837 Bank Street, New London, CT 06320 | RYZE Realty Group
Home › Homes for Sale › New London, CT › 837 Bank Street

837 Bank Street, New London, CT 06320

Multi-Family For Sale · 4 Family

$499,900
$202/sqft
837 Bank Street, New London, CT
Active
Photo 2
Photo 3
Photo 4
Photo 5
5
Bedrooms
4
Bathrooms
2,478
Sq Ft
0.11
Acres
1893
Year Built

About This Home

Investors, take notice. 837 Bank Street in New London offers the potential for an estimated 12-15% cap rate based on prior rental income, making it a property well worth considering for your next buy-and-hold investment. Three of the four units are renovated one-bedroom, one-bath apartments, while the standout fourth unit is a spacious townhouse-style residence featuring four bedrooms with additional living space in the finished attic. Each unit is separately metered, and one of the biggest advantages is the property's relatively low taxes for the area, helping maximize rental income and strengthen the overall return on investment. Conveniently located on Bank Street between New London and Waterford and along the bus line, this multifamily offers a desirable unit mix, strong income potential, and an excellent opportunity to add a quality asset to your portfolio. Come take a look and see why this property deserves your attention.

Listed by Stephano Stravoravdis (860) 801-2087 with Real Broker CT, LLC (860) 884-9511

Listing Snapshot

Price $499,900 Days on Our Site 51 days
Property Tax $3,786/yr Style 4updown - Unit(s) per Floor
Year Built 1893 Total Sq Ft 2,478
Lot Size 0.11 acres HOA Fees N/A
Bedrooms 5 Full Bathrooms 4
Total Rooms 9 Half Baths 0

Structure & Parking

Construction Frame
Roof Asphalt Shingle

Systems & Utilities

Heat Hot Air
Fuel Electric
Cooling Window Unit
Hot Water Upright Tank
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Per Board of Ed
High Per Board of Ed

Mortgage Calculator

$
$
%
%
Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $316/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Aug 7, 2026 Price Reduced $499,900
Jul 13, 2026 Listed $525,000

Frequently Asked Questions

How much does 837 Bank Street in New London, CT cost?
This property is listed at $499,900, which works out to $202 per square foot.
How many bedrooms does 837 Bank Street have?
This home has 5 bedrooms and 4 bathrooms.
What is the square footage of 837 Bank Street?
The home is 2,478 square feet, situated on 0.11 acres.
When was 837 Bank Street in New London built?
This property was built in 1893.
Is 837 Bank Street, New London, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 837 Bank Street, New London in?
This home is served by the New London public school system, with Per Board of Ed as the elementary school and Per Board of Ed as the high school.
How do I schedule a tour of 837 Bank Street, New London, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Stephano Stravoravdis · (860) 801-2087

Real Broker CT, LLC · (860) 884-9511

MLS# 24191023 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Aug 13, 2026 11:31 PM UTC