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40 Elm Street, Windham CT 06226

Current Price: $484,999

8 beds 4 baths 4808 sq. ft

Last Update: 7/30/2025

Property Type: Multi-Family For Sale

Public Remarks

ATTENTION INVESTORS!!! This incredible 10 CAP investment Opportunity for 4 units across 2 2-family properties may be exactly what youre looking for!!! Discover the potential in this centrally located low overhead property. With strong rental demand from nearby ECSU, Uconn and in the general market, vacancy will not be a problem. Tenant amenities include large backyards, with privacy and gardens. Conveniently walkable to downtown, near bus lines and ideal for investors or renovation-minded buyers looking to restore charm and build equity. Off street parking, long term tenants, and under market rents make this a Value-add asset. Add 2 more bedrooms to the top floor units and consider pro-forma rents. These are stable in place, but the sky is the limit. Combine with other listed Willimantic properties: Pleasant St., Jackson St., and Chapman St. as a 17 unit portfolio. GOI:63,000 Expenses: 10,868 NOI: 52,132 10CAP PRO Forma NOI: 77,932!!! floor plans available**

Map to Property at 40 Elm Street, Windham CT 06226


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Residential Property Information for 40 Elm Street, Windham CT 06226

MLS #: 24100884

Style: Units on different Floors,Other

Color:

Total Rooms:

Bedrooms: 8

Bathrooms: 4

Acres: 0.23

Year Built: 1930 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $6,613

Zoning: NPR2

Mil Rate:

Assessed Value: $178,640 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 4808; below grade sq feet total is ; total sq ft is 4808

Features
Laundry Location & Info: Basement Hook-Up(s)  basement
Fireplaces: 0
Basement Desc.: Full
Exterior Siding: Vinyl Siding
Foundation: Concrete,Stone
Roof: Asphalt Shingle
Parking Spaces: 2
Garage/Parking Type: Detached Garage
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: Level Lot
Occupied: Owner
Utility Information

Hot Water System

Heat Type:

Fueled By: Hot Water.

Cooling: Window Unit

Fuel Tank Location: In Basement

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Per Board of Ed

Intermediate:

Middle:

High School: Per Board of Ed

Marketing History

Current List Price: $484,999

Original List Price: $484,999

DOM: 30

Listing Date: 6/30/2025

Last Updated: 7/18/2025 2:43:49 PM

Listing Agent and Broker

List Agent Name: Robyn Letourneau

List Office Name: Berkshire Hathaway NE Prop.