For Sale

Listed by Stephano Stravoravdis

Source: SmartMLS Connecticut #24191023

837 Bank St, New London, CT, 06320

$525,000

5
4
2478 sq. ft.
0.11 ac.

Duplex

1 day on the market

What's around 837 Bank St

About this property

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.

Looking for more information on 837 Bank St?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

Pending
$260,000
30 Chappell St
New London CT 06320
5
3
2
Duplex
Listing courtesy of William Raveis Real Estate
Under Contract
$655,000
190 Montauk Ave
New London CT 06320
5
3
10
Duplex
Listing courtesy of REMAX On the Bay | Niantic
For Sale
$685,000
198 Montauk Ave
New London CT 06320
5
3
12
Duplex
Listing courtesy of REMAX On the Bay | Niantic

Other properties for sale by Real Broker CT, LLC

For Sale
$250,000
205 Crystal Avenue
New London CT 06320
8
3
Duplex
Listing courtesy of Real Broker CT, LLC
For Sale
$190,000
132 Main Street
Baltic CT 06330
6
3
4
Duplex
Listing courtesy of Real Broker CT, LLC
Under Contract
$415,000
4 Stevens Avenue
Ledyard CT 06339
4
2
Single-Family
Listing courtesy of Real Broker CT, LLC

Browse properties sold in nearby areas

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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent