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265 Washington Street, Norwich, CT 06360

Multi-Family For Sale · 5 Family+

$795,000
$132/sqft
265 Washington Street, Norwich, CT
Active
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12
Bedrooms
6
Bathrooms
6,013
Sq Ft
0.5
Acres
1860
Year Built

About This Home

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.

Listed by Anthony Velez (860) 300-3102 with VC Property Group, LLC (860) 300-3102

Listing Snapshot

Price $795,000 Days on Our Site 0 days
Property Tax $7,784/yr Style Other
Year Built 1860 Total Sq Ft 6,013
Lot Size 0.5 acres HOA Fees N/A
Bedrooms 12 Full Bathrooms 6
Total Rooms 30 Half Baths 0

Structure & Parking

Construction Frame
Roof Asphalt Shingle
Garage Type Driveway

Systems & Utilities

Heat Steam
Fuel Natural Gas
Cooling Window Unit
Hot Water Upright Tank
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Veterans Memorial
High Norwich Free Academy

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $649/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Jun 23, 2026 Listed $795,000

Frequently Asked Questions

How much does 265 Washington Street in Norwich, CT cost?
This property is listed at $795,000, which works out to $132 per square foot.
How many bedrooms does 265 Washington Street have?
This home has 12 bedrooms and 6 bathrooms.
What is the square footage of 265 Washington Street?
The home is 6,013 square feet, situated on 0.5 acres.
When was 265 Washington Street in Norwich built?
This property was built in 1860.
Is 265 Washington Street, Norwich, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 265 Washington Street, Norwich in?
This home is served by the Norwich public school system, with Veterans Memorial as the elementary school and Norwich Free Academy as the high school.
How do I schedule a tour of 265 Washington Street, Norwich, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Anthony Velez · (860) 300-3102

VC Property Group, LLC · (860) 300-3102

MLS# 24186008 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Jun 23, 2026 7:15 PM UTC