65 Shaw
New London, CT 06320
- 7 beds
- 5 baths
- 3,557 sqft
- 9,148 sqft lot
- $182 per sqft
- 1900 build
- – on site
Investors, don't miss this solid value-add opportunity in New London! Located at 65 Shaw Street, this 5-unit multifamily property consists of two buildings: a 3,125 square foot, 4-unit main building and a separate 432 square foot studio unit, which is residential but is also zoned commercial, offering additional potential. The asset performs at a 7.55 cap with no vacancy, with strong upside to run at a 9.36 cap fully stabilized. You will have a mix of 2 bedrooms, 1 bedrooms and a studio unit. Two units have been fully renovated, one partially renovated, and two are ready for updates, creating a fantastic opportunity for any value-add investor. Situated in an area with strong rental demand and steady job growth, this property is perfect for expanding your portfolio.
Last checked:
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Last updated Jan 20, 2025
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MLS# 24069261 —
The Building
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Year Built:1900
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Year Built Source:Public Records
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New Construction Type:No/Resale
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Style:Units on different Floors, Units are Side-by-Side
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Roof Information:Asphalt Shingle, Gable
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Attic:No
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Exterior Siding:Vinyl Siding
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Foundation Type:Brick, Concrete
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Basement Description:Full
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SqFt Total:3557
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SqFt Description:3,557 combined total living area square footage between the 4-unit building and studio structure
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SqFt Est Heated Above Grade:3557
Location
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Directions:Take I-95 S to Exit 83 (Broad St/Waterford). Turn left onto Broad St, then right onto Shaw St. 205 Shaw St will be on your left.
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Neighborhood:N/A
The Property
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Parcel Number:1999666
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Property Type:Multi-Family For Sale
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Property Subtype:5 Family+
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Zoning:R-2
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Acres:0.21
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Acres Source:Public Records
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Lot Description:Corner Lot
Listing Agent
- Contact info:
- Agent phone:
- (203) 347-4757
Taxes
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Tax Year:July 2024-June 2025
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Property Taxes:6908
Beds
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Beds Total:7
Baths
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Total Baths:5
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Full Baths:5
Heating & Cooling
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Heat Type:Hot Air
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Heat Fuel Type:Gas In Street
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Cooling System:None
Utilities
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Water Source:Public Water In Street
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Sewage System:Public Sewer In Street
Schools
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Elementary School:Harbor
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High School:New London
The Community
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Swimming Pool:No
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Direct Waterfront:No
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Waterfront Description:Not Applicable
Parking
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Garage/Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/19/25
Jan 19, 2025
|
Coming Soon | SMART_MLS | $649,900 |
