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40 Pearl Street, New London, CT 06320
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$1,500,000
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Home Details for 40 Pearl Street
Price
$1,500,000
Type
Commercial/Industrial
Total Bathrooms
1
Full Bathrooms
1
Year Build
1895
Lot Size
0.09
County
New London
Tax
$13,889
MLS®️ Listing#
24131150
On exitrealty.com
108 days
Property Description
Very well maintained 12 Unit multi-family property in the heart of downtown New London. All units are 1 bedroom with 1 bathroom. Total square footage is 9,366. Three stories with basement. Heat and hot water included in the rent. Laundry room on site. Water views from some units. NOI approximately $107,720. CAP rate: 7. Close proximity to restaurants, bars and shops. Room to increase NOI.
- Heating Information
- Oil
- Forced Air
- Hot Water
- Cooling Information
- None
- Water Features
- Public
Listing Courtesy: U.S. Properties Real Estate Services, LLC - (615) 293-3878. Presented by: Constance Howard
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc.
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