$299,000
$21K PRICE DROP

87 North St Willimantic, CT 06226

Estimated payment $2,189/month

Total Views 21,462
6 Beds
2 Baths
2,981 Sq Ft
$100 Price per Sq Ft

Highlights

  • Attic
  • 1 Fireplace
  • Level Lot

About This Home

TWO HOUSES ON ONE PROPERTY! This unique investment opportunity at 87-89 North Street in Willimantic, CT, presents a compelling proposition for investors. The property comprises TWO single-family homes situated on a single lot, each with its own driveway and access to a large garage located conveniently on the front house's driveway. The rear house, a charming 1,224 square-foot dwelling, currently offers two bedrooms, a spacious kitchen, dining room, a laundry area, and a full bathroom. Its existing condition presents a stable rental income stream, mitigating risk during the renovation of the front house. The front house, approximately 1,757 square feet, has been completely stripped to the studs, providing a blank canvas for a renovation. New roof was put on in 2023. The size and layout allow for the creation of a four-bedroom residence, significantly increasing potential rental income or providing expansive living space for an owner-occupant. Rehabilitation plans could incorporate features to maximize rental appeal and profitability. The location is another key advantage. The property's proximity to Main Street places it within easy walking distance and bus lines to shopping mall, restaurants, and Eastern Connecticut State University, only a 15-minute drive to UCONN, and steps away from the bus line, serving Mansfield, Storrs, and Willimantic. Providing a strong pool of potential renters.

Listing Agent

Toni Iandoli

William Pitt Sotheby's Int'l License #RES.0813067 Listed on: 05/31/2025

William Pitt Sotheby's Int'l

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,860

Year Built

  • Built in 1920

Lot Details

  • 9,148 Sq Ft Lot
  • Level Lot

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Clap Board Siding
  • Masonry

Interior Spaces

  • 2,981 Sq Ft Home
  • 1 Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heating System Uses Oil
  • Radiant Heating System
  • Fuel Tank Located in Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1732664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,860

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: Willimantic
  • Property Type: Multi-Family For Sale
  • Style: Other
  • Sq Ft Est Heated Above Grade: 2981
  • Total Sq Ft: 2981
  • Year Built: 1920
  • New Construction: No/Resale
  • Remarks Public Addendum: The close proximity to the universities creates a consistent demand for housing, don't miss this opportunity!
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: GPS friendly
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full, Unfinished
  • Attic: Yes
  • Street Number Modifier: 87
  • Other SqFt Description: Front house is 1757 sq ft Back house is 1224 sq ft

Exterior Features

  • Exterior Siding: Clapboard
  • Foundation Type: Masonry
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Radiant
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Tank Size Unknown
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Lot Info

  • Acres: 0.21
  • Lot Description: Level Lot
  • Zoning: NPR2
  • Parcel #: 1732664

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 6860
  • Total Assessed Value: 185310
  • Mil Rate Total: 37.02

MLS Schools

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

Map

Range of Values:

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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 Change Sq Ft Price
08/02/2025 08/02/25 Price Changed $299,000 -6.6% $100 / Sq Ft
05/31/2025 05/31/25 For Sale $320,000 -- $107 / Sq Ft
Source: SmartMLS

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Source: SmartMLS

MLS Number: 24100204

SmartMLS

APN: WIND M:13-03 B:086 L:3