40 Pearl St, New London, CT 06320

$1,100,000
1
BA
9,366
SqFt
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Sold Price
$1,100,000
List Price
$1,500,000
Status
CLOSED
MLS#
24131150
Closing Date
Dec 19, 2025
Year Built
1895
Bathrooms
1
Acres
0.09
Living Area
9,366
Neighborhood
N/A
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(860) 793-0349

Property Description

Very well maintained 12 Unit multi-family property in the heart of downtown New London. All units are 1 bedroom with 1 bathroom. Total square footage is 9,366. Three stories with basement. Heat and hot water included in the rent. Laundry room on site. Water views from some units. NOI approximately $107,720. CAP rate: 7. Close proximity to restaurants, bars and shops. Room to increase NOI.

(860) 793-0349
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Additional Information

Taxes
$13,889
Lot Size
3,920
Heating
Hot Air, Hot Water
Cooling System Type
None
Water Source
Public
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Listing courtesy of Constance Howard from U.S. Properties Real Estate Services, LLC. (615) 293-3878 (860) 691-2011

Selling Office: U.S. Properties Real Estate Services, LLC.

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