837 Bank Street
New London, CT 06320
5
Bed
4
Bath
2,478Sqft
0.11Acre(Lot)
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 potenti
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 4 Full Baths: 4Room Information
Rooms Total: 9 Has Basement: Yes Basement: Full -
Roofing Information
Asphalt -
Interior Features
Roof: Asphalt -
Heating & Cooling
Has Heating: Yes Heating: Electric, Forced Air Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1893 Building Area Total: 2478 Construction Materials: Aluminum Siding, Frame Private Pool: No View: City
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Lot Information
Lot Size Acres: 0.11
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Listing Price Information
Listing Price: $499900 Original Price: $525000
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Tax Information
Parcel Number: 1999476 Annual Tax: $3786
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School Information
Elementary School: Per Board of EdJunior High School:Senior High School: Per Board of Ed -
Location Information
Direction: Turn onto Bank St. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 153 Bank Street, New London, CT, 06320 | $1,725,000 | 6 | 6 | 12,470 | 0.18 Acre |
| 147 Bank Street, New London, CT, 06320 | $1,350,000 | 3 | 3 | 8,701 | 0.09 Acre |
| 35 Union Street, New London, CT, 06320 | $13,000,000 | 61 | 81 | 75,075 | 0.65 Acre |
| 82 Maple Avenue, New London, CT, 06320 | $1,700,000 | 20 | 12 | 8,732 | 0.34 Acre |
| 20 Reed Street, New London, CT, 06320 | $325,000 | 5 | 3 | 3,134 | 0.14 Acre |
| 198 Montauk Avenue, New London, CT, 06320 | $715,000 | 5 | 3 | 2,369 | 0.17 Acre |
| 77 Truman Street, New London, CT, 06320 | $480,000 | 2 | 4 | 3,410 | 0.10 Acre |
| 144 Montauk Avenue, New London, CT, 06320 | $650,000 | 8 | 4 | 3,309 | 0.11 Acre |
| 35 Moore Avenue, New London, CT, 06320 | $479,900 | 6 | 3 | 2,420 | 0.11 Acre |
| 14 Blackhall Street, New London, CT, 06320 | $375,000 | 6 | 2 | 2,004 | 0.11 Acre |
Similar Multifamily To 837 Bank Street
Nearby For Sale
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 09/01/2026 @ 04:25
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