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For sale
  • $3,895,000

    68-70 Black Point Road, East Lyme, CT 06357

    14beds
    5,907sqft
    : 
    Multi Family
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $659/sqft
    $-- HOA

    What's special

    Multi-Family Property in a highly sought after year round beach community! Investors take note! Property Highlights: Prime Location: Walking distance to multiple public beaches, one of Connecticut's oldest bakeries, public boardwalks and parks, top-rated pizza shops, ice cream shops, restaurants and even a live theater making this a perfect location for renters and vacationers alike. 11 Units: The largest multi-family available for sale on the South Eastern CT Shoreline. 2.27 Acres: Room for expansion, additional amenities or boutique resort style development. Cash Flow & Appreciation: This property is located in a quickly appreciating classic New England coastal town with high long term, medium term and short term rental demand. Located close to Millstone, Electric Boat, Pfizer and Camp Nett demand is sure to stay high! Whether you are looking to develop a thriving Airbnb portfolio or capitalize on the high demand for long term rentals in this area this property is an great investment opportunity.
    321 days
    |
    675
    |
    12
    |

    Zillow last checked: 8 hours ago

    Listing updated: October 07, 2025 at 07:22pm

    Listed by:

    Adam Velez (860)961-6040,

    eXp Realty 866-828-3951

    Source: Smart MLS,MLS#: 24077288MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    • Bathrooms: 10
    • Full bathrooms: 10
    Heating
    • Baseboard, Electric, Oil
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Water Heater
    Features
    • Basement: Full
    • Attic: None
    Interior area
    • Total structure area: 5,907
    • Total interior livable area: 5,907 sqft
    • Finished area above ground: 5,907

    Property

    Parking
    • Parking features: None
    Features
    • Waterfront features: Walk to Water
    Lot
    • Size: 2.27 Acres
    • Features: Secluded, Few Trees, Level
    Details
    • Parcel number: 1467457
    • Zoning: R40

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Concrete Perimeter, Slab
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1950
    Details
    • Warranty included: Yes

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Black Point
    HOA
    • Has HOA: No
    Location
    • Region: Niantic

    Financial & listing details

    • Price per square foot: $659/sqft
    • Tax assessed value: $489,860
    • Annual tax amount: $13,721
    • Date on market: 2/28/2025
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    4/28/2025Price change$3,895,000-2.5%$659/sqft
    Source: Smart MLS #24077288 Report a problem
    3/22/2025Price change$3,995,000-4.9%$676/sqft
    Source: Smart MLS #24077288 Report a problem
    2/28/2025Listed for sale$4,200,000+356.5%$711/sqft
    Source: Smart MLS #24077288 Report a problem
    7/11/2022Sold$920,000+22.7%$156/sqft
    Source: Public Record Report a problem
    5/13/2021Listing removed--
    Source: Owner Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$13,721 +6.3%$489,860
    2024$12,908 +6.4%$489,860 +0.5%
    2023$12,129 +4.4%$487,480

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $26,085/mo
    Principal & interest
    $19334
    Property taxes
    $5388
    Home insurance
    $1363

      Climate risks

      Neighborhood: Niantic

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Lillie B. Haynes
      • High: East Lyme

      Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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