$6,116 Closing Credit¹
#24099416, Tammy Arute, Listing office: Arute Realty Group LLC
#24100884·
Listing office: Berkshire Hathaway NE Prop.·
Listing agent: Robyn Letourneau·
Listing office phone: (860) 267-4481
$484,999 List price
40 Elm St Windham, CT 06226
$5,759
Closing credit¹
8 beds
4 full
4,808 sqft
0.2 acres
$101 / sqft
Multi-Family
Property details
About 40 Elm St
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**
Highlights
Home typeMulti Family
HeatingHot Water
StatusActive
CoolingWindow Unit(s)
Size4,808 sqft
BasementYes
Lot size0.23 Acres
Year built1930
ParkingDetached Garage
MLS #24100884
Garage2 spaces
Summary
- Full Bathrooms: 4
- Basement: Yes
- Total Bedroom Count: 8
- Garage Space: 2 spaces
- Attached Garage: No
- Private Pool: No
- Parking: Detached Garage
- Architectural Style: Other
- Heating: Hot Water
- Cooling: Window Unit(s)
- List Price: $484,999
- Price/SqFt: $100
- Lot: Level
- Directions: GPS Friendly
- Year Built: 1930
- Living Area: 4,808 SqFt
- Lot Size: 0.23 Acres
- MLS Number: 24100884
- Office Name: Berkshire Hathaway NE Prop.
- Office Phone: (860) 267-4481
- Office Email: robynletourneau@bhhsne.com
- Listing Agent: Robyn Letourneau
Copyright © 2025 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/30/2025, 1:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$484,999
40 Elm St
$5,759
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
3
Natchaug School
Public District KG-5
0.3 mi
•123 Jackson St
3
W. B. Sweeney School
Public District KG-5
1.6 mi
•60 Oak Hill Dr
2
Windham Center School
Public District KG-5
2.3 mi
•45 North Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,391. Typical income of Windham, CT residents is between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
38%
<35k
49%
35k-100k
12%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
37%
Single, No Kids
33%
Single, with Kids
12%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
11%
12-17 yrs old
30%
18-34 yrs old
31%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
UFC- Pro Boxing
Soccer
Where do the neighbors shop?
Family Dollar
Burlington
Forever 21
Where do the neighbors go to eat?
Burger King
Popeyes
Dominos Pizza
What do the neighbors drive?
Buick
Dodge
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
Similar homes for sale
Backup offers
$3,919 Closing Credit¹
#24099161, Amber Jones, Listing office: KW Legacy Partners
$4,393 Closing Credit¹
#24074009, Benjamin Carbone, Listing office: Lamacchia Realty
$2,137 Closing Credit¹
#24102696, Jayson Kemp, Listing office: Five Stars Realty
5 days on Rocket
$7,125 Closing Credit¹
#24101734, Robyn Letourneau, Listing office: Berkshire Hathaway NE Prop.
4 days on Rocket
$5,819 Closing Credit¹
#24101711, Robyn Letourneau, Listing office: Berkshire Hathaway NE Prop.
Frequently asked questions
About 40 Elm St
The listing price of 40 Elm St property is $484,999.
The property 40 Elm St is a multi located in Windham, Connecticut, 06226.
Active Listing: 40 Elm St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 40 Elm St are: Natchaug School (GreatSchools Rating 3/10), W. B. Sweeney School (GreatSchools Rating 3/10), Windham Center School (GreatSchools Rating 2/10), Charles H. Barrows STEM Academy (GreatSchools Rating 5/10), Windham Middle School (GreatSchools Rating 3/10), Mansfield Middle School (GreatSchools Rating 6/10), Arts at the Capitol Theater (ACT) Magnet School (GreatSchools Rating 3/10), Windham High School (GreatSchools Rating 1/10), Windham Technical High School (GreatSchools Rating 4/10).
The property 40 Elm St is 4,808 SqFt (source: MLS/tax record).
The year of construction for 40 Elm St is 1930.
This home is located at 40 Elm St in Windham, CT and zip code 06226. This 4,808 square foot home, which was built in 1930, sits on a 0.23 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 30, 2025 and is currently priced at $484,999.
In May 2025, from all listings sold in Windham, CT there were more than 10 sold above asking price, over 7 sold below and more than 3 were sold right at the asked price. The number of homes for sale in Windham, CT increased by 4.8% between April and May 2025.
From Rocket Homes Real Estate and based on county public records data.