53-55 Bank Street, New London, CT 06320

New London
Local realty services provided by:Better Homes and Gardens Real Estate Executive Real Estate
53-55 Bank Street,New London, CT 06320
$1,625,000
  • 5 Beds
  • - Baths
  • 7,668 sq. ft.
  • Multi-family
  • Active
Listed by: constance howard(615) 293-3878
Office: u.s. properties real estate services, llc(860) 691-2011
MLS#:24157233
Source:CT

Price summary

  • Price:$1,625,000
  • Price per sq. ft.:$211.92

About this home

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.

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Home facts

  • Year built:1897
  • Listing ID #:24157233
  • Added:102 day(s) ago
  • Updated:June 30, 2026 at 01:59 AM

Rooms and interior

  • Bedrooms:5
  • Rooms Total:5
  • Basement Description:Full Basement, Unfinished
  • Living area:7,668 sq. ft.

Heating and cooling

  • Cooling:Split System
  • Heating:Heat Pump

Structure and exterior

  • Year built:1897
  • Building area:7,668 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Level Lot
  • Construction Materials:Brick

Schools

  • High school:Per Board of Ed
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water In Street
  • Sewer:Public Sewer In Street

Finances and disclosures

  • Price:$1,625,000
  • Price per sq. ft.:$211.92
  • Tax amount:$23,446 (July 2025-June 2026)
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