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Sold for $305,000 on 04/10/25
  • $305,000

    23 Steward Street, New London, CT 06320

    5beds
    1,920sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $318,000 Zestimate®
    $159/sqft
    $1,824 Estimated rent

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    $1,824/mo

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    $1,824/mo

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    $2,034/mo

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    $2,034/mo

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    What's special

    Fully rented 2-Family investment opportunity in New London. Investors take notice, this is a value-add potential property! This income-producing 2-family property in New London has both units that are fully rented with month-to-month tenants paying below-market rents, offering significant upside potential. Unit 1: 2-bedroom, 1-bathroom in decent condition, with room for value-add improvements. Unit 2: A spacious 3-bedroom, 2-bathroom unit spanning the second and third floors, boasting over 1,500 sq. ft. of living space. With room for value-add improvements. Modernized Systems: Separate electric and heating for each unit, with forced hot air heating and central air-updated within the last 7 years. This property presents a strong opportunity for appreciation and cash flow growth with immediate short term cash flow.

    Zillow last checked: 8 hours ago

    Listing updated: April 10, 2025 at 08:07am

    Listed by:

    X Team At Real Broker CT,

    James Corby 860-865-8197,

    Real Broker CT, LLC 855-450-0442

    Bought with:

    Mick Marsden, RES.0772029

    Compass Connecticut, LLC

    Source: Smart MLS,MLS#: 24075194MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Electric Water Heater, Water Heater
    • Laundry: In Basement
    Features
    • Basement: Full,Unfinished,Interior Entry
    • Attic: Finished,Walk-up
    • Has fireplace: No
    Interior area
    • Total structure area: 1,920
    • Total interior livable area: 1,920 sqft
    • Finished area above ground: 1,920

    Property

    Parking
    • Total spaces: 4
    • Parking features: None, Paved, Driveway
    • Has uncovered spaces: Yes
    Lot
    • Size: 3,920 sqft
    • Features: Level
    Details
    • Parcel number: 1999672
    • Zoning: R-2

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Basketball Court, Near Public Transport
    Location
    • Region: New London
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $318,000
    2% more+$6,360
    With Zillow Showcase(estimated)$324,360