129 Valley Street
Windham, Connecticut 06226
Reduced from $375,000
- Beds
- 7
- Baths
- 4
- SqFt
- 3,963
- Acres
- 0.25
- Year Built
- 1870
- Neighborhood
- Willimantic
- Property Type
- Multi-Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
Mixed-use investment property with multiple income streams and strong value-add potential. The property is zoned B-1A and currently configured with two occupied residential units generating income, plus two additional gutted residential units with plumbing in place, ready for build-out. The property also includes a commercial storefront with a separate entrance, offering flexibility for a variety of permitted uses. B-1A zoning may allow for additional residential units, subject to municipal approvals. Additional income opportunities include four dedicated storage spaces, ideal for ECSU students or nearby tenants, two garage bays, and an on-site parking lot, all of which convey with the property. Current NOI is approximately $38,291, with substantial upside through completion of the two remaining residential units. Property is being sold as-is. Rent roll and financials available upon request.
Key Facts
- City/Town
- Windham
- Neighborhood
- Willimantic
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1870
- Days on Market
- 263 days
- Beds
- 7
- Baths
- 4 full
- Living Area
- 3,963 sq ft
- Lot Size
- 0.25 acres
- Garage / Parking
- 2 garage · 10 total
- Property Taxes
- $4,178 / Annually
Market Snapshot
The Windham Market
Multi-Family · trailing 12 months
Active Listings
4
2 under contract
Median List Price
$312,500
4 active listings
Median Closed Price
$323,000
25 sales
Median Days on Market
55
4 active listings
Median $ / Sq Ft
$139
4 active listings
Sale-to-List Ratio
100.0%
25 sales
How this home compares
List Price
$275,000
vs $312,500 median
12.0% below median
Price / Sq Ft
$69
vs $139 median
50.4% below median
Days on Market
263 days
vs 55 days median
208 days longer than median
Based on 4 active and 25 closed sales (trailing 12 mo) of multi-family in Windham. Source: SmartMLS · As of July 28, 2026.
Location
129 Valley Street, Windham, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$1,402
- Property Taxes$348
- Insurance$92
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Windham
- Neighborhood
- Willimantic
- County
- Windham
Residence
- Property Type
- Multi-Family
- Subtype
- Other
- Style
- Units on different Floors
- Year Built
- 1870
- New Construction
- No/Resale
- Living Area
- 3,963 sq ft
Schools
- Elementary
- W.B. Sweeney
- High
- Windham
Interior
- Heating
- Gas on GasWall Unit
- Cooling
- None
- Basement
- None
Exterior & Lot
- Lot Size
- 0.25 acres
- Zoning
- B1A
- Garage / Parking
- 2 garage spaces10 total parking spacesAttached GaragePaved
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Roof
- Asphalt ShingleFlat
- Foundation
- Concrete
- Lot Description
- Corner Lot
Listing & Financials
- Property Taxes
- $4,178 / Annually
- Days on Market
- 263
- MLS #
- 24138836
- MLS Status
- Under Contract
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 7/28/2026 at 6:15 AM UTC.