224 Shore Road Old Lyme, CT $ 1,250,000
224 Shore Road
$ 1,250,000
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224 Shore Road

Old Lyme, CT, 06371
$ 1,250,000
Bedrooms4 Baths2.0 Sq 1,698

Monthly Estimate*

$ 7,798

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Multi-Family Home for sale in Old Lyme, CT

for $1,250,000 with 4 bedrooms and 2 full baths. This 1,698 square foot home was built in 1928 on a lot size of 1.7.

Investment Opportunity! Multi use property. Approved Permit for Storage Units. The "holy grail" of passive income! Property includes a Multi family house with 2 rental units in place and monthly income of approx $3400/ month. Back portion of lot permitted for up to 14,000 Sq Ft of storage units with office space. Full approval and plans for four storage buildings ranging in size from 1800-4200 sq ft. One of four buildings to have a shop/office. This is the last available space in Old Lyme in which storage space can be built. Easy to build on, level open space. Sit back and earn money! Buyer/Buyer's agent to do due diligence. Permits are valid for 9 years with an option to extend past that an additional 5 years. See also commercial MLS#24124118

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Multi-Family Active

Price

$ 1,250,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,225

Style

Lot Size

1.7

Year Built

1928

Town/City

Old Lyme

MLS | Web ID

24125637

Features
General
Zoning C-30
Neighborhood N/A
County New London
Tax Year July 2025-June 2026
Property Type Multi-Family For Sale
Status Active
Acres 1.7
Directions GPS friendly
High School Lyme-Old Lyme
City Old Lyme
Elementary School Mile Creek
Sq Ft Total 1698
DOM 27
Year Built 1928
Style Units on different Floors
Year Built Source Public Records
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Interior
Cooling System None
Total Number of Units 2
Total Rooms 8
Basement Description Partial Unfinished
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Exterior
Water Source Public Water Connected
Lot Description Level Lot
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* Excluded Features
List By
Jodi Serapilia

Listing Agent

William Raveis Real Estate

Broker

jodi.serapilia@raveis.com

Email

Affordability Calculator

$8,067
Per Month
97%
3%
0%
Monthly Principal & Interest
$7,798
Monthly Property Taxes
$269
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
1988390 Elementary School
1712633 Middle School
Lyme-Old Lyme High School High School
Pricing History
DatePricePrice ChangeDescription
9/10/2025$1,250,000 Listed Price

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224 Shore Road, Old Lyme, CT, 06371 is a Multi-Family Home for sale at $1,250,000 with 1,698 sqft and a lot size of 1.7. 224 Shore Road has 4 bedrooms, 2.0 baths, and was built in 1928. The property's zip code is 06371 which is in Old Lyme, CT