- Overview
- Description
- Property Details
- Location
- HOA Management
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Price Drop: $25.1K (09/13)
Street View
$499,900
Monthly Est:$2,488
5 Beds
4 Baths4 full baths
2,478sqft
837 Bank St, New London, CT 06320
$499,900
$2,488/moEst:
Get Pre-Approved
Quadruplex
Built in 1893
$-- HOA
4,791.6 sqft lot
$202/sq.ft
Description
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 13, 2026 at 1:39 am
- Listing Provided by: Stephano Stravoravdis | Real Broker CT, LLC
- Source: SMART MLS-CT | MLS#: 24191023
Property Details
Status
Active Under Contract
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1893
HOA Fees
-
Finished Area
2,478 sqft
Lot Size
4,791.6 sqft lot
Basement Area
- sqft
MLS Name
SMART MLS
MLS Number
24191023
MLS Status
Under Contract - Continue to Show
Days on Market
86
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Location
HOA Management
0
HOA Fees
$-/
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 4
Interior
Cooling
Window Unit
Sewer
Public Sewer Connected
Heating
Electric
Construction
Year Built
Year Built: 1893
Home type
Quadruplex
Architectural Style
4updown Unit(s) Per Floor
Roof
Asphalt Shingle
Foundation Details
Stone
Utilities & Energy
Basement
Full
Water Source
Public Water Connected
Other Features
Subdivision Name
N/a
Lot Features
City Views
Price History
| Date | Event | Price |
|---|---|---|
09/13/2026 Source: | Contingent (Active Under Contract) | $499,900 $202/sqft |
08/07/2026 Source: | Price Decreased | $499,900 -4.78% $202/sqft |
07/13/2026 Source: | Listed for Sale | $525,000 -4.37% $212/sqft |
10/02/2024 Source: | Listing Removed | $549,000 +175.88% $222/sqft |
10/21/2021 Source: | Sold | $199,000 $80/sqft |
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Based on information provided to and compiled by the SMART MLS, Inc. through Oct 07, 2026, 11:30AM. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. ©2026 SMART MLS, Inc. All Rights Reserved.
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