About 837 Bank Street
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.
Features of 837 Bank Street
| MLS® # | 24191023 |
|---|---|
| Price | $499,900 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,478 |
| Acres | 0.11 |
| Type | Multi-Family For Sale |
| Sub-Type | 4 Family |
| Style | 4updown - Unit(s) per Floor |
| Status | Active |
Community Information
| Address | 837 Bank Street |
|---|---|
| Area | N/A |
| City | New London |
| County | New London |
| State | Connecticut |
| Zip Code | 06320 |
Amenities
| Is Waterfront | No |
|---|---|
| Waterfront | Not Applicable |
| Has Pool | No |
Interior
| Heating | Hot Air, Electric |
|---|---|
| Cooling | Window Unit |
| Fireplace | No |
Exterior
| Exterior | Aluminum |
|---|---|
| Lot Description | City Views |
| Roof | Asphalt Shingle |
| Foundation | Stone |
School Information
| Elementary | Per Board of Ed |
|---|---|
| High | Per Board of Ed |
Additional Information
| Date Listed | July 13th, 2026 |
|---|---|
| Days on Market | 56 |
| Zoning | C-1 |
| RE / Bank Owned | No |
Listing Details
| Office | Real Broker CT, LLC |
|---|