31 Grand Street New London, CT $ 315,000
31 Grand Street
$ 315,000
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31 Grand Street

New London, CT, 06320
$ 315,000
Bedrooms4 Baths2.0 Sq 1,666

Monthly Estimate*

$ 1,940

31 Grand Street, New London, CT 06320 - Image 1
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Multi-Family Home for sale in New London, CT

for $315,000 with 4 bedrooms and 2 full baths. This 1,666 square foot home was built in 1912 on a lot size of 0.11.

AN INVESTORS DREAM! This well-maintained two-unit multifamily property offers an excellent opportunity for investors seeking stable income and long-term value. Both units are currently occupied by reliable tenants on active leases, providing immediate cash flow from day one. Unit 2 was recently turned over and features fresh paint throughout, gorgeous flooring, and abundant character that enhances its overall charm and appeal. The updates create a bright, inviting living space while preserving the property's unique personality. The home also benefits from an active solar lease, helping to offset energy costs and support efficient living. With strong tenancy, thoughtful updates, and solid fundamentals, this property is a smart addition to any investment portfolio. Photos are of newly turned over Unit 2 before new tenants in September. Professional photography coming later this week!

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Multi-Family Coming Soon

Price

$ 315,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,921

Style

Lot Size

0.11

Year Built

1912

Town/City

New London

MLS | Web ID

24148436

Features
General
Zoning C-1
Neighborhood N/A
County New London
Tax Year July 2025-June 2026
Property Type Multi-Family For Sale
Status Coming Soon
Acres 0.11
Directions GPS Friendly
High School Per Board of Ed
City New London
Elementary School Per Board of Ed
Sq Ft Total 1666
Year Built 1912
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 Full Full With Hatchway
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Exterior
Water Source Public Water Connected
Lot Description Level Lot
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* Excluded Features
List By
Amanda Lamborn

Listing Agent

Compass Connecticut, Llc

Broker

amanda.lamborn@compass.com

Email

Affordability Calculator

$2,183
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,940
Monthly Property Taxes
$243
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3092524 Elementary School
1232933 Middle School
Per Board of Ed High School High School
Pricing History
DatePricePrice ChangeDescription
1/12/2026$315,000 Listed Price

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31 Grand Street, New London, CT, 06320 is a Multi-Family Home for sale at $315,000 with 1,666 sqft and a lot size of 0.11. 31 Grand Street has 4 bedrooms, 2.0 baths, and was built in 1912. The property's zip code is 06320 which is in New London, CT