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40 Pearl Street New London, CT $ 1,500,000
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$ 1,500,000 Get more info
40 Pearl Street
$ 1,500,000
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Share Save

40 Pearl Street

New London, CT, 06320
$ 1,500,000
Bedrooms-- Baths1.0 Sq 9,366

Monthly Estimate*

$ 9,358

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Commercial Property for sale in New London, CT

for $1,500,000 with 1 full bath. This 9,366 square foot building was built in 1895 on a lot size of 0.09.

Very well maintained 12 Unit multi-family property in the heart of downtown New London. All units are 1 bedroom with 1 bathroom. Total square footage is 9,366. Three stories with basement. Heat and hot water included in the rent. Laundry room on site. Water views from some units. NOI approximately $107,720. CAP rate: 7. Close proximity to restaurants, bars and shops. Room to increase NOI.

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Commercial Contingent

Price

$ 1,500,000

Full Bath

1

Property Type

Commercial

Taxes

$ 13,889

Style

Lot Size

0.09

Year Built

1895

Town/City

New London

MLS | Web ID

24131150
Features
General
Zoning CBD-2
Neighborhood N/A
County New London
Tax Year July 2025-June 2026
Location Highway Access
Property Type Commercial For Sale
Status Under Contract
Acres 0.09
Directions GPS Friendly.
City New London
Sq Ft Total 9366
DOM 18
Year Built 1895
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Interior
Utilities Available Electric Available Phone Available
Cooling System None
Total Number of Units 12
Total Rooms 0
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Exterior
Water Source Public Water Connected
Lot Description Dry
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* Excluded Features
List By
Constance Howard

Listing Agent

U.S. Properties Real Estate Services, Llc

Broker

chowardusp@gmail.com

Email

Affordability Calculator

$10,515
Per Month
89%
11%
0%
Monthly Principal & Interest
$9,358
Monthly Property Taxes
$1,157
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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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/3/2025$1,500,000 Listed Price

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40 Pearl Street, New London, CT, 06320 is a Commercial Property for sale at $1,500,000 with 9,366 sqft and a lot size of 0.09. 40 Pearl Street has 1.0 baths and was built in 1895. The property's zip code is 06320 which is in New London, CT

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