ATTENTION INVESTORS!!! This incredible 10 CAP investment Opportunity for 4 units across 2 2-family properties may be exactly what you're 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**
Sold for $485,000
$485,000
40 Elm Street, Windham, CT 06226
8beds
4,808sqft
Multi Family
Built in 1930
-- sqft lot
$507,600 Zestimate®
$101/sqft
$1,613 Estimated rent
Home value
$507,600
$447,000 - $563,000
$1,613/mo
Zestimate® history
Owner options
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$1,613/mo
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$1,613/mo
Rent Zestimate®
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$3,292/mo
Est. payment
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$3,292/mo
Est. payment
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List your homeWhat's special
Large backyardsPrivacy and gardens
Zillow last checked:
Listing updated:
Listed by:
Robyn Letourneau 860-918-3945,
Berkshire Hathaway NE Prop. 860-267-4481
Bought with:
Michael LeBoeuf, RES.0819489
Keller Williams Realty Leading Edge
Source: Smart MLS,MLS#: 24100884
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Hot Water, Natural Gas, Oil
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater, Water Heater
- Laundry: In Basement
Features
- Basement: Full
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 4,808
- Total interior livable area: 4,808 sqft
- Finished area above ground: 4,808
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Lot
- Size: 10,018 sqft
- Features: Level
Details
- Parcel number: 2290578
- Zoning: NPR2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors,Other
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter, Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Willimantic
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2025 | Sold | $485,000+0%$101/sqft |
Source:  Smart MLS #24100884 Report a problem | ||
| 8/21/2025 | Pending sale | $484,999$101/sqft |
Source: Smart MLS #24100884 Report a problem | ||
| 7/18/2025 | Listed for sale | $484,999$101/sqft |
Source:  Berkshire Hathaway HomeServices New England Properties #24100884 Report a problem | ||
| 7/16/2025 | Contingent | $484,999$101/sqft |
Source: Berkshire Hathaway HomeServices New England Properties #24100884 Report a problem | ||
| 6/30/2025 | Listed for sale | $484,999+105.5%$101/sqft |
Source: Smart MLS #24100884 Report a problem | ||
| 2/1/2023 | Sold | $236,000+329.1%$49/sqft |
Source: Public Record Report a problem | ||
| 6/17/1998 | Sold | $55,000$11/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,613 -0.1% | $178,640 |
| 2024 | $6,620 +48.8% | $178,640 +90.4% |
| 2023 | $4,448 +1.5% | $93,830 |
| 2022 | $4,382 -6.8% | $93,830 |
| 2021 | $4,700 +0.2% | $93,830 |
| 2020 | $4,690 +1.6% | $93,830 |
| 2019 | $4,614 -3.7% | $93,830 -6.7% |
| 2017 | $4,790 +38.6% | $100,600 |
| 2015 | $3,456 -20.9% | $100,600 |
| 2014 | $4,369 -15.3% | $100,600 -23.4% |
| 2013 | $5,157 +2.7% | $131,250 |
| 2012 | $5,023 +4.3% | $131,250 |
| 2011 | $4,814 | $131,250 |
| 2010 | $4,814 +37.5% | $131,250 |
| 2009 | $3,500 +6.9% | $131,250 |
| 2008 | $3,273 -26.9% | $131,250 |
| 2007 | $4,477 +10.3% | $131,250 |
| 2006 | $4,060 +1.1% | $131,250 +40% |
| 2005 | $4,015 +1.5% | $93,730 |
| 2004 | $3,957 +26.1% | $93,730 +16.9% |
| 2001 | $3,137 | $80,150 |
Find assessor info on the county website
Neighborhood: 06226
Nearby schools
GreatSchools rating
- 4/10Natchaug SchoolGrades: K-5Distance: 0.3 mi
- 5/10Charles High Barrows Stem AcademyGrades: K-8Distance: 1.3 mi
- 2/10Windham High SchoolGrades: 9-12Distance: 0.9 mi
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$507,600
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+$10,152
With Zillow Showcase(estimated)
$517,752
- Connecticut
- Windham County
- Willimantic
- 06226
- 40 Elm Street
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