681 N Main Street, Norwich, CT 06360 (MLS # 24168585)

Price $495,000
Status Active
Beds 8
Baths 4 Baths
Home size 2,800 sqft
Lot Size 6,970 sqft
Days on Market 2
VC Property Group is proud to present a 4-unit multifamily asset located at 681 N Main Street. The property is fully occupied and generating $61,752 in current gross income, delivering an in-place cap rate of approximately 9.39%, with upside to an 11.46% cap rate at stabilization through modest rent increases. At stabilization, the asset achieves approximately $56,710 NOI and a 1.80x DSCR, offering strong yield with minimal execution risk. The property features tenant-paid utilities, public water/sewer, and a low operating expense profile. This is a stabilized asset with immediate cash flow and mark-to-market rent upside.
Property Type(s): Multi Family
Last Updated 4/20/2026 Year Built 1953
County New London

SCHOOLS

Elementary School Per Board of Ed
High School Per Board of Ed

Additional Details

AIR None
BASEMENT Full, Yes
CONSTRUCTION Clapboard, Frame
HEAT Electric, Hot Water
LOT 6970 sq ft
LOT DESCRIPTION Level, Waterfront
SEWER Public Sewer
STYLE Units on different Floors
TAXES 7090
WATER Public
WATERFRONT Yes
ZONING GC

Location

 

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Listing courtesy of VC Property Group, LLC
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