837 Bank Street, New London, CT 06320

• 5 beds |
• 4 baths |
• 2,478 sqft

Property Description

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.

Listing Status:

Active

Date Added:

July 13, 2026

Data Last Updated:

July 28, 2026 at 4:50AM

Listing Office:

Real Broker CT, LLC : (860) 884-9511

Listing Agent:

Stephano Stravoravdis : (860) 801-2087

MLS ID:

24191023

Interior

• Basement: Full
• A/C: Window Unit
• Heating: Hot AirElectric
• Fireplace: Fireplaces: 0

Exterior

• Style: 4updown - Unit(s) per Floor

Construction

• Roofing: Asphalt Shingle

Location

• County: New London

Lot

• Zoning: C-11999476

Utilities

• Water: Public Water Connected
• Sewer: Public Sewer Connected