1 of 23

Want to see this property?

205 Shaw

New London, CT 06320

8 beds
4 baths
2,400 sqft
6,534 sqft lot
$229 per sqft
1900 build
– on site

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!

Listing courtesy of SMART_MLS / Micah Bailey / Alpha Capital Realty, LLC

Last checked: Checking… • Last updated Dec 14, 2024 •

MLS# 24063083 —

The Building

Year Built:

1900
Year Built Source:

Public Records
New Construction Type:

No/Resale
Style:

Units on different Floors
Roof Information:

Gable
Attic:

No
Exterior Siding:

Vinyl Siding
Foundation Type:

Stone
Basement Description:

Full, Apartment
SqFt Total:

2400
SqFt Est Heated Above Grade:

2400

Room Dimensions

Living Area SqFt Per Public Record:

2400

Location

Directions:

From I-95, take Exit 83 for Broad St toward Downtown New London. Turn right onto Broad St, go 0.8 miles, turn left onto Connecticut Ave, then right onto Shaw St. 205 Shaw St will be on your right.
Neighborhood:

N/A

The Property

Parcel Number:

1998672
Property Type:

Multi-Family For Sale
Property Subtype:

4 Family
Zoning:

R-2
Acres:

0.15
Acres Source:

Public Records
Lot Description:

Corner Lot

Listing Agent

Contact info:

Taxes

Tax Year:

July 2024-June 2025
Property Taxes:

4362

Beds

Beds Total:

8

Baths

Total Baths:

4
Full Baths:

4

Heating & Cooling

Heat Type:

Hot Air
Heat Fuel Type:

Gas In Street
Cooling System:

None

Utilities

Water Source:

Public Water In Street
Sewage System:

Public Sewer In Street

Schools

Elementary School:

Harbor
High School:

New London

The Community

Swimming Pool:

No
Direct Waterfront:

No
Waterfront Description:

Not Applicable

Parking

Garage/Parking:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/6/24 Dec 6, 2024	Listed / Active	SMART_MLS	$549,900

Want a closer look?

Go see 205 Shaw

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in New London, CT

Similar sold homes

This multifamily located in Willets, New London, CT 06320 is currently for sale for $549,900. 205 Shaw is a 2,400 square foot multifamily with 8 beds and 4 baths that has been on Estately for 17 days. 205 Shaw is in the Willets neighborhood of New London and has a WalkScore® of 59, making it somewhat walkable. This multifamily is in the attendance area of Harbor Elementary School, New London High School, and Bennie Dover Jackson Middle School.

Listing Courtesy of: SMART_MLS and Alpha Capital Realty, LLC.

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 2024 SmartMLS, Inc.