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.
For sale
$3,895,000
68-70 Black Point Road, East Lyme, CT 06357
14beds
5,907sqft
Est.:
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$659/sqft
$-- HOA
What's special
- 180 days
- on Zillow |
- 806 |
- 20 |
Zillow last checked: 7 hours ago
Listing updated: July 02, 2025 at 10:49pm
Listed by:
Adam Velez,
eXp Realty
Source: Smart MLS,MLS#: 24077288

Travel times
Tour with a buyer's agent
Tour with a buyer's 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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