About 40 Pearl Street
Very well maintained 12 Unit multi-family property in the heart of downtown New London. All units are 1 bedroom with 1 bathroom. Total square footage is 9,366. Three stories with basement. Heat and hot water included in the rent. Laundry room on site. Water views from some units. NOI approximately $107,720. CAP rate: 7. Close proximity to restaurants, bars and shops. Room to increase NOI.
Features of 40 Pearl Street
| MLS® # | 24131150 |
|---|---|
| Price | $1,500,000 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 9,366 |
| Square Footage | Public Records |
| Acres | 0.09 |
| Type | Commercial For Sale |
| Status | Under Contract |
Community Information
| Address | 40 Pearl Street |
|---|---|
| Area | N/A |
| City | New London |
| County | New London |
| State | Connecticut |
| Zip Code | 06320 |
Amenities
| Utilities | Electric Available, Phone Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Hot Air, Hot Water, Oil |
|---|---|
| Cooling | None |
| Fireplace | No |
| Has Basement | No |
Exterior
| Lot Description | Dry |
|---|---|
| Roof | Tar/Gravel |
| Foundation | Masonry |
Additional Information
| Date Listed | October 3rd, 2025 |
|---|---|
| Days on Market | 18 |
| Zoning | CBD-2 |
| RE / Bank Owned | No |
Listing Details
| Office | U.S. Properties Real Estate Services, LLC |
|---|