837 Bank St

Off Market

837 Bank St

New London CT 06320

2478 sq. ft.

0.11 ac.

Duplex

Last sold for $460,000

Stephano Stravoravdis, last sold this property on 07 October 2026 after 85 days on market.

Overview

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 potential, and an excellent opportunity to add a quality asset to your portfolio. Come take a look and see why this property deserves your attention.

Features

5 bedrooms

4 bathrooms

2478 sq. ft. floor area

0.11 ac. lot size

Duplex

Estimated Value

Based on this property and similar 5 bedroom duplexes sold in New London over the last 12 months, the estimated median property value of 837 Bank St is $416.63k.

Median value

$416.63k

Estimated value range

$225k - $495k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in New London. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 837 Bank St

2026

Sold

$460,000

07 Oct 2026 by Stephano Stravoravdis, of Real Broker CT, LLC

2021

Sold

$199,000

15 Oct 2021 by Jill Lundgren, of CENTURY 21 Shutters & Sails

2018

Sold

$150,000

20 Feb 2018 by Matthew Vieira, of Compass Connecticut, LLC

Happy sellers in New London

96%

96% of sellers in New London reported that their sale price either exceeded or met their price expectations.

New London stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in New London over the last 12 months.

Local market activity for 5 bedroom duplexes in New London

In the last 12 months, 7 five-bedroom duplexes similar to 837 Bank St, have been sold.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in New London for a market analysis.

Carlos Luque

at Luque Realty LLC

(36 reviews)

Get a market analysis

Kristopher Tramont

at Real Broker, LLC

(152 reviews)

Get a market analysis

Geoff Hausmann

at REMAX On the Bay | Niantic

(64 reviews)

Get a market analysis

Bill Heenan

at The Bill Heenan Team

(45 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in New London

Carlos Luque

Carlos Luque is an award winning recommended agent for New London. They have 4 local sales and collected 6 local reviews across the last 12 months.

5 (36 reviews)
6 Reviews in New London
4 Sales in New London

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Kristopher Tramont

Sellers who recommend Kristopher Tramont have praised them for being local expert, clear communication, responsive, proactive, strategic, honest, and supportive

5 (152 reviews)
4 Reviews in New London
5 Sales in New London

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Geoff Hausmann

Sellers who recommend Geoff Hausmann have praised them for being local expert, patient, clear communication, reliable, friendly, dedicated, and supportive

5 (64 reviews)
3 Reviews in New London
5 Sales in New London

View profile

Bill Heenan

Sellers who recommend Bill Heenan have praised them for being local expert, responsive, supportive, great team, stress-free process, well-prepared, and reliable