40 Elm St Willimantic, CT 06226
Estimated payment $3,189/month
Total Views
6,257
8
Beds
4
Baths
4,808
Sq Ft
$101
Price per Sq Ft
Highlights
- Hot Water Circulator
- Hot Water Heating System
- Level Lot
About This Home
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**
Listing Agent
Berkshire Hathaway NE Prop. License #RES.0812297 Listed on: 06/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,613
Year Built
- Built in 1930
Lot Details
- 10,019 Sq Ft Lot
- Level Lot
Parking
- 2 Car Garage
Home Design
- 4,808 Sq Ft Home
- Concrete Foundation
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Hot Water Circulator
- Electric Water Heater
- Fuel Tank Located in Basement
Community Details
- 4 Units
- Gross Income $61,200
Listing and Financial Details
- Assessor Parcel Number 2290578
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | Pending | -- | -- | -- |
| 06/30/2025 06/30/25 | For Sale | $484,999 | -- | $101 / Sq Ft |
Source: SmartMLS
Similar Homes in Willimantic, CT
Source: SmartMLS
MLS Number: 24100884
APN: WIND M:14-03 B:121 L:7
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