59 School Street Groton, CT $ 440,000
59 School Street
$ 440,000
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59 School Street

Groton, CT, 06340
$ 440,000
Bedrooms3 Baths3.0 Sq 2,069

Monthly Estimate*

$ 2,778

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Multi-Family Home for sale in Groton, CT

for $440,000 with 3 bedrooms and 3 full baths. This 2,069 square foot home was built in 1851 on a lot size of 0.26.

Opportunity awaits in the heart of Groton City's historic Groton Bank neighborhood! This three-family property is filled with timeless charm, featuring high ceilings, original character, and seasonal water views of the Thames River. Rich in architectural character, this property presents an excellent opportunity for investors or owner-occupants looking to restore and add value. Significant improvements include a new roof (2022), updated boiler (2025), and electrical updates completed after the current owner purchased the property. Conveniently located just minutes from Electric Boat, Pfizer, the Submarine Base, downtown Groton, shopping, dining, parks, and other local amenities. Bring your vision and restore this character-filled property, preserving its historic charm while creating an outstanding investment or owner-occupied opportunity in a desirable location. Home is being sold as-is and may not qualify for all types of financing.

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Multi-Family Active

Price

$ 440,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,999

Style

Lot Size

0.26

Year Built

1851

Town/City

Groton

MLS | Web ID

24188774

Features
General
Zoning R52
Neighborhood Groton Heights
County New London
Tax Year July 2025-June 2026
Property Type Multi-Family For Sale
Status Active
Acres 0.26
Directions Thames Street south to right onto School St
High School Fitch Senior
City Groton
Elementary School Per Board of Ed
Sq Ft Total 2069
DOM 1
Year Built 1851
Style Units on different Floors
Year Built Source Public Records
Energy Features Storm Doors Storm Windows
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Interior
Cooling System None
Total Number of Units 3
Total Rooms 8
Basement Description Full Full With Hatchway
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Exterior
Water Source Public Water Connected
Lot Description Sloping Lot Historic District Water View
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* Excluded Features
List By
Paula Turley

Listing Agent

Cr Premier Properties

Broker

turleyrealestate@gmail.com

Email

Affordability Calculator

$3,195
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,778
Monthly Property Taxes
$417
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
2060021 Elementary School
4516745 Middle School
Fitch Senior High School High School
Pricing History
DatePricePrice ChangeDescription
7/3/2026$440,000 Listed Price

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59 School Street, Groton, CT, 06340 is a Multi-Family Home for sale at $440,000 with 2,069 sqft and a lot size of 0.26. 59 School Street has 3 bedrooms, 3.0 baths, and was built in 1851. The property's zip code is 06340 which is in Groton, CT