681 N Main Street, Norwich, CT 06360 (MLS # 24168585)
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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 4/20/2026 |
|---|---|---|---|
| YEAR BUILT | 1953 | COUNTY | New London |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Per Board of Ed |
|---|---|
| High School | Per Board of Ed |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| BASEMENT | Full, Yes |
| CONSTRUCTION | Clapboard, Frame |
| HEAT | Electric, Hot Water |
| LOT | 6970 sq ft |
| LOT DESCRIPTION | Level, Waterfront |
| SEWER | Public Sewer |
| STYLE | Units on different Floors |
| TAXES | 7090 |
| WATER | Public |
| WATERFRONT | Yes |
| ZONING | GC |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing courtesy of VC Property Group, LLC
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