Price Reduced 4.55%

$524,900 ($218.71 per sqft)

Est. Mortgage $2,689/mo *

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Price History

$549,900
12/6/2024

$534,900
2/25/2025

$524,900
4/10/2025

205 Shaw Street, New London, CT, 06320

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13 rooms

9 beds

4 Full baths

1900

Units on different Floors

2,400 sqft

Attention investors! 205 Shaw Street is a value-add 4-family investment property offering immediate cash flow over an 8.2 cap with potential to stabilize over a 9.5 CAP. This prime value-add opportunity features full occupancy, with recent renovations in all four units. Basement unit and Unit 2 are completely renovated featuring brand-new vinyl flooring, stainless steel appliances, and modern finishes, appealing to today's renters. Located in a high-demand area with steady rent growth, it's just 3 miles from the Groton Submarine Base, local beaches, and universities, and only a 15-minute commute to Electric Boat. Situated one block from a brand-new luxury apartment complex, this property guarantees strong rental demand. Whether you're looking to build your portfolio or live mortgage-free with rental income covering your expenses, 205 Shaw Street is a rare opportunity to own an asset with strong upside in a thriving market.

Status:

Active

Type:

Multi-family

Units:

Zoning:

R-2

Heating:

Hot Air

Cooling:

None

Basement:

Full, Apartment

Acreage:

0.15

Est. Taxes:

$4,362

Assessment

$158,600

Lot Description:

Corner Lot

Elementary School:

Harbor

High School:

New London

Days on Market:

117

MLS #:

24063083

Community Info

School Info

Walk Score

Mass Transit

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Price History

205 Shaw Street, New London, CT, 06320

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