Active

59 School Street

Groton, CT 06340

$440,000 $1,855/Mo

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Overview

Bed

Bath

2,069

Sqft

0.26

Acre(Lot)

Description

Opportunity awaits in the heart of Groton City's historic Groton Bank neighborhood! This three-family property is filled with timeless charm, featuring high ceilings, original character, and seasonal water views of the Thames River. Rich in architectural character, this property presents an excellent opportunity for investors or owner-occupants looking to restore and add value. Significant improvements include a new roof (2022), updated boiler (2025), and electrical updates completed after the current owner purchased the property. Conveniently located just minutes from Electric Boat, Pfizer, the Submarine Base, downtown Groton, shopping, dining, parks, and other local amenities. Bring your vision and restore this character-filled property, preserving its historic charm while creating an ou tstanding investment or owner-occupied opportunity in a desirable location. Home is being sold as-is and may not qualify for all types of financing.

Property Details

Property Type : Residential Income

Price : $440,000

AD Id : 87536501

MLS Id : 24188774

Beds : 3

Lot Size : 0.26 Acre

Living Area Size : 2,069

Year Built : 1851

County : New London

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 3

Bathroom Information

Total Baths: 3 Full Baths: 3

Room Information

Rooms Total: 8 Has Basement: Yes Basement: Full
Roofing Information

Asphalt
Interior Features

Roof: Asphalt Window Features: Storm Window(s)
Heating & Cooling

Has Heating: Yes Heating: Oil, Steam Cooling: None

Building Information

Year Built: 1851 Building Area Total: 2069 Construction Materials: Asbestos, Frame Patio And Porch Features: Porch Private Pool: No Water front Features: Beach Access View: Water

Lot Information

Lot Size Acres: 0.26 Lot Description: Sloped

Listing Price Information

Listing Price: $440000

Tax Information

Parcel Number: 1949588 Annual Tax: $4999

Parking Information

Parking Total: 2 Asphalt, Off Street, Paved, Driveway

School Information

Elementary School: Per Board of Ed

Junior High School: Groton Middle School

Senior High School: Fitch Senior
Location Information

Direction: Thames Street south to right onto School St WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
132 Ring Drive, Groton, CT, 06340	$429,000	4	2	1,904	1,904 SqFt
68 School Street, Groton, CT, 06340	$459,900	4	2	2,506	2,506 SqFt
1320 Route 12, Groton, CT, 06340	$587,000	4	4	2,406	2,406 SqFt

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

ByOwner last updated this listing 07/07/2026 @ 00:22

MLS: 24188774 LISTED BY: Paula Turley, CR Premier Properties SOURCE: SmartMLS