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Under contract
  • Price cut: $20K (7/1)
    $599,000

    20 Elm Street, Simsbury, CT 06081

    6beds
    2,710sqft
    : 
    Multi Family
    Built in 1882
    -- sqft lot
    $-- Zestimate®
    $221/sqft
    $-- HOA

    What's special

    Rare opportunity to acquire a fully occupied 4-unit asset in the heart of Simsbury-one of Connecticut's most desirable and stable real estate markets. This income-producing property features two side-by-side two-family homes on a single lot, each offering one 1-bedroom and one 2-bedroom unit, ideal for consistent rental demand and portfolio diversification. One building underwent a full gut renovation in 2020-2021, including upgraded systems and finishes, reducing future capital expenditures. With modern kitchens and bathroom, updated flooring, abundant natural light -rare and highly appealing to quality tenants. Set on just over half an acre, the property includes a spacious backyard, ample off-street parking, and a shared driveway. Tenants enjoy not only the functional amenities but also the lifestyle perks of living in Simsbury-a classic New England town known for its scenic farms, historic homes, hiking, rail-to-trail bike paths, and two local golf courses. This location offers a convenient commute to Granby, Bloomfield, and Avon, enhancing its appeal for working professionals and families. Simsbury has been ranked among the top places to live in CT . Demand for rentals in this area remains strong-and opportunities like this are rare. $67,200 gross $43,000 noi 7.2% cap rate
    64 days
    on Zillow
    |
    305
    |
    9
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 28, 2025 at 08:14am

    Listed by:

    Tammy Powling,

    Coldwell Banker Realty

    Source: Smart MLS,MLS#: 24103847MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Baseboard, Zoned, Electric, Oil
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Electric Water Heater, Water Heater
    Features
    • Basement: Partial,Dirt Floor
    • Attic: None
    Interior area
    • Total structure area: 2,710
    • Total interior livable area: 2,710 sqft
    • Finished area above ground: 2,710

    Property

    Parking
    • Total spaces: 4
    • Parking features: None, Off Street, Driveway, Shared Driveway, Paved
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Porch, Deck
    • Exterior features: Sidewalk
    Lot
    • Size: 0.62 Acres
    • Features: Few Trees
    Details
    • Parcel number: 700087
    • Zoning: R-15

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors,Units are Side-by-Side
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1882

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Tariffville
    HOA
    • Has HOA: No
    Location
    • Region: Tariffville

    Financial & listing details

    • Price per square foot: $221/sqft
    • Tax assessed value: $257,390
    • Annual tax amount: $8,792
    • Date on market: 6/14/2025
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