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40 Elm

Windham, CT 06226

8 beds
4 baths
4,808 sqft
10,019 sqft lot
$100 per sqft
1930 build
– on site

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**

Listing courtesy of SMART_MLS / Robyn Letourneau / Berkshire Hathaway NE Prop.

Last checked: Checking… • Last updated Jun 30, 2025 •

MLS# 24100884 —

The Building

Year Built:

1930
Year Built Source:

Public Records
New Construction Type:

No/Resale
Style:

Units on different Floors, Other
Roof Information:

Asphalt Shingle
Attic:

No
Exterior Siding:

Vinyl Siding
Foundation Type:

Concrete, Stone
Basement Description:

Full
SqFt Total:

4808
SqFt Description:

attics partially finished, 2 buildings. see property card.
SqFt Est Heated Above Grade:

4808

Interior

Laundry Room:

Basement Hook-Up(s)
Laundry Room Location:

basement

Location

Directions:

GPS Friendly
Neighborhood:

N/A

The Property

Parcel Number:

2290578
Property Type:

Multi-Family For Sale
Property Subtype:

2 Family
Zoning:

NPR2
Acres:

0.23
Acres Source:

Public Records
Lot Description:

Level Lot

Listing Agent

Contact info:

Taxes

Tax Year:

July 2024-June 2025
Property Taxes:

6620

Beds

Beds Total:

8

Baths

Total Baths:

4
Full Baths:

4

Heating & Cooling

Heat Type:

Hot Water
Heat Fuel Type:

Natural Gas, Oil
Cooling System:

Window Unit

Utilities

Water Source:

Public Water Connected
Sewage System:

Public Sewer Connected

Schools

Elementary School:

Per Board of Ed
High School:

Per Board of Ed

The Community

Swimming Pool:

No
Direct Waterfront:

No
Waterfront Description:

Not Applicable

Parking

Garage & Parking:

Detached Garage
Garages Number:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/29/25 Jun 29, 2025	Listed / Active	SMART_MLS	$484,999

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This multifamily located in Windham, CT 06226 is currently for sale for $484,999. 40 Elm is a 4,808 square foot multifamily with 8 beds and 4 baths that has been on Estately for 1 days. This multifamily is in the attendance area of Windham Middle School, Natchaug School, and Windham High School.

Listing Courtesy of: SMART_MLS and Berkshire Hathaway NE Prop..

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