224 Shore Road, Old Lyme, CT 06371

Old Lyme
Local realty services provided by:Better Homes and Gardens Real Estate Gaetano Marra Homes
224 Shore Road,Old Lyme, CT 06371
$1,250,000
  • 4 Beds
  • 2 Baths
  • 1,698 sq. ft.
  • Multi-family
  • Active
Listed by: jodi serapilia, jaime dasilva(860) 919-7402
Office: william raveis real estate
MLS#:24125637
Source:CT

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$736.16

About this home

Investment Opportunity! Multi use property. Approved Permit for Storage Units. The "holy grail" of passive income! Property includes a Multi family house with 2 rental units in place and monthly income of approx $3400/ month. Back portion of lot permitted for up to 14,000 Sq Ft of storage units with office space. Full approval and plans for four storage buildings ranging in size from 1800-4200 sq ft. One of four buildings to have a shop/office. This is the last available space in Old Lyme in which storage space can be built. Easy to build on, level open space. Sit back and earn money!

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Home facts

  • Year built:1928
  • Listing ID #:24125637
  • Added:197 day(s) ago
  • Updated:March 20, 2026 at 11:33 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:8
  • Basement Description:Partial, Unfinished
  • Living area:1,698 sq. ft.

Heating and cooling

  • Heating:Hot Water

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1928
  • Building area:1,698 sq. ft.
  • Lot area:1.7 Acres
  • Lot Features:Level Lot
  • Construction Materials:Vinyl Siding

Schools

  • High school:Lyme-Old Lyme
  • Elementary school:Mile Creek

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$736.16
  • Tax amount:$3,225 (July 2025-June 2026)
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