47 Hartford Avenue Old Lyme, CT $ 380,000
47 Hartford Avenue
$ 380,000
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47 Hartford Avenue

Old Lyme, CT, 06371
$ 380,000
Bedrooms6 Baths3.0 Sq 5,134

Monthly Estimate*

$ 2,371

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Multi-Family Home for sale in Old Lyme, CT

for $380,000 with 6 bedrooms and 3 full baths. This 5,134 square foot home was built in 1930 on a lot size of 0.13.

Incredible investor and builder opportunity just steps from the beach. Formerly home to a pizzeria and ice cream parlor on the first floor and a beach-shack hotel upstairs, 47 Hartford Ave has now been fully gutted to the studs and is primed for redevelopment. Located within Old Lyme's sought-after shoreline district, the property sits less than a 2-minute walk to the beach and showcases water views from the second-floor sunroom. With demolition complete, the site offers a clean slate and flexible multi-level footprint suited for a variety of uses. Preliminary zoning research suggests the square footage can comfortably support a 3-unit configuration, and with an approved variance, additional residential space may also be added on the first floor. Whether you're envisioning a custom coastal home, a restored mixed-use building, rental income property, restaurant, storefront, or a combination of these, the location and structure deliver exceptional potential. Offered at $380,000, this is a rare chance to reimagine a piece of Old Lyme's beachside past into something new and highly profitable. Additional photos available. Cash only. Proof of funds required. Listing agent must be present, and a hold-harmless agreement must be signed prior to touring. Alternate MLS #24143113 Interior photos available reach out to agent. Since the building is gutted their is not specific layout at this time. I had to specify a room count. at minimum if can comfortably fit (3) 2 bed, 1 bath units in addition to the commerical space on ground level

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Multi-Family Active

Price

$ 380,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,491

Style

Lot Size

0.13

Year Built

1930

Town/City

Old Lyme

MLS | Web ID

24144072

Features
General
Zoning SVVD
Neighborhood Sound View
County New London
Tax Year July 2025-June 2026
Property Type Multi-Family For Sale
Status Active
Acres 0.13
Directions Use GPS
High School Per Board of Ed
City Old Lyme
Elementary School Per Board of Ed
Sq Ft Total 5134
DOM 4
Year Built 1930
Style Other
Year Built Source Public Records
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Interior
Cooling System None
Total Number of Units 4
Total Rooms 10
Basement Description None
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Exterior
Water Source Private Well
Lot Description Water View
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* Excluded Features
List By
Nicholas Tarquino

Listing Agent

Carbutti & Co., Realtors

Broker

nick.tarquino@gmail.com

Email

Affordability Calculator

$2,662
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,371
Monthly Property Taxes
$291
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
3092524 Elementary School
1232933 Middle School
Per Board of Ed High School High School
Pricing History
DatePricePrice ChangeDescription
12/8/2025$380,000 Listed Price

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47 Hartford Avenue, Old Lyme, CT, 06371 is a Multi-Family Home for sale at $380,000 with 5,134 sqft and a lot size of 0.13. 47 Hartford Avenue has 6 bedrooms, 3.0 baths, and was built in 1930. The property's zip code is 06371 which is in Old Lyme, CT