265 Washington St

Norwich, CT 06360

$795,000
Price
12
Beds
6,013 Sq. Ft.
$132 / Sq. Ft.
6,013
Sq. Ft.
$132
per Sq. Ft.
Get preapproved with Rocket Mortgage1

Description

Fully occupied 6-unit multifamily investment opportunity offering strong in-place cash flow and substantial embedded rental upside. The property consists of four 2-bedroom units, one 3-bedroom unit, and one 1-bedroom unit, currently generating $74,400 in annual gross income with a projected stabilized income of approximately $119,400 based on market rents. At stabilization, the asset supports a projected NOI exceeding $77,000, equating to a 9.69% cap rate and a 14.79% projected return on investment....Fully occupied 6-unit multifamily investment opportunity offering strong in-place cash flow and substantial embedded rental upside. The property consists of four 2-bedroom units, one 3-bedroom unit, and one 1-bedroom unit, currently generating $74,400 in annual gross income with a projected stabilized income of approximately $119,400 based on market rents. At stabilization, the asset supports a projected NOI exceeding $77,000, equating to a 9.69% cap rate and a 14.79% projected return on investment. Investors will appreciate the opportunity to significantly increase revenue through lease turnover and rent normalization rather than extensive renovations. All utilities, including electric and hot water, are separately metered and paid by tenants, with ownership responsible only for heat. Additional features include off-street parking, public water and sewer, and over 6,000 square feet of living area situated on a 0.50-acre lot. A compelling opportunity to acquire a scalable multifamily asset with strong income growth potential in one of Connecticut's most active rental markets.
  1. Listed by Anthony Velez • VC Property Group, LLC
    P: (860)-519-3800 C: (860)-300-3102 anthony.velez@vcpropertygrp.com

Property Details for 265 Washington Street

Basement Description
Full
Direct Waterfront
No
Neighborhood
Yantic
Style
Other
Garage Parking Info
Driveway
Swimming Pool
No
LISTING UPDATED: 06/23/2026 07:15 PM

Property Details for 265 Washington Street

StatusActive
MLS #24186008
Days on Market8
Taxes$7,784 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1860
Lot Size0.50 AC / 21,780 SF
CountyNew London County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of VC Property Group, LLC, Anthony Velez
Add your commute

Building Information for 265 Washington Street

Stories-Residences6Year Built1860Building Size-Lot Size0.50 AC / 21,780 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$4,610 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,962

Property Taxes

$649

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 265 Washington Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: refer agent
  • Elementary School: Veterans Memorial
  • High School: Norwich Free Academy
  • Latitude: 41.539597
  • Longitude: -72.084658
  • State: Connecticut
Parking
  • Parking Total Spaces: 6
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $7,784
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Walk-In
  • Cooling System: Window Unit
  • Heat Type: Steam
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Rooms Total: 30
Room 5
  • Listing Key: 54DCEE26586DA46DE0631A01100AB2C4
Property
Property and Assessments
  • Color: white
  • Construction Description: Frame
  • Driveway Type: Gravel
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1860
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 6013
Lot Information
  • Lot Description: Level Lot, Historic District
  • Parcel Number: 2021582
  • Sq Ft Est Heated Above Grade: 6013.0
  • Sq Ft Total: 6013.0
  • Zoning: R40
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Upright Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 6
  • Total Rooms Multi Family: 30
Unit 1
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 06-23-2026
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
Unit 2
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 06-23-2026
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
Unit 3
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 06-23-2026
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 6
Unit 4
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 06-23-2026
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
Unit 5
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 06-23-2026
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
Unit 6
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 06-23-2026
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5

Property History for 265 Washington Street

DateEvent & SourcePriceAppreciation
Apr 25, 2016

Closed (Public Record)

Public Record #581284317

$77,500

-3.0% / yr

Jul 15, 2003

Closed (Public Record)

Public Record #126316610

$115,000—
Jul 15, 2003

Closed (Public Record)

Public Record #126316609

$115,000—
DateEvent & SourcePrice
04/25/2016

Closed (Public Record)

Public Record #581284317

$77,500

-3.0% / yr

07/15/2003

Closed (Public Record)

Public Record #126316610

$115,000
07/15/2003

Closed (Public Record)

Public Record #126316609

$115,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 265 Washington Street

Taxable ValueLand$43,300Additions$180,300Total$223,600
Tax Record2024$7,784 ($649 / month)
Home Facts
Total Finished SqFt6,013 SqFtAbove Grade Finished SqFt6,013 SqFtUnfinished Basement SqFt2,295 SqFtStories3Lot Size21,780 SqFtStyleMulti-Family Res (5+ Units)Year Built1860ZoningR40CountySOUTHEASTERN CONNECTICUTAPNNWCH M:84 B:5 L:1

Schools near 265 Washington Street

This home is within Norwich School District.
Rating
School
Type
Grades
Distance
Samuel Huntington School
Public - PK to 5
Kelly Middle School
Public - 6 to 8
Aba Autism Program
Public - K to 5
Irs Program At Moriarty
Public - K to 2
Rating
School
Distance
Samuel Huntington School
PublicPK to 5

Kelly Middle School
Public6 to 8

Aba Autism Program
PublicK to 5

Irs Program At Moriarty
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Explore Nearby Homes

More information about 265 Washington Street, Norwich, CT 06360

265 Washington Street is a multi-family home for sale in Norwich, CT 06360. This property was listed for sale on June 23, 2026 by VC Property Group, LLC, it's currently listed at $795,000. It has been on the market for a total of 8 days and was last sold on April 25, 2016. This listing's school district is Norwich School District. Nearby schools include Samuel Huntington School, Kelly Middle School and Aba Autism Program. 265 Washington Street is a 12-bed, 6-bath, 6,013 sqft multi-family home built in 1860.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of VC Property Group, LLC, Anthony Velez

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.