For sale

Price cut: $725K (4/27)

$1,725,000

153 Bank Street, New London, CT 06320

6beds

12,470sqft

Get pre-qualified

Multi Family

Built in 1927

-- sqft lot

$-- Zestimate^®

$138/sqft

$-- HOA

What's special

Mixed-use property with 4 commercial units and 6 apartments located in the heart of downtown New London. This 17,378 SF, 3 story building has 4 commercial units in 3,942 SF on the ground level SF commercial and 6 apartments on the 7,884 SF second and third floors. There is a 3,942 SF basement. NOI approximately $117,227. Two of the commercial units are recently available so there is room to increase NOI. Contact office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.

113 days

212

6

Loading...

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 6
Full bathrooms: 6

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: 12,470
Total interior livable area: 12,470 sqft
Finished area above ground: 12,470

Property

Features

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

Lot

Size: 7,840 Square Feet
Features: Level

Details

Parcel number: 1999801
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: 1927

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: $138/sqft
Tax assessed value: $627,400
Annual tax amount: $17,686
Date on market: 3/13/2026

Estimated market value

Not available

Estimated sales range

Not available

$2,660/mo

Price history

Date	Event	Price
4/27/2026	Price change	$1,725,000-29.6%$138/sqft
Source: Smart MLS #24159459 Report a problem
3/13/2026	Listed for sale	$2,450,000$196/sqft
Source: Smart MLS #24159459 Report a problem
8/12/2021	Listing removed	--
Source: RE/MAX International Report a problem
7/13/2021	Listed for rent	$1,500
Source: RE/MAX International #170418912 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified