681 N Main St

Norwich, CT 06360

$495,000
Price
8
Beds
2,800 Sq. Ft.
$177 / Sq. Ft.
2,800
Sq. Ft.
$177
per Sq. Ft.
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Description

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,...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.
  1. Listed by Anthony Velez • VC Property Group, LLC
    P: (860)-519-3800 C: (860)-300-3102 anthony.velez@vcpropertygrp.com

Property Details for 681 North Main Street

Basement Description
Full
Direct Waterfront
Yes
Neighborhood
N/A
Style
Units on different Floors
Swimming Pool
No
LISTING UPDATED: 04/20/2026 04:47 PM

Property Details for 681 North Main Street

StatusActive
MLS #24168585
Days on MarketListed Today
Taxes$7,090 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / 4 Family
Year Built1953
Lot Size0.16 AC / 6,969 SF
CountyNew London County
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Location

Listing Courtesy of VC Property Group, LLC, Anthony Velez
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Building Information for 681 North Main Street

Stories-Residences4Year Built1953Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

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$3,083 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,493

Property Taxes

$591

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 681 North Main Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Call Agent
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.541447
  • Longitude: -72.052152
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $7,090
Interior and Exterior Features
Interior Features
  • Cooling System: None
  • Heat Type: Hot Water
  • Attic YN: No
  • Fireplaces Total: 0
  • Rooms Total: 16
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Clapboard
  • Foundation Type: Masonry
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1953
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 2800
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 2027850
  • Sq Ft Est Heated Above Grade: 2800.0
  • Sq Ft Total: 2800.0
  • Zoning: GC
Utilities
  • Heat Fuel Type: Electric
  • Hot Water Description: 40 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 4
  • Total Rooms Multi Family: 16
Unit 1
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 04-20-2026
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 2
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 04-20-2026
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 3
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 04-20-2026
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 4
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 04-20-2026
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4

Property History for 681 North Main Street

DateEvent & SourcePriceAppreciation
Mar 23, 2023

Closed (Public Record)

Public Record #1508697830

$282,150

+31.9% / yr

Dec 24, 2019

Closed (Public Record)

Public Record #660428091

$115,000

-0.7% / yr

Feb 20, 1990

Closed (Public Record)

Public Record #92670163

$140,000—
DateEvent & SourcePrice
03/23/2023

Closed (Public Record)

Public Record #1508697830

$282,150

+31.9% / yr

12/24/2019

Closed (Public Record)

Public Record #660428091

$115,000

-0.7% / yr

02/20/1990

Closed (Public Record)

Public Record #92670163

$140,000

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

Public Records for 681 North Main Street

Taxable ValueLand$31,600Additions$143,600Total$175,200
Tax Record2024$7,090 ($591 / month)
Home Facts
Baths4Total Finished SqFt2,800 SqFtAbove Grade Finished SqFt2,800 SqFtUnfinished Basement SqFt1,400 SqFtStories2Lot Size6,970 SqFtStyleMulti-Family Dwelling (2-4)Year Built1953ZoningGCCountyNEW LONDONAPNNWCH M:79 B:1 L:59

Schools near 681 North Main Street

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

Kelly Middle School
Public6 to 8

Irs Program At Moriarty
PublicK to 2

Aba Autism Program
PublicK to 5

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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More information about 681 North Main Street, Norwich, CT 06360

681 North Main Street is a multi-family home for sale in Norwich, CT 06360. This listing's school district is Norwich School District. Nearby schools include John M. Moriarty School, Kelly Middle School and Irs Program At Moriarty. 681 North Main Street is a 8-bed, 4-bath, 2,800 sqft multi-family home built in 1953.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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, 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.