For sale

$1,350,000

147 Bank Street, New London, CT 06320

3beds

8,701sqft

$9,597/mo

Get pre-qualified

Multi Family

Built in 1900

-- sqft lot

$1,303,800 Zestimate^®

$155/sqft

$-- HOA

What's special

High ceilingsLarge windows

Fully leased, mixed-use property located in the heart of downtown New London. This 11,894 SF, 2 story building has a 3,193 SF commercial space on the 1st floor and 3 apartments on the 5,508 SF second floor. There is a 3,193 SF basement. The apartments have high ceilings, large windows and beautiful views of the Thames River. Building was fully renovated in 2017. NOI approximately $76,536. Contact office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 153 Bank Street for a total of 6 commercial units and 17 Apartments. Aerial Footage: https://tinyurl.com/147-153bankstreet

186 days
307
12

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Heating

Heat Pump, Natural Gas

Cooling

Ductless

Appliances

Included: Water Heater

Features

Basement: Full,Unfinished
Attic: None
Has fireplace: No

Interior area

Total structure area: 8,701
Total interior livable area: 8,701 sqft
Finished area above ground: 8,701

Property

Features

Has view: Yes
View description: Water
Has water view: Yes
Water view: Water

Lot

Size: 3,920 Square Feet
Features: Level

Details

Parcel number: 1999800
Zoning: CBD-1

Construction

Type & style

Home type: MultiFamily
Architectural style: Units on different Floors
Property subtype: Multi Family

Materials

Brick
Foundation: Masonry
Roof: Other

Condition

New construction: No
Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: New London

Financial & listing details

Price per square foot: $155/sqft
Tax assessed value: $470,800
Annual tax amount: $13,225
Date on market: 3/13/2026

Estimated market value

$1,303,800

$1.24M - $1.37M

$2,413/mo

Price history

Date	Event	Price
4/27/2026	Price change	$1,350,000-10%$155/sqft
Source: Smart MLS #24159494 Report a problem
3/13/2026	Listed for sale	$1,500,000$172/sqft
Source: Smart MLS #24159494 Report a problem