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224 Shore Road, Old Lyme, CT 06371

Multi-Family For Sale · 2 Family

$1,250,000
$736/sqft

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4
Bedrooms
2
Bathrooms
1,698
Sq Ft
1.7
Acres
1928
Year Built

About This Home

Investment Opportunity! Multi use property. Approved Permit for Storage Units. The "holy grail" of passive income! Property includes a Multi family house with 2 rental units in place and monthly income of approx $3400/ month. Back portion of lot permitted for up to 14,000 Sq Ft of storage units with office space. Full approval and plans for four storage buildings ranging in size from 1800-4200 sq ft. One of four buildings to have a shop/office. This is the last available space in Old Lyme in which storage space can be built. Easy to build on, level open space. Sit back and earn money!

Listed by Jodi Serapilia (860) 919-7402 with William Raveis Real Estate (860) 388-3936

Listing Snapshot

Price $1,250,000 Days on Market 190 days
Property Tax $3,225/yr Style Units on different Floors
Year Built 1928 Total Sq Ft 1,698
Lot Size 1.7 acres HOA Fees N/A
Bedrooms 4 Full Bathrooms 2
Total Rooms 8 Half Baths 0

Structure & Parking

Construction Frame
Roof Asphalt Shingle

Systems & Utilities

Heat Hot Water
Fuel Oil
Cooling None
Hot Water Domestic
Water Public Water Connected
Sewer Septic

Schools

Elem Mile Creek
High Lyme-Old Lyme

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $269/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Sep 10, 2025 Listed $1,250,000

Frequently Asked Questions

How much does 224 Shore Road in Old Lyme, CT cost?
This property is listed at $1,250,000, which works out to $736 per square foot.
How many bedrooms does 224 Shore Road have?
This home has 4 bedrooms and 2 bathrooms.
What is the square footage of 224 Shore Road?
The home is 1,698 square feet, situated on 1.7 acres.
When was 224 Shore Road in Old Lyme built?
This property was built in 1928.
Is 224 Shore Road, Old Lyme, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 224 Shore Road, Old Lyme in?
This home is served by the Old Lyme public school system, with Mile Creek as the elementary school and Lyme-Old Lyme as the high school.
How do I schedule a tour of 224 Shore Road, Old Lyme, 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

Jodi Serapilia · (860) 919-7402

William Raveis Real Estate · (860) 388-3936

MLS# 24125637 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Mar 2, 2026 8:25 PM UTC