Rare opportunity to own The Crocker House, a landmark mixed-use investment property anchoring the corner of Union and State Streets in downtown New London. Originally constructed in 1872 as a five-story luxury hotel and thoughtfully maintained over the years, this iconic red-brick building offers three distinct income streams under one roof: 81 residential apartments (studios, one- and two-bedroom units), 7 ground-floor commercial spaces, and a beautifully restored Grand Ballroom. Recent improvements include updated kitchens, modern flooring, elevator service to all floors, and convenient on-site laundry facilities on every level. Select upper-floor apartments offer sweeping views of the Thames River and downtown harbor. Ideally situated just steps from Union Station (Amtrak and Shore Line East), the waterfront, and City Pier, the property is also minutes from General Dynamics Electric Boat, the U.S. Coast Guard Academy, Pfizer, and Connecticut College. Located within the historic downtown district of New London, The Crocker House represents a true trophy asset blending diversified income, long-term investment stability, and irreplaceable historic character in one of southeastern Connecticut's most recognizable buildings.
Fully rented, cash flowing 3-family home in a convenient location. This multifamily works well as an investment and also for an owner occupant. Each unit features spacious living areas and hardwood floors throughout, offering a warm and classic feel. All units are all-electric with separate utilities - making billing simple and keeping expenses in each tenant's hands. Attic space presents exciting potential for future expansion or additional storage.This property has solid rental flow as is with the current rents totaling 4,400. The as is caprate is 9.37. The new owner could also take advantage of the co-living trend that many landlords in New London area have been utilizing a rent out each room for 700$-800$ per month. Whether you're an investor looking for rental income or an owner occupant seeking to live in one unit, this property is a match. Don't miss this opportunity in a prime New London location!" Seller looking for an "as is" sale.
Attention Investors ! Don't miss this three-family property in the heart of New London, with easy access to I-95. Major updates include a 6-year-old roof, newer windows, vinyl siding, and a brand-new baseboard heating and hot water system (2024). The 1st and 2nd floor units each offer one bedroom with potential to convert back to two, while the 3rd floor features two bedrooms - creating real upside for increased rental income. The finished walk-up attic presents an exciting opportunity to add another bedroom or 4th unit, maximizing your return. Separate utilities, gas heat, and new appliances on the 2nd and 3rd floors add convenience and tenant appeal. Schedule your private tour today and secure this income-producing asset!
INVESTORS TAKE NOTE! Prime 3-Family Property Opportunity. Offers excellent potential for investors or owner-occupants looking to build equity. Featuring separate utilities, the property includes two new natural gas heating systems, updated electrical with three new circuit breaker panels, new PEX plumbing, and new windows. Renovations are already underway with additional materials on-site, including two new shower enclosures, toilets, and more, providing a great head start for the next owner. 1st & 2nd Floors: Each unit features 2 bedrooms, a living room, eat-in kitchen, laundry area, and porch. Basement Unit: 1-bedroom efficiency apartment. Ideally situated near major employers and attractions, including the U.S. Coast Guard Academy, Naval Submarine Base New London, Electric Boat, as well as downtown New London with its shops, restaurants, train station, Ocean Beach Park, and the Cross Sound Ferry. Sold AS-IS. A fantastic opportunity for contractors and seasoned investors to complete the renovation and maximize returns.
Historically designated but all new from inside to out. Beautifully re-done. Live in one, or previously first floor had been an office. Basement has potential as almost completely finished. Walking distance to train, EB and Courthouse. Great location for investor also.
Fully leased, mixed-use property located in the heart of downtown New London. This 11,894 SF, 2 story building has a 3,193 SF commercial space on the 1st floor and 3 apartments on the 5,508 SF second floor. There is a 3,193 SF basement. The apartments have high ceilings, large windows and beautiful views of the Thames River. Building was fully renovated in 2017. NOI approximately $76,536. Contact office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 153 Bank Street for a total of 6 commercial units and 17 Apartments.
Mixed-use property with 4 commercial units and 6 apartments located in the heart of downtown New London. This 17,378 SF, 3 story building has 4 commercial units in 3,942 SF on the ground level SF commercial and 6 apartments on the 7,884 SF second and third floors. There is a 3,942 SF basement. NOI approximately $117,227. Two of the commercial units are recently available so there is room to increase NOI. Contact office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.
Mixed use property with 1 commercial unit and 8 apartments located in the heart of downtown New London. This 10,636 SF, 3 story building has 1 commercial 2,556 SF unit on the ground level. Formerly 'Diamond Pizza' the restaurant space is currently available and turnkey-ready with F,F&E. There are 8 apartments on the 5,112 SF second and third floors. There is a 2,556 SF basement. NOI approximately $107,329. Room to increase NOI leasing the commercial unit which had been paying $3,075 / month. Contact office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 153 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.
Investor or Owner Occupied! ** SEPARATE UTILITIES** Well-maintained four-family property located near Ocean Beach Park and Harkness Memorial State Park. Property includes four units, with recent updates throughout. All units are in good condition and all tenants pay their own heating and electric. Unit 3 is renovated with a brand new kitchen, including new flooring, cabinets, and appliances. Unit 1 has a new water heater. ** NEW ROOF. Vinyl Windows. Tenants pay all utilities. Owner pays for water/sewer and apx $40/m for gas stove. This property offers potential for owner-occupants or investors. Conveniently located near parks, shoreline, and area amenities.
New London is located in Connecticut. New London, Connecticut has a population of 27,585. New London is less family-centric than the surrounding county with 24.13% of the households containing married families with children. The county average for households married with children is 27.48%.
The median household income in New London, Connecticut is $50,819. The median household income for the surrounding county is $79,040 compared to the national median of $69,021. The median age of people living in New London is 32.8 years.
The average high temperature in July is 80.7 degrees, with an average low temperature in January of 21 degrees. The average rainfall is approximately 50.1 inches per year, with 25.7 inches of snow per year.
