837 Bank Street, New London, CT 06320

New London
Local realty services provided by:Better Homes and Gardens Real Estate Gaetano Marra Homes
837 Bank Street,New London, CT 06320
$499,900
  • 5 Beds
  • 4 Baths
  • 2,478 sq. ft.
  • Multi-family
  • Pending
Listed by: stephano stravoravdis(860) 801-2087
Office: real broker ct, llc(860) 884-9511
MLS#:24191023
Source:CT

Price summary

  • Price:$499,900
  • Price per sq. ft.:$201.74

About this home

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.

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Home facts

  • Year built:1893
  • Listing ID #:24191023
  • Added:62 day(s) ago
  • Updated:September 14, 2026 at 11:55 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:9
  • Basement Description:Full Basement
  • Living area:2,478 sq. ft.

Heating and cooling

  • Cooling:Window Unit
  • Heating:Hot Air

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1893
  • Building area:2,478 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:City Views
  • Construction Materials:Aluminium

Schools

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

Utilities

  • Water:Public Water Connected
  • Sewer:Public Sewer Connected

Finances and disclosures

  • Price:$499,900
  • Price per sq. ft.:$201.74
  • Tax amount:$3,786 (July 2026-June 2027)
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