$389,000

42 Spring Street, New London, CT 06320

4 beds |
2 baths |
1,760 sqft

Multi-Family Home
Built in 1906
4,792sqft lot
1 car garage
$221/sqft
Listed 12 days ago

Property Description

Welcome to 42 Spring Street, a turnkey two-family home and strong income-producing opportunity. Whether you rent both units or live in one and rent the other, this property offers real income and long-term value. The detached garage has its own electric meter and can be rented separately, providing an additional income source. Very well maintained and filled with natural light, this home is truly move-in ready. Unit 1 (first floor) offers a bright one-bedroom layout with a spacious eat-in kitchen, a comfortable living room, and an updated kitchen and bath. Unit 2 combines the second and third floors and features three spacious bedrooms with good closet space, a large eat-in kitchen, and a full bath. The upper unit includes kitchen upgrades and generous living space. Each unit has its own gas and electric meters, with gas heat and hot water serving each unit independently. Updates include a roof approximately 8 years old, updated windows and siding, and LED lighting throughout both units, inside and outside. The basement is clean, well maintained, and uncluttered. Enjoy a welcoming front porch, perfect for sitting and relaxing, plus a partially fenced backyard ideal for outdoor enjoyment. Conveniently located near Electric Boat, the Coast Guard Academy, Connecticut College, Pfizer, the train station, and the beach. An excellent opportunity for owner-occupants or investors.

Listing Status:: Active
Date Added:: January 29, 2026
Data Last Updated:: February 10, 2026 at 4:50AM
Listing Office:: CT Homes Real Estate : (860) 250-5794
Listing Agent:: Angela Espinoza : (860) 250-5794
MLS ID:: 24151496

Laundry: All Units Have Hook-Ups
Basement: FullUnfinishedFull With Hatchway
A/C: Window Unit
Heating: Hot WaterNatural Gas
Fireplace: Fireplaces: 0

Style: Units on different Floors
Parking: Parking spaces: 5

Roofing: Asphalt Shingle

County: New London

Driveway: Paved
Zoning: R-21999467

Water: Public Water Connected
Sewer: Public Sewer Connected

This listing courtesy of Angela Espinoza , CT Homes Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

C. B. Jennings Dual Language and International Elementary Magnet School

50 Mercer St, New London, CT, 06320

Grades PK-5

0.53 miles away

New London Visual & Performing Arts Magnet School

36 Waller St, New London, CT, 06320

Grades 6-11

0.60 miles away

New London Visual & Performing Arts Magnet School

36 Waller St, New London, CT, 06320

Grades 6-11

0.60 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.