Marilyn Lusher
RE/MAX Legends
(860) 743-1317
249 Total Sales
1 in Windham
$370,000 Price
40 Elm St Willimantic, CT 06226
Windham Area
8
Beds
4
Baths
4,808
Sq Ft
10,019
Sq Ft Lot
About This Home
As of October 2025ATTENTION 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
Berkshire Hathaway NE Prop. License #RES.0812297 Listed on: 06/30/2025
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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
- Electric Water Heater
- Fuel Tank Located in Basement
Community Details
- 4 Units
- Gross Income $61,200
Listing and Financial Details
- Assessor Parcel Number 2290578
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 30, 2025
Closed on
Oct 1, 2025
Sold by
Bought by
Seller's Agent
Robyn Letourneau
Berkshire Hathaway NE Prop.
Buyer's Agent
Michael LeBoeuf
Keller Williams Realty Leading Edge
List Price
$484,999
Sold Price
$485,000
Premium/Discount to List
$1
0.0%
Views
58
Purchase Details
Closed on
Jan 27, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,200
Interest Rate
6.32%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Jan 26, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,200
Interest Rate
6.32%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Mar 22, 2016
Sold by
Bought by
Purchase Details
Closed on
Jun 17, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Willimantic, CT
-
Marilyn Lusher
-
Rob Rosa
Rob Rosa
Berkshire Hathaway NE Prop.
(860) 560-1786
289 Total Sales
3 in Windham
$50K - $325K Price Range
-
Dan Saffer
Dan Saffer
PVD Properties
(401) 593-2251
106 Total Sales
1 in Windham
$156,000 Price
-
David Sartirana
David Sartirana
Northwest CT Realty
(959) 251-2063
344 Total Sales
1 in Windham
$289,000 Price
-
Doreen Corriveau
Doreen Corriveau
KW Legacy Partners
(959) 230-0926
195 Total Sales
2 in Windham
$252K - $435K Price Range
-
Guillermo Araujo
Guillermo Araujo
Five Stars Realty
(860) 791-3396
203 Total Sales
1 in Windham
$309,000 Price
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 | $485,000 | -- | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $236,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Executors Deed | $55,000 | -- |
Source: Public Records
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 |
|---|---|---|---|
| Closed | $165,200 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $105,000 | No Value Available |
Source: Public Records
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 |
|---|---|---|---|---|
| 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
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 | $6,613 | $178,640 | $19,450 | $159,190 |
| 2024 | $6,620 | $178,640 | $19,450 | $159,190 |
| 2023 | $4,448 | $93,830 | $16,920 | $76,910 |
| 2022 | $4,382 | $93,830 | $16,920 | $76,910 |
| 2021 | $4,700 | $93,830 | $16,920 | $76,910 |
| 2020 | $4,690 | $93,830 | $16,920 | $76,910 |
| 2019 | $4,614 | $93,830 | $16,920 | $76,910 |
| 2017 | $4,790 | $100,600 | $19,130 | $81,470 |
| 2015 | $3,456 | $100,600 | $19,130 | $81,470 |
| 2014 | $4,369 | $100,600 | $19,130 | $81,470 |
Source: Public Records
Agents Affiliated with this Home
-
Robyn Letourneau
Seller's Agent in 2025
Robyn Letourneau
Berkshire Hathaway Home Services
(860) 918-3945
81 Total Sales
-
Michael LeBoeuf
M
Buyer's Agent in 2025
Michael LeBoeuf
Keller Williams Realty Leading Edge
(401) 862-1707
52 Total Sales
Map
Source: SmartMLS
MLS Number: 24100884
APN: WIND M:14-03 B:121 L:7
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