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.
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
Owner options
What's special
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#: 24075194
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