$485,000
SOLD OCT 1, 2025

40 Elm St Willimantic, CT 06226

8 Beds
4 Baths
4,808 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$101 Per Sq Ft

52 Days on Market

Highlights

  • Hot Water Circulator
  • Hot Water Heating System
  • Level Lot

About This Home

As of October 2025

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**

Last Agent to Sell the Property

Robyn Letourneau

Berkshire Hathaway NE Prop. License #RES.0812297 Listed on: 06/30/2025

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Michael LeBoeuf

Keller Williams Realty Leading Edge License #RES.0819489

Keller Williams Realty Leading Edge

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,613

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Other
  • Sq Ft Est Heated Above Grade: 4808
  • Total Sq Ft: 4808
  • Year Built: 1930
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: GPS Friendly
  • Financing Used: Conventional Fixed
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Basement Description: Full
  • Laundry Room Location: basement
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Garage And Parking: Detached Garage

Utilities

  • Cooling System: Window Unit
  • Heat Type: Hot Water
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric, Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.23
  • Lot Description: Level Lot
  • Zoning: NPR2
  • Parcel #: 2290578

Multi Family

  • Gross Annual Income: 61200
  • Total Number Of Units: 4

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 6613

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2025 10/01/25 Sold $485,000 0.0% $101 / Sq Ft
08/21/2025 08/21/25 Pending -- -- --
06/30/2025 06/30/25 For Sale $484,999 -- $101 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robyn Letourneau

    Seller's Agent in 2025

    Robyn Letourneau

    Berkshire Hathaway Home Services

    (860) 918-3945

    8 in this area

    76 Total Sales

    Robyn Letourneau
    Section Image

  • M

    Buyer's Agent in 2025

    Michael LeBoeuf

    Keller Williams Realty Leading Edge

    (401) 862-1707

    1 in this area

    34 Total Sales

    Michael LeBoeuf
    Section Image
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Map

Source: SmartMLS

MLS Number: 24100884

SmartMLS

APN: WIND M:14-03 B:121 L:7

Connecticut Windham County Willimantic 06226

40 Elm St, Willimantic, CT

This home is located at 40 Elm St, Willimantic, CT 06226 and is currently priced at $485,000, approximately $100 per square foot. This property was built in 1930. 40 Elm St is a home located in Windham County with nearby schools including Windham Middle School, Windham High School, and St Mary St Joseph School.

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.

SmartMLS 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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