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Sold on 10/01/2025
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40 Elm St, Willimantic, CT 06226

$485,000

Last sold 10/01/2025 after 93 Days

  • 8

    bed

  • 4

    bath

  • 4,808

    Sqft ($101/Sqft)

Multi-family not for sale
Learn about Willimantic's top local Real Estate agents

About 40 Elm St

Property type Multi-family
Year built 1930
HOA fee $0/month
Lot size 10,019 Sqft
Movoto estimate
Parking 2 garage spaces
Property description
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**
Listed by
Listing Agent - Robyn Letourneau
Listing Office - Berkshire Hathaway NE Prop.
Source: CONNECT MLS mls logo
MLS#24100884 • last updated 11 months ago
Movoto checked CONNECT MLS for data 14 minutes ago
Overview
Cooling/AC Window Unit
Heating Hot Water
Type Multi-Family For Sale
SubType 2 Family
SqFt 4808
Status Closed
MLS # 24100884
Lot Size (Acres) 0.23
Property Tax 6613
Property Condition No/Resale
Interior
Total # of Bathrooms 4
# of Full Baths 4
Total # of Bedrooms 8
Laundry Basement Hook-Up(s), Basement
Basement Full
Total # of Rooms 10, 10
Exterior
Exterior Vinyl Siding
Roofing Asphalt Shingle
# Garage Spaces 2
Parking Detached Garage
Lot Description Level Lot
Amenities / Utilities
Sewer/ Septic Public Sewer Connected
Location
Waterfront Not Applicable
Elementary School Per Board Of Ed
High School Per Board Of Ed
APN 2290578
Directions GPS Friendly
Multifamily Details
Total # of Units 4
Gross Annual Income 61200
Net Operating Income 50016
$519K
Range: $467K-$571K
Last 30 days 
  • Oct 2025
    Public Records
  • Oct 2, 2025 Sold
    $485,000
  • Oct 2025
    mls logo MLS # 24100884
  • Oct 1, 2025 Sold
    $485,000
  • Aug 21, 2025 Under Contract
    —
  • Jul 18, 2025 Listed
    —
  • Jul 16, 2025 Under Contract - Continue To Show
    —
  • Jun 30, 2025 Listed
    $484,999 (+105.5%)
  • Feb 2023
    Public Records
  • Feb 1, 2023 Sold
    $236,000
  • Year Property taxes Tax assessment
  • 2024
    $6,620
    $178,640
  • 2023
    $6,620
    $178,640
  • 40 Elm St
    $485K
  • —
  • 06226
    $287K +27% y/y
  • Willimantic
    $277K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Natchaug School
public Grades K-5
Windham School District
3/10
Windham Middle School
public Grades 6-8
Windham School District
1/10
Windham High School
public Grades 9-12
Windham School District
Source: GreatSchools.org © 2026. All rights reserved.

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