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
Under contract
Price cut: $20K (7/1)
$599,000
20 Elm Street, Simsbury, CT 06081
6beds
2,710sqft
Est.:
Multi Family
Built in 1882
-- sqft lot
$-- Zestimate®
$221/sqft
$-- HOA
What's special
- 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#: 24103847

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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