205 Shaw Street, New London, CT 06320

Local realty services provided by:ERA Insite Realty Services
#1
205 Shaw Street,New London, CT 06320
$500,000
  • 9 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by:micah bailey
Office:alpha capital realty, llc
MLS#:24063083
Source:CT

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Price summary

  • Price:$500,000

About this home

Attention investors! 205 Shaw Street is a value-add 4-family investment property offering immediate cash flow over an 8.2 cap with potential to stabilize over a 9.5 CAP. This prime value-add opportunity features full occupancy, with recent renovations in all four units. Basement unit and Unit 2 are completely renovated 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 an asset with strong upside in a thriving market.

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Home facts

  • Year built:1900
  • Listing Id #:24063083
  • Added:251 day(s) ago
  • Updated:August 15, 2025 at 06:25 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:4
  • Full bathrooms:4

Heating and cooling

  • Heating:Hot Air

Structure and exterior

  • Roof:Gable
  • Year built:1900

Schools

  • High school:New London
  • Elementary school:Harbor

Utilities

  • Water:Public Water In Street

Finances and disclosures

  • Price:$500,000
  • Tax amount:$4,488 (July 2025-June 2026)
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