$850,000

1780 Boston Post Road, Old Saybrook, CT 06475

  • 4 beds |
  • 3 baths |
  • 2,236 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1912
  • Property Lot Size Icon0.69acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $380/sqft
  • Property List Date Icon Listed 23 days ago

Property Description

Commercial Mixed Use, cross-posted on MLS alternative # 24149460. 7.06 CAP r a t e ~ Prime mixed-use investment property offered at $850,000 along the high-visibility Route 1 corridor. The asset consists of three total units of office/retail space with direct road frontage and two residential apartments privately situated in the rear. Trusted General Contractor currently rents the rear yard space at $1,000/month. Projected gross income totals $90,000/year. Incorporating a 10 p e r c e n t vacancy & repairs reserve, the stabilized effective gross income is $81,000/year. Operating expenses total $20,945/year (real estate taxes: $5,896 | insurance: $5,879 | electric: $4,600 | oil: $1,350 | propane: $1,620 | snow removal/water/septic: $1,600), resulting in a net operating income (NOI) of $60,055/year. At the asking price of $850,000, the asset delivers a 7.06 CAP r a t e, with long-term value preservation and upside through future rent adjustments. Strong location, consistent cash flow, and limited supply of mixed-use product on Route 1 make this an ideal long-term hold, 1031 exchange target, or portfolio addition.

Listing Status:
Active
Date Added:
January 17, 2026
Data Last Updated:
February 9, 2026 at 8:50PM
Listing Office:
Carbutti & Co., Realtors : (203) 269-4910
Listing Agent:
Nicholas Tarquino : (203) 710-6157
MLS ID:
24149701
  • Laundry: Common Laundry Area
  • Basement: FullUnfinished
  • A/C: None
  • Heating: Hot AirHot WaterOilPropane
  • Fireplace: Fireplaces: 0
  • Style: Units on different Floors
  • Roofing: Asphalt Shingle
  • County: Middlesex
  • Zoning: B-41024739
  • Water: Public Water Connected
  • Sewer: Septic

This listing courtesy of Nicholas Tarquino , Carbutti & Co., Realtors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kathleen E. Goodwin School

80 Old Boston Post Rd, Old Saybrook, CT, 06475

Grades PK-6

2.01 miles away

O

Old Saybrook Middle School

60 Sheffield St, Old Saybrook, CT, 06475

Grades 5-8

2.54 miles away

O

Old Saybrook Senior High School

1111 Boston Post Rd, Old Saybrook, CT, 06475

Grades 9-12

1.24 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.