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: $525000
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Tax Information
Parcel Number: 1999476 Annual Tax: $3800
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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 |
|---|---|---|---|---|---|
| 53-55 Bank Street, New London, CT, 06320 | $1,625,000 | 5 | -- | 7,668 | 7,668 SqFt |
| 153 Bank Street, New London, CT, 06320 | $1,725,000 | 6 | 6 | 12,470 | 12,470 SqFt |
| 147 Bank Street, New London, CT, 06320 | $1,350,000 | 3 | 3 | 8,701 | 8,701 SqFt |
| 35 Union Street, New London, CT, 06320 | $13,000,000 | 61 | 81 | 75,075 | 75,075 SqFt |
| 96 Blinman Street, New London, CT, 06320 | $350,000 | 4 | 2 | 2,346 | 2,346 SqFt |
| 205 Crystal Avenue, New London, CT, 06320 | $250,000 | 8 | 3 | 2,272 | 2,272 SqFt |
| 89 Hempstead Street, New London, CT, 06320 | $350,000 | 3 | 2 | 1,330 | 1,330 SqFt |
| 71 Blackhall Street, New London, CT, 06320 | $349,900 | 4 | 3 | 1,564 | 1,564 SqFt |
| 57 Garfield Avenue, New London, CT, 06320 | $350,000 | 4 | 2 | 2,244 | 2,244 SqFt |
| 49 Chappell Street, New London, CT, 06320 | $550,000 | 8 | 4 | 5,000 | 5,000 SqFt |
Similar Multifamily To 837 Bank Street
Nearby For Sale
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ByOwner last updated this listing 07/18/2026 @ 02:42
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