Excellent investment opportunity in New London! This tenant-occupied three-family property offers strong potential for investors seeking a multi-unit asset in a desirable coastal community. Each unit benefits from separate utilities, providing convenience and straightforward expense management. With established tenants and a versatile three-unit layout, this property offers an opportunity to build long-term rental income and value. Conveniently located near Downtown New London, offering restaurants, cafes, boutiques, galleries, nightlife, and local businesses. Close to the waterfront, marinas, boating, fishing, and Ocean Beach Park. Easy access to I-95 and Route 32 provides convenient commuting throughout southeastern Connecticut and into Rhode Island and Massachusetts. Near Connecticut College, Mitchell College, Lawrence + Memorial Hospital, schools, shopping, and everyday amenities. Convenient access to New London Union Station and the Cross Sound Ferry Terminal, with Mystic just a short drive away. Don't miss this opportunity to add a well-located three-family property to your investment portfolio!
Fully renovated mixed-use property in the heart of New London featuring two commercial spaces and a spacious 2-bedroom apartment. Major updates include a new roof, HVAC, plumbing, and electrical. Turnkey opportunity with multiple income streams and strong visibility. (Buyer to do own due diligence with zoning for permitted uses). One commercial space is ready for occupancy, previously was a barber shop and flower shop.
Unique Opportunity! Excellent Condition! Well-maintained and thoughtfully updated two-family home featuring generous-sized three-bedroom units with a welcoming front porch. Both units offer formal dining rooms with beautiful coffered ceilings and built-in hutches, adding character and charm. Updated kitchens provide modern convenience, while the second-floor unit also features an enclosed sunroom. A walk-up attic offers excellent potential for additional living space, with two finished rooms already in place. Separate utilities, Thermopane windows, newer boilers, updated electrical, and a full basement with laundry hookups add to the home's functionality and appeal. Enjoy the beautiful rear yard, featuring a charming sidewalk beneath a grape arbor leading to a separate lot on Moran Street, complete with a three-car garage. A rare combination of character, updates, flexible space, and exceptional outdoor amenities.
Spectacular Two Family that shows like New!! Check out those Pics & our VR Tour! Two Units / Unit 1 consists of 2Brs & 1Bth / Unit 2 consists of 4Brs & 2Bths / New Kitchens / New Bathrooms / Gleaming Hardwoods / Fresh Paint / Separate Utilities / Two Car Tandem Garage / Full Basement / Terrific Front & Upper Porch / Vinyl Siding / Newer Roof & Natural Gas Boilers. Welcome FHA & VA Buyers! We are always here to help!
Investors, take notice. 837 Bank Street in New London offers the potential for an estimated 12-15% cap rate based on prior rental income, making it a property well worth considering for your next buy-and-hold investment. Three of the four units are renovated one-bedroom, one-bath apartments, while the standout fourth unit is a spacious townhouse-style residence featuring four bedrooms with additional living space in the finished attic. Each unit is separately metered, and one of the biggest advantages is the property's relatively low taxes for the area, helping maximize rental income and strengthen the overall return on investment. Conveniently located on Bank Street between New London and Waterford and along the bus line, this multifamily offers a desirable unit mix, strong income potential, and an excellent opportunity to add a quality asset to your portfolio. Come take a look and see why this property deserves your attention.
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.
Historically designated but all new from inside to out. Beautifully re-done with new kitchens, granite counters, new appliances and shiny like new re-furbished wood floors. Stay cool in the summer with newer split-system AC. Great investment or live in one, with 2nd unit helping with the mortgage. Basement has potential as almost completely finished. Walking distance to train, Courthouse, park and under construction new Coast Guard Museum. Short ride to the beach. Enjoy the great selection of restaurants in downtown New London. Walk or bicycle to EB for work.
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. Aerial Footage: https://tinyurl.com/147-153bankstreet
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.
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.
