2019 04/24/19 | Under Contract | -- | -- | -- | |
| 03/26/2019 03/26/19 | For Rent | $850 | -5.6% | -- | |
| 12/08/2018 12/08/18 | Rented | $900 | +5.9% | -- | |
| 10/31/2018 10/31/18 | Under Contract | -- | -- | -- | |
| 10/26/2018 10/26/18 | For Rent | $850 | 0.0% | -- | |
| 05/11/2017 05/11/17 | Sold | $266,000 | -9.8% | $46 / Sq Ft | View Prior Sale |
| 01/10/2017 01/10/17 | For Sale | $295,000 | 0.0% | $51 / Sq Ft | |
| 12/04/2016 12/04/16 | Pending | -- | -- | -- | |
| 11/14/2016 11/14/16 | For Sale | $295,000 | -- | $51 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $266,000 | -- | |
| Warranty Deed | $205,000 | -- | |
| Warranty Deed | $75,000 | -- | |
| Deed | $243,000 | -- | |
| Deed | $132,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,095,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $198,750 | Commercial | |
| Closed | $65,000 | Commercial | |
| Previous Owner | $195,000 | Commercial | |
| Previous Owner | $50,000 | Commercial |
Source: SmartMLS
MLS Number: 24157670
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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