47 Commerce Ave

$485,000
Last Sold Price
8
Beds
4,400 Sq. Ft.
$110 / Sq. Ft.
4,400
Sq. Ft.
$110
per Sq. Ft.

Description

Investor alert! This professionally managed, fully occupied 5-family property is a rare turn-key opportunity delivering strong and consistent cash flow. All five units are currently leased, making this a seamless addition to your portfolio with income from day one. The building features a new roof. Tenants pay for their own electric heat and hot water, keeping operating costs low for the owner. This property will require commercial lending and is ideal for both new and seasoned investors looking...Investor alert! This professionally managed, fully occupied 5-family property is a rare turn-key opportunity delivering strong and consistent cash flow. All five units are currently leased, making this a seamless addition to your portfolio with income from day one. The building features a new roof. Tenants pay for their own electric heat and hot water, keeping operating costs low for the owner. This property will require commercial lending and is ideal for both new and seasoned investors looking for stable, hands-off income in a well-run asset.

Listing Agent

  1. Jason Pollard

    Jason Pollard

    Listing Agent

    Compass

    jason.pollard@compass.com

    P: (860)-287-1976

Property Details for 47 Commerce Avenue

Basement Description
Full
Direct Waterfront
Yes
Expected Active Date
07-26-2025
Garages Number
0
Neighborhood
Danielson
Style
Other
Garage Parking Info
None, Off Street Parking, Driveway, Unpaved
Swimming Pool
No
LISTING UPDATED: 10/29/2025 08:33 PM

Property Details for 47 Commerce Avenue

StatusClosed
MLS #24112207
Days on Market18
Taxes$4,798 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1900
Lot Size0.27 AC / 11,761 SF
CountyWindham County
Buyer's Agent Compensation2.5%

Location

Sold By Compass Connecticut, LLC, Jason Pollard

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Building Information for 47 Commerce Avenue

Stories-Residences5Year Built1900Building Size-Lot Size0.27 AC / 11,761 SF

Payment Calculator

$2,796 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,397

Property Taxes

$400

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 47 Commerce Avenue

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Per GPS
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.806416
  • Longitude: -71.884587
  • Neighborhood Amenities: Commuter Bus, Public Transportation, Walk to Bus Lines
  • State: Connecticut
Parking
  • Parking Total Spaces: 7
HOA and Fees
  • Home Owner's Assocation: No
  • Sewer Usage Fee Annual: $2,520
  • Tax Year: July 2025-June 2026
  • Property Tax: $4,798
Interior and Exterior Features
Exterior Features
  • Waterfront Description: River
Interior Features
  • Cooling System: None
  • Heat Type: Baseboard
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: None
  • Rooms Total: 18
Room 5
  • Listing Key: 3A0F899D9F292699E0631A01100AF510
Property
Property and Assessments
  • Color: Grey
  • Construction Description: Frame
  • Driveway Type: Gravel
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 4400
Lot Information
  • Lot Description: Lightly Wooded, Treed, Water View
  • Parcel Number: 1688342
  • Sq Ft Est Heated Above Grade: 4400.0
  • Sq Ft Total: 4400.0
  • Zoning: I
Utilities
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric, 40 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 15336
  • Gross Annual Income: 72684
  • Net Operating Income: $57,348
  • Occupied By: Tenant
  • Total Number of Units: 5
  • Total Rooms Multi Family: 18
Unit 1
  • Lease: Monthly
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 800
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 08-01-2025
  • Unit Monthly Rent: $900
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 01-31-2026
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 500
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 08-01-2025
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Lease Expires: 07-31-2026
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 500
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 08-01-2025
  • Unit Monthly Rent: $1,300
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Monthly
  • Unit Appliances: Oven/Range,Microwave,Refrigerator
  • Unit Average Sq Ft: 800
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 08-01-2025
  • Unit Monthly Rent: $1,292
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Leased
  • Lease Expires: 09-30-2025
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 800
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 08-01-2025
  • Unit Monthly Rent: $1,300
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant

Property History for 47 Commerce Avenue

DateEvent & SourcePriceAppreciation
Dec 20, 2010

Closed (Public Record)

Public Record #301806785

$63,675

-12.8% / yr

Apr 5, 2004

Closed (Public Record)

Public Record #134216363

$160,000

+48.7% / yr

Jan 28, 2003

Closed (Public Record)

Public Record #119744349

$100,000
DateEvent & SourcePrice
12/20/2010

Closed (Public Record)

Public Record #301806785

$63,675

-12.8% / yr

04/05/2004

Closed (Public Record)

Public Record #134216363

$160,000

+48.7% / yr

01/28/2003

Closed (Public Record)

Public Record #119744349

$100,000

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

Public Records for 47 Commerce Avenue

Taxable ValueLand$21,290Additions$170,230Total$191,520
Tax Record2023$4,580 ($382 / month)
Home Facts
Total Finished SqFt4,400 SqFtAbove Grade Finished SqFt4,400 SqFtUnfinished Basement SqFt1,352 SqFtStories2Lot Size11,761 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningICountyWINDHAMAPNKILL M:198 B:73

Schools near 47 Commerce Avenue

This home is within Killingly School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 2 to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Killingly Central School
PublicPK to 1

Killingly Memorial School
Public2 to 4

Killingly Intermediate School
Public5 to 8

Killingly High School
Public9 to 12

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.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

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.