Colchester CT Homes for Rent
The median home value in Colchester, CT is $411,950.
This is
higher than
the county median home value of $320,100.
The national median home value is $338,100.
The average price of homes sold in Colchester, CT is $411,950.
Approximately 76.13% of Colchester homes are owned,
compared to 20.05% rented, while
3.82% are vacant.
Colchester real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you see a property you’re interested in, contact a Colchester real estate agent to arrange a tour today!
$314,900
12 Fern Drive Colchester, CT 06415
- Type:
- Single Family
- Sq.Ft.:
- 1,128
- Status:
- NEW LISTING
- Beds:
- 3
- Lot size:
- 0.42 Acres
- Year built:
- 1957
- Baths:
- 1.00
- MLS#:
- 24061554
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Beautifully remodeled ranch style home! This home offers 3 spacious bedrooms and a large living room with hardwood floors. The kitchen has granite counters, stainless appliances and a pantry and is open to the bright and airy sunroom. The remodeled bathroom features modern fixtures and a sleek design. New paint throughout. Outside, the large corner lot provides plenty of space for outdoor activities. New walkway. This home is a must-see, offering a turn-key, move-in ready experience in a fantastic location. Don't miss out on this gem! MORE PHOTOS TO COME-BUT DON"T WAIT. SCHEDULE YOUR SHOIWNG TODAY
- Type:
- Single Family
- Sq.Ft.:
- 2,049
- Status:
- Active
- Beds:
- 3
- Lot size:
- 1.39 Acres
- Year built:
- 1986
- Baths:
- 3.00
- MLS#:
- 24059521
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Stunning 3-bedroom,2.5-bathroom custom built McNaughton Brothers center chimney Cape in a lovely quiet neighborhood setting.This immaculate home features a fantastic layout offering a formal living room accented w/hardwood floors and a brick propane fireplace.This room could also be used as a formal dining room.The large eat-in KIT is well appointed with Corian counters,oak cabinets,a tiled floor,center breakfast bar and double white sinks that overlook the den/family room.Enjoy relaxing in the light and bright family room/den perfect for entertaining boasting vaulted wood accented ceilings w/2 skylights,3 palladian windows and slider access out to the rear two-tiered wood deck.The mudroom set off the KIT offers access to the 1st floor 1/2 bath w/washer & dryer hookup and access to the attached 2-car garage.The convenient 1st floor primary bedroom suite is sure to please featuring cathedral ceilings w/2 skylights,wall to wall carpeting and a primary full bathroom w/a stand-up shower stall.The second floor has hardwood floors in the hall and offers 2 generously sized bedrooms w/ample closet space as well as another full bathroom w/another skylight,tiled floor and a tub/shower combination.The partially finished full walkout LL is the ideal space for all gatherings offering slider access out to the backyard,a pellet stove,dry bar w/seating and a workshop area in the mechanical room.This fantastic home also boasts newer mini split A/C,new well pump in 2021 and a generator hookup.
- Type:
- Single Family
- Sq.Ft.:
- 1,313
- Status:
- Active
- Beds:
- 3
- Lot size:
- 1.3 Acres
- Year built:
- 1988
- Baths:
- 2.00
- MLS#:
- 24059067
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Investor opportunity, come see this 3 bedroom/2 bath Cape Cod home which is privately situated off the road with over an acre of land. Home is in need repairs/updates and the price is reflective of work needed.
- Type:
- Single Family
- Sq.Ft.:
- 2,764
- Status:
- Active
- Beds:
- 3
- Lot size:
- 7.17 Acres
- Year built:
- 1988
- Baths:
- 3.00
- MLS#:
- 24058549
- Subdivision:
- N/A
ADDITIONAL INFORMATION
This lovingly maintained home on a serene 7-acre lot offers privacy, beauty, and easy access to nature. The property features a 2-car attached garage, plus a spacious 28x30 detached garage set back from the road with a newer driveway, perfect for storage, hobbies, or workshop needs. Inside, the entire upstairs boasts hand-scraped Acacia solid hardwood flooring, adding warmth and elegance to all bedrooms. The primary suite includes a walk-up attic, providing additional storage or potential for future expansion. On the main floor, enjoy the convenience of first-level laundry, and in the lower level, a walkout basement with the Owens Corning system, complete with enhanced soundproofing, provides a versatile finished space for recreation or relaxation. The cozy family room, featuring a wood-inset fireplace and sliders to the deck, is ideal for gathering and entertaining. Equestrian-friendly, this property also allows for horses (check local zoning). The front guest bedroom has a unique feature: closet access to the area over the garage, which could be finished to add even more living space. Directly across from Bulkeley Hill Preserve, a 120-acre land trust with scenic hiking trails, this home is a nature lover's dream. The boiler was replaced in 2012, and a new burner was installed in 2022, making this property move-in ready for its next owner. Don't miss this rare opportunity to own a beautiful retreat with a blend of practical amenities and natural beauty!
- Type:
- Single Family
- Sq.Ft.:
- 2,390
- Status:
- Active
- Beds:
- 3
- Lot size:
- 4.4 Acres
- Year built:
- 2000
- Baths:
- 3.00
- MLS#:
- 24056407
- Subdivision:
- N/A
ADDITIONAL INFORMATION
NEW PRICE! Seller is requesting all best and final offers be submitted by Saturday, November 30th at 6PM. Welcome to this stunning 2,390 sq. ft. Colonial home tucked away on a 4.40-acre lot in a desirable neighborhood at the end of a cul-de-sac on Shady Brook Lane in Colchester. Meticulously maintained inside and out; home provides an abundance of natural lighting. The open floor plan creates an inviting atmosphere for both relaxation and entertaining. Gleaming hardwood floors accent the main level with a beautifully appointed fireplace in the LVRM. French doors and crown molding enhance the Formal Dining area. The updated custom kitchen offers a blend of style and functionally with stainless appliances, Farmhouse sink and granite countertops, white cabinetry, a pantry closet, breakfast bar and breakfast nook area. A remodeled half bath finishes off the main floor. The upper level has 3 generously sized bedrooms. The primary BDRM suite has its own walk-in closet and full bath. Two additional BDRMS, remodeled full bath and laundry complete the second floor. Looking for extra space? The finished basement adds extra living space. Home boasts; 200 AMP service, a 2-car garage and storage shed. For your outdoor pleasure, enjoy sitting on the front porch or back deck with the new luxury composite decking. Updates include a new water treatment system, new dishwasher and hot water heater. Property combines peaceful living with accessibility to major highway. This beau
- Type:
- Single Family
- Sq.Ft.:
- 1,804
- Status:
- Active
- Beds:
- 3
- Lot size:
- 1.66 Acres
- Year built:
- 1986
- Baths:
- 3.00
- MLS#:
- 24056452
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Welcome to this beautifully updated colonial home featuring 3 spacious bedrooms and 2.5 baths, perfect for family living. Nestled on a large, level lot, this property offers an above ground pool and plenty of outdoor space for play, gardening, or entertaining. Step inside to discover new flooring in the kitchen that complements the stylish upgrades throughout the home. The updated bathrooms provide a fresh, modern feel, ensuring comfort and convenience for everyone. Storage will never be an issue with a generously sized lower level, ideal for all your organizational needs or future expansion possibilities. Don't miss the opportunity to make this charming colonial your own! Schedule a showing today and experience the perfect blend of classic elegance and modern amenities.
- Type:
- Single Family
- Sq.Ft.:
- 1,701
- Status:
- Active
- Beds:
- 4
- Lot size:
- 2.61 Acres
- Year built:
- 1970
- Baths:
- 2.00
- MLS#:
- 24055827
- Subdivision:
- Westchester
ADDITIONAL INFORMATION
Welcome to this delightful 4-bedroom Cape Cod home. Sitting on a 2.61 acre level lot, this property features a spacious layout with beautiful hardwood floors. The bright living room showcases a cozy fireplace, creating an inviting atmosphere. The expansive kitchen has ample counter space and storage. On the main level, you'll find two comfortable bedrooms or home offices, along with a recently remodeled bathroom featuring modern finishes. The upper level has two additional generously-sized bedrooms with cedar closets along with a full bathroom for added convenience. Finished lower level. The breezeway connects the two-car garage and includes stairs leading to a 24X24 workshop/loft, providing extra storage or the potential for a workshop. Step outside to discover a huge back deck, perfect for outdoor entertaining and summer barbecues. Don't miss the chance to make this charming Cape your new home!
$479,900
23 Jordan Lane Colchester, CT 06415
- Type:
- Single Family
- Sq.Ft.:
- 1,835
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.29 Acres
- Year built:
- 2022
- Baths:
- 3.00
- MLS#:
- 24053335
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Welcome to 23 Jordan Lane an enclave of 24 homes located on a cul-de-sac in Jordan Woods. Step in the front door to a modern floor plan. The living room has a gas fireplace and laminate flooring. Next is the large kitchen with quartz countertops, tile backsplash, pot filler, stainless steel appliances, shaker cabinets with crown molding and breakfast bar. Off the kitchen is a half bath and a door to the attached garage. The kitchen is open to the dining area with dry bar and plenty of room for entertaining. Sliders off the dining area lead out to a patio space and wooded backyard. Primary bedroom has a full bath and ample closet space. Two more bedrooms, a laundry area and full bath round out the upstairs. Basement is open for storage or finishing. Close to Colchester restaurants, shopping, town green and more.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.41 Acres
- Year built:
- 1896
- Baths:
- 2.00
- MLS#:
- 24053475
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Large 2 Family on huge yard in great location. 3 bedroom and 1 bath on the first floor. 1 bedroom apartment on the second floor. Full basement. Newer furnace. Separate entrances and utilities.
- Type:
- Single Family
- Sq.Ft.:
- 2,200
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.81 Acres
- Year built:
- 1973
- Baths:
- 2.00
- MLS#:
- 24050555
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Welcome to this beautifully updated cape cod style home set on a country road. This inviting three-bedroom, two-bathroom residence features a thoughtfully designed layout with a versatile floor plan. The primary bedroom, conveniently located on the first floor, has sliders, includes a spacious 15x11 walk-in closet and an updated full bathroom featuring a tile shower and linen closet. The kitchen has stainless appliances and a breakfast bar that is open to the dining room. The first floor also offers a formal living room with a fireplace, a den with sliders to the back deck and a separate area for your office space. There are 2 bedrooms and storage on the upper level. Other features include hardwood floors, a mudroom and a 2 car garage. Don't miss the chance to make this charming home your own-schedule a showing today!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 2.04 Acres
- Year built:
- 1932
- Baths:
- 2.00
- MLS#:
- 24051669
- Subdivision:
- N/A
ADDITIONAL INFORMATION
This Two family is in impeccable condition lovingly maintain for decades. Was once a one family converted to two units one up and one down. Shared dry basement. First floor unit can easily become a three bedroom. In an area of multifamilys over 55 rental units. Can add more rental buildings Walking distance to schools and town.
- Type:
- Single Family
- Sq.Ft.:
- 2,872
- Status:
- Active
- Beds:
- 4
- Lot size:
- 1.84 Acres
- Year built:
- 2024
- Baths:
- 3.00
- MLS#:
- 24050782
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Welcome to North Pond, Colchester's most sought-after community, centered around a tranquil 16-acre pond. Nestled on a cul-de-sac, this 3,000+/- sq. ft. colonial home on 1.84 acres is just a short walk from the pond. This newly built home offers 4 bedrooms, 2.5 bathrooms, and a back deck perfect for outdoor entertaining. Step inside to an airy, open-concept design featuring 9' ceilings on the first floor. The kitchen shines with a large wood island, quartz countertops and backsplash, a convenient pot filler, under-cabinet lighting, z-line gas stove, and energy star appliances. The great room invites you to relax by a beautiful gas fireplace, while a first-floor office provides the perfect work-from-home space. Upstairs, the primary suite features a tray ceiling, a walk-in closet, and a bathroom complete with quartz countertops and an oversized walk-in tiled shower. The second floor also hosts two additional bedrooms, a full bathroom, and a versatile bonus room or fourth bedroom, plus the convenience of an upstairs laundry room. The two-car garage is ready for the future with a high-output electric car charger hook up. Outside, you can enjoy everything North Pond has to offer-whether it's kayaking, fishing, or just walking the scenic neighborhood. Just minutes from Colchester's town center, many local restaurants, and easy access to local amenities. Located off Lebanon Ave, take Windham Ave and turn right onto North Pond Way after 1.2 miles. All room sizes are approximate.
- Type:
- Single Family
- Sq.Ft.:
- 1,800
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 23.9 Acres
- Year built:
- 2018
- Baths:
- 1.00
- MLS#:
- 24046354
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Experience your own slice of paradise with this breathtaking 23.9-acre retreat, offering ultimate privacy and tranquility. This rare gem blends nature's finest elements with a one-of-a-kind 1880s antique barn, surrounded by lush, serene beauty. Imagine waking up to the soothing sounds of a meandering stream, two captivating waterfalls, and a picturesque pond, all just steps from your door. With nearly two miles of groomed trails, enjoy relaxing walks, ATV adventures, horseback riding, and endless outdoor fun. This remarkable property offers a blank canvas to build your dream home, featuring an open floor plan with soaring 14-foot ceilings and large windows that frame breathtaking views of the lush landscape. Create the perfect space for entertaining with an exquisite chef's kitchen, complete with custom cabinetry, state-of-the-art appliances, and a spacious island that invites gatherings. The expansive primary suite promises luxury and relaxation, while every corner of this home showcases impeccable craftsmanship and attention to detail. Whether you dream of a hideaway escape, a home for entertaining, or both, this property offers limitless possibilities. You may have a lot of friends now, but once they experience this incredible estate, you'll be the go-to host for every event and the ultimate destination for all occasions. Don't miss this chance to make this extraordinary retreat your own.
- Type:
- General Commercial
- Sq.Ft.:
- 3,800
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.24 Acres
- Year built:
- 1986
- Baths:
- MLS#:
- 24048676
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Rare opportunity to own a commercial building in downtown Colchester. Zoned Industrial, commercial,mixed use. This 3800 square foot warehouse building has 2400 square feet of storage on the second floor. A desirable location is across the street from the new senior center and walking distance to shopping and restaurants. Previously used as a warehouse, it now has so many options, including retail. The front of the building is all windows for display. The rear of the building have garage doors for deliveries and drive in. The upper lever, warehouse loft, is accessible through a wide staircase and a gated overhang for fork lifting the larger items. 2 generator options, interlock switch or hardwired. Central air. This Morton steel building is very economical for heating and cooling. Owner financing may be available to a qualified buyer.
$109,900
31 Joseph Lane Colchester, CT 06415
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 4.34 Acres
- Baths:
- MLS#:
- 24041926
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Bring your builder, or buy now, build later, the hard part has been done for you! Here is a chance to live in preexisting neighborhood, on a 4.34-acre lot, with a brand new drilled well & pump, 600 feet of power installed, with 200-amp power board, trees cleared for home site and more, pea gravel driveway. Owner has 4-bedroom septic design engineered plans that were approved, even an approved home design. The lot entrance is at the end of the Cul de sac, private flag lot, absolutely lovely piece of land. Convenient to Route 2, 4 miles to grocery stores, dining, shopping, gas, and more! Not ready to build, buy now, and proceed when you prefer. Schedule your lot viewing today through Showingtime.
- Type:
- Single Family
- Sq.Ft.:
- 1,482
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.14 Acres
- Year built:
- 1880
- Baths:
- 1.00
- MLS#:
- 24039952
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Unlock the Potential of House Flipping with Flexible Seller Financing Take advantage of a unique opportunity to flip houses without the burden of traditional bank loans. This property gives you the opportunity and the convenience of seller financing, allowing you to bypass the often restrictive requirements set by conventional lenders , you can secure this property and start your next profitable renovation project with ease. Whether you're a seasoned investor or new to the world of real estate, this opportunity is designed to maximize your returns while minimizing financial hurdles. You'll have ample time-over a year-to complete your renovations, allowing you to focus on transforming the property and capitalizing on its full potential. Once the work is done, you can list the property for sale and enjoy the rewards of your efforts. Don't miss out on this chance to leverage seller financing for your next successful flip. Take the first step toward your next lucrative real estate venture! House being cleaned out now and new pics will be taken after.
$519,900
15 Jordan Lane Colchester, CT 06415
- Type:
- Single Family
- Sq.Ft.:
- 2,135
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.27 Acres
- Year built:
- 2022
- Baths:
- 3.00
- MLS#:
- 24038690
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Welcome to this stunning modern farmhouse! The exterior features a welcoming front porch that invites you to sit back and enjoy the serene surroundings. As you enter the living room you're greeted by an inviting area that exudes warmth and style. The focal point is a sleek recessed propane fireplace providing a modern yet cozy ambiance. Large windows flood the space with natural light. In this beautifully designed farmhouse, the open-concept layout seamlessly connects the kitchen,dining room,and living room,creating a spacious and inviting environment. The kitchen,with its quartz countertops and white shaker cabinets, anchors the space with modern elegance and functionality,offering ample cabinet storage to keep everything organized.The upper level presents a private serene retreat. The primary bedroom is generously sized and features two spacious closets,providing ample storage. The en-suite stall shower is fully tiled from floor to ceiling, creating a sleek and cohesive look.Two additional bedrooms on this level are perfect for family,guests,or a home office.They share a well-appointed full bath, ensuring convenience and style. The hallway is thoughtfully designed with a laundry area, making everyday chores more accessible and efficient. This home features a finished room in the basement and with the unfinished portion there is plenty of potential to expand and create even more living space.
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.01 Acres
- Baths:
- MLS#:
- 24035007
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Residential building located 5 minutes from the Colchester town center in an established neighborhood. The owner did have a home approved for the lot in 2008 but withdrew the application and all to info is in the building file at the Colchester Building Dept. Buyer would be responsible for all the testing required by the town. Colchester offers access to highways and 30 minutes or less to Hartford, New London and Norwich.
- Type:
- Single Family
- Sq.Ft.:
- 3,389
- Status:
- Active
- Beds:
- 4
- Lot size:
- 1.23 Acres
- Year built:
- 2024
- Baths:
- 3.00
- MLS#:
- 24029114
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Welcome to Colchester's finest new construction subdivision, nestled amidst 240 acres of open space, offering an unparalleled blend of luxury and comfort. This stunning home features a modern kitchen with stainless steel appliances, including a gas stove, walk-in pantry, granite counter tops and island. Sliders open to the back deck. The open-concept living room offers a propane fireplace. Formal living and dining rooms provide elegant spaces for entertaining guests and hosting dinners. A convenient mudroom with a bench ensures storage and organization. Upstairs, discover four bedrooms, including a primary bedroom with a beautiful ensuite bathroom and a walk-in closet. A large bonus room over the garage offers versatile space for a playroom, office, or additional living area. Architectural charm abounds with a balcony overlooking the foyer, enhancing the home's spacious feel. Interior details include 2 story foyer, crown molding, wainscoting, recessed lights, and gleaming hardwood floors throughout. Outside, enjoy a back deck for outdoor dining and relaxation, a covered front porch, and a paved driveway leading to a spacious 2-car garage. Additional amenities include central air conditioning for year-round comfort and a walk-out basement offering potential for additional living space or storage. Owner financing options available.
- Type:
- Single Family
- Sq.Ft.:
- 3,085
- Status:
- Active
- Beds:
- 4
- Lot size:
- 2.85 Acres
- Year built:
- 2024
- Baths:
- 3.00
- MLS#:
- 24018227
- Subdivision:
- N/A
ADDITIONAL INFORMATION
A rare opportunity in the Country Estates at Chestnut Hill, a 7 lot subdivision is ready for your dreams & visions to come alive. This 4 bed, 2.5 bath colonial w/ a 3 car garage is set to be started soon. Modern farmhouse style is coupled with rustic accents, thoughtful touches & luxurious amenities to create a one of a kind result. Set on a spacious 2.85 acre lot, & nestled in a quiet country setting. Thoughtful touches include a package foyer for all deliveries with pin-pad entry, pet food nook, 1st floor home office & hand-selected fixtures and finishes. Natural light pours in from all angles of this 3,085 square foot home creating a bright and airy look & feel, & offering stunning views of the property from every window. The primary suite boasts an oversized master bathroom with tiled shower & soaking tub, as well as double vanities. The spacious basement with high ceilings offers the potential to be finished for extra living space. In the colder months, cozy up to the gas fireplace and enjoy views of the fall foliage. The custom wood mantle was created from wooden beams from the original property is a nod to the property's rich history. Property can be totally customized based on buyers preferences with allowances for fixtures, appliances, & finishes.
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 29 Acres
- Baths:
- MLS#:
- 24013546
- Subdivision:
- N/A
ADDITIONAL INFORMATION
LAKE FRONT - Your Lakeside Paradise Awaits! Nestled on an expansive 29-acre parcel of subdividable land, this rare property boasts over 400 feet of pristine lake frontage, perfect for family gatherings, tranquil getaways, or your dream summer retreat. Wake up to the peaceful sounds of the lake and indulge in endless water activities, with water sports and motorboating allowed. With utilities in place - including an existing septic system, electrical connection, and well - this land is ready to become your personal oasis. Included with the property is a structure featuring a 2-car garage and an apartment above, complete with a full bath, sold in as-is condition, providing immediate comfort while you plan your ideal lakefront home or family compound. Key documents are available, including maps, a plot plan, soil tests, and surveys, plus identified watercourses and elevation maps. This is one of the last opportunities for direct lake access, with convenient proximity to major cities: just 2.5 hours from New York City, 1.5 hours from Boston, and 1.25 hours from Providence, RI. Don't miss your chance to own this unique lakefront property - an idyllic haven for relaxation, recreation, and lifelong memories.
$239,900
130 Nelkin Road Colchester, CT 06415
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 26.6 Acres
- Baths:
- MLS#:
- 170619890
- Subdivision:
- North Westchester
ADDITIONAL INFORMATION
An unmatched, extraordinary opportunity to own an amazing 26.6 parcel in Colchester CT. Here you can immerse yourself in nature and create your own private sanctuary. Embrace the privacy, personal space, and quiet that Colchester has to offer, without being too remote. Desired amenities like Golf Courses, Vineyards, Lakes, Shopping, Restaurants, and Entertainment are just minutes away. This is a rare opportunity for the privacy of your own land with the convenience of being close to everything you need.
$1,535,000
23 Hayward Avenue Colchester, CT 06415
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 12
- Lot size:
- 0.29 Acres
- Year built:
- 1780
- Baths:
- 9.00
- MLS#:
- 170545645
- Subdivision:
- N/A
ADDITIONAL INFORMATION
Rarely available 9 unit multifamily on Colchester town green! Currently offered at a solid 8.0% Cap Rate with tremendous upside! The main building, dating back to 1780 and known as the Joseph Isham House, exudes charm and character that is attractive to prospective tenants. This property offers a lucrative investment opportunity with well-qualified tenants and minimal vacancies, reflecting the high demand for rental properties in the thriving Colchester market. Each unit has been thoroughly renovated by current ownership while preserving some of the historical aesthetics, such as hardwood flooring and the original cupola overlooking the town. Capital improvements over the past decade include: electrical, plumbing, insulation, roof, main sewer line to street, energy efficient double pane windows, vinyl and tile flooring, drywall, fire rated steel doors, wired fire alarm system, separately metered electric panels, landscaping and tree work. The unit mix includes (1) efficiency, (5) 1-beds, (2) 2-beds, and (1) large 2-bed penthouse, each with separate and tenant paid electric water heaters and baseboard heat. Capitalize on high demand as rents continue to soar, with a rent roll that has already seen a remarkable 15% increase from 2022. Don't miss out on this one-of-a-kind opportunity and a chance to outperform most multifamily investments!
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