$1,500,000

40 Pearl Street, New London, CT 06320

  • 1 bath |
  • 9,366 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1895
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $160/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Pending
Date Added:
October 3, 2025 at 04:26PM
Listing Office:
U.S. Properties Real Estate Services, LLC : (860) 691-2011
Listing Agent:
Constance Howard : (615) 293-3878
MLS ID:
24131150
  • A/C: None
  • Heating: Hot AirHot WaterOil
  • Roofing: Tar/Gravel
  • Road/Access: Municipal Street
  • County: New London
  • Zoning: CBD-21999863
  • Utilities: Electric AvailablePhone Available
  • Water: Public Water Connected
  • Sewer: Public Sewer Connected

This listing courtesy of Constance Howard, U.S. Properties Real Estate Services, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

C. B. Jennings Dual Language and International Elementary Magnet School

50 Mercer St, New London, CT, 06320

Grades PK-5

0.48 miles away

B

Bennie Dover Jackson International Education and Dual Language Middle School

36 Waller St, New London, CT, 06320

Grades 6-8

0.63 miles away

N

New London Visual & Performing Arts Magnet School

36 Waller St, New London, CT, 06320

Grades 6-11

0.63 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.