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837 Bank Street New London, CT $ 499,900
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837 Bank Street
$ 499,900
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837 Bank Street

New London, CT, 06320
$ 499,900
Bedrooms5 Baths4.0 Sq 2,478

Monthly Estimate*

$ 3,156

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Multi-Family Home for sale in New London, CT

for $499,900 with 5 bedrooms and 4 full baths. This 2,478 square foot home was built in 1893 on a lot size of 0.11.

Investors, take notice. 837 Bank Street in New London offers the potential for an estimated 12-15% cap rate based on prior rental income, making it a property well worth considering for your next buy-and-hold investment. Three of the four units are renovated one-bedroom, one-bath apartments, while the standout fourth unit is a spacious townhouse-style residence featuring four bedrooms with additional living space in the finished attic. Each unit is separately metered, and one of the biggest advantages is the property's relatively low taxes for the area, helping maximize rental income and strengthen the overall return on investment. Conveniently located on Bank Street between New London and Waterford and along the bus line, this multifamily offers a desirable unit mix, strong income potential, and an excellent opportunity to add a quality asset to your portfolio. Come take a look and see why this property deserves your attention.

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Multi-Family Active

Price

$ 499,900

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,786

Style

Lot Size

0.11

Year Built

1893

Town/City

New London

MLS | Web ID

24191023
Features
General
Zoning C-1
Neighborhood N/A
County New London
Tax Year July 2026-June 2027
Property Type Multi-Family For Sale
Status Active
Acres 0.11
Directions Turn onto Bank St.
High School Per Board of Ed
City New London
Elementary School Per Board of Ed
Sq Ft Total 2478
DOM 31
Year Built 1893
Style 4updown - Unit(s) per Floor
Year Built Source Public Records
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Interior
Cooling System Window Unit
Total Number of Units 4
Total Rooms 9
Basement Description Full
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Exterior
Water Source Public Water Connected
Lot Description City Views
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* Excluded Features
List By
Stephano Stravoravdis

Listing Agent

Real Broker Ct, Llc

Broker

realstephano@proton.me

Email

Affordability Calculator

$3,472
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,156
Monthly Property Taxes
$316
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
3092524 Elementary School
1232933 Middle School
Per Board of Ed High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/7/2026$499,900 -4.78% Price Down
7/13/2026$525,000 Listed Price

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837 Bank Street, New London, CT, 06320 is a Multi-Family Home for sale at $499,900 with 2,478 sqft and a lot size of 0.11. 837 Bank Street has 5 bedrooms, 4.0 baths, and was built in 1893. The property's zip code is 06320 which is in New London, CT

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