Homes for sale - 205 Shaw Street, New London, CT 06320

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2025

Jan

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Jan

Fri

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Akiba Watts

soldbyakiba@gmail.com +1(475) 256-8828

$ 549,900

Est. payment | -/mo

8 Beds

4 Baths

2,400 SqFt

Save

$ 549,900

Est. payment | -/mo

Save

8 Beds

4 Baths

2,400 SqFt

Key Details

Property Type Multi-Family

Sub Type 4 Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $229

MLS Listing ID 24063083

Style Units on different Floors

Bedrooms 8

Full Baths 4

Year Built 1900

Annual Tax Amount $4,362

Lot Size 6,534 Sqft

Property Description

Attention investors and owner-occupants! Welcome to 205 Shaw Street, a 4-family property offering immediate cash flow with an 8 CAP and potential to stabilize at an impressive 9.5 CAP. This prime value-add opportunity features three occupied units. All four units have been updated: Two units with partial upgrades (new flooring and bathroom updates) and two units with complete, beautiful renovations featuring brand-new vinyl flooring, stainless steel appliances, and modern finishes, appealing to today's renters. Located in a high-demand area with steady rent growth, it's just 3 miles from the Groton Submarine Base, local beaches, and universities, and only a 15-minute commute to Electric Boat. Situated one block from a brand-new luxury apartment complex, this property guarantees strong rental demand. Whether you're looking to build your portfolio or live mortgage-free with rental income covering your expenses, 205 Shaw Street is a rare opportunity to own a cash-flowing asset in a thriving market. This gem won't last-lock it in today!

Location

State CT

County New London

Zoning R-2

Rooms

Basement Full, Apartment

Interior

Heating Hot Air

Cooling None

Exterior

Parking Features None

Waterfront Description Not Applicable

Roof Type Gable

Building

Lot Description Corner Lot

Foundation Stone

Sewer Public Sewer In Street

Water Public Water In Street

Schools

Elementary Schools Harbor

High Schools New London

Listed by Micah Bailey • Alpha Capital Realty, LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(475) 256-8828

soldbyakiba@gmail.com

205 Shaw Street New London, CT 06320