Recently Listed Open House 3/15 1pm - 3pm
32 Cedar Lane
Montville, CT, 06382 $ 550,000
Bedrooms6 Baths3.0 Sq 2,654 Monthly Estimate*
$ 3,386
for $550,000 with 6 bedrooms and 3 full baths. This 2,654 square foot home was built in 1958 on a lot size of 0.44.
Rare income-producing property featuring two separate ranch-style homes on one lot, located approximately 1/4 mile from Mohegan Sun. Positioned on a quiet dead-end street, this asset benefits from strong year-round rental demand driven by tourism, entertainment, and highway access. The front residence offers approximately 1,000 sq ft, 3 bedrooms, 1 bath, central air, a fireplace, and a whole-house generator. The finished lower level includes a private entrance, an additional bedroom, a full bath, a kitchen, and a living area-creating a second rentable space and immediate dual-income potential. The 850 SF rear home operates as a fully independent dwelling with a living room, kitchen, bedroom, office space, central air, a private septic system, and a deck. Its separation and dedicated access make it well-suited for short-term rental or long-term tenancy. Separate driveways enhance privacy and flexibility for multiple occupants. An attached two-car garage adds additional utility and potential rental premium. Location, layout, and scalability combine to create a rare multi-stream income opportunity in a high-demand corridor.
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Open House
3/15/2026 1:00 PM - 3:00 PM
32 Cedar Lane Montville, CT
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralZoning R20
Neighborhood Uncasville
County New London
Tax Year July 2025-June 2026
Property Type Multi-Family For Sale
Status Active
Acres 0.44
Directions GPS Friendly
High School Per Board of Ed
City Montville
Elementary School Per Board of Ed
Sq Ft Total 2654
DOM 1
Year Built 1958
Style Units on different Floors Units are Side-by-Side
Year Built Source Public Records
Handicap Features Multiple Entries/Exits
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InteriorCooling System Central Air
Total Number of Units 3
Total Rooms 12
Basement Description Full Full With Walk-Out
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ExteriorWater Source Private Well
Lot Description Sloping Lot On Cul-De-Sac
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* Excluded FeaturesList ByMaria PhillipsListing Agent
William Raveis Real EstateBroker
maria.phillips@raveis.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,386
- Monthly Property Taxes
- $584
- 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.
Learn more about how to save NearbyMulti-family listings in Montville, CT
Average List Price $409,000
Percent of Sale Price 26%
About Montville, CT 19,406 Population
5% Since 2002
$ 71,700 Median Income
42.46 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
3092524 Elementary School
1232933 Middle School
Per Board of Ed High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/11/2026 | $550,000 | | Listed Price |