Historic Downtown Mystic Well Maintained 4 Family Home. This exceptional income-producing property featuring 2 legally approved Airbnb units (town of Groton) with private parking-offering generous revenue potential. 100 percent Occupied with one year lease. This special property features two covered porches and valuable off-street parking, just steps from Mystic's renowned shops, acclaimed restaurants, the iconic Bascule Bridge, sailing, kayaking, and year-round waterfront activities. The building offers three one-bedroom, one-bath apartments plus a second floor spacious three-bedroom, 2.5-bath residence, ideal for owner occupancy, long-term rental, or continued short-term use. A proven and lucrative Annual and VRBO rental history enhances its investment appeal. An outstanding opportunity in one of Connecticut's most sought-after coastal destinations-perfect for investors, second-home buyers, or those seeking to live in downtown Mystic while generating income. Very well maintained. Shared Laundry in Basement. Excellent Location and Value!
For sale
$1,595,000
19 Pearl Street, Groton, CT 06355
6beds
3,791sqft
Multi Family
Built in 1844
-- sqft lot
$996,400 Zestimate®
$421/sqft
$-- HOA
What's special
Two covered porchesShared laundry in basementPrivate parkingThree one-bedroom one-bath apartments
- 155 days |
- 650 |
- 25 |
Zillow last checked:
Listing updated:
Listed by:
Judith Caracausa (860)912-9903,
William Pitt Sotheby's Int'l 860-536-5900
Source: Smart MLS,MLS#: 24150377
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Heating
- Baseboard, Hot Water, Oil
Cooling
- Wall Unit(s)
Appliances
- Included: Water Heater
- Laundry: Coin Op Laundry, Common Area
Features
- Basement: Full,Unfinished
- Attic: Access Via Hatch
- Has fireplace: No
Interior area
- Total structure area: 3,791
- Total interior livable area: 3,791 sqft
- Finished area above ground: 3,791
Property
Parking
- Total spaces: 5
- Parking features: Parking Lot, Off Street, Driveway, Private
- Has uncovered spaces: Yes
Features
- Exterior features: Sidewalk
- Waterfront features: Walk to Water, Water Community
Lot
- Size: 9,583 Square Feet
- Features: Level, Historic District, In Flood Zone
Details
- Parcel number: 1960769
- Zoning: R-7
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Clapboard, Cedar, Wood Siding
- Foundation: Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1844
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Health Club, Library, Medical Facilities, Park, Playground, Shopping/Mall
- Subdivision: Mystic
HOA
- Has HOA: No
Location
- Region: Groton
Financial & listing details
- Price per square foot: $421/sqft
- Tax assessed value: $525,000
- Annual tax amount: $14,291
- Date on market: 1/22/2026
- Exclusions: Washer, Dryer and Dishwasher in Unit 2. These appliances belong to the Tenant.
Estimated market value
$996,400
$887,000 - $1.14M
$2,428/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/22/2026 | Listed for sale | $1,595,000+105.8%$421/sqft |
Source:  Smart MLS #24150377 Report a problem | ||
| 3/23/2020 | Sold | $775,000+41.9%$204/sqft |
Source: Public Record Report a problem | ||
| 2/20/2018 | Listing removed | $900 |
Source: Switz Real Estate Associates #170050173 Report a problem | ||
| 2/7/2018 | Listed for rent | $900-5.3% |
Source: Switz Real Estate Associates #170050173 Report a problem | ||
| 12/5/2014 | Listing removed | $950 |
Source: Market Realty, LLC #E280130 Report a problem | ||
| 10/2/2014 | Listed for rent | $950 |
Source: Market Realty, LLC #E280130 Report a problem | ||
| 8/23/2013 | Sold | $546,000+118.4%$144/sqft |
Source: Smart MLS #E266638 Report a problem | ||
| 5/10/2001 | Sold | $250,000-15.3%$66/sqft |
Source: Public Record Report a problem | ||
| 12/14/1987 | Sold | $295,000$78/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,291 +7.7% | $525,000 |
| 2024 | $13,275 +4% | $525,000 |
| 2023 | $12,761 +2.2% | $525,000 |
| 2022 | $12,481 +2.3% | $525,000 +21.2% |
| 2021 | $12,198 +0.8% | $433,020 |
| 2020 | $12,099 +4.5% | $433,020 |
| 2019 | $11,575 +1.2% | $433,020 |
| 2018 | $11,436 +1.9% | $433,020 |
| 2017 | $11,224 +17.4% | $433,020 +8.9% |
| 2016 | $9,558 -3% | $397,600 -6.2% |
| 2015 | $9,849 +2.4% | $423,780 |
| 2014 | $9,616 -0.8% | $423,780 |
| 2013 | $9,696 +2.7% | $423,780 |
| 2012 | $9,438 -5.4% | $423,780 -11.5% |
| 2011 | $9,973 +0.3% | $478,800 -1.5% |
| 2010 | $9,945 +2.7% | $486,290 |
| 2009 | $9,682 +18.7% | $486,290 |
| 2008 | $8,159 +99.4% | -- |
| 2006 | $4,091 +4.8% | $170,100 |
| 2005 | $3,904 +1.5% | $170,100 |
| 2004 | $3,848 -0.6% | $170,100 |
| 2003 | $3,870 +24.7% | $170,100 +50.5% |
| 2001 | $3,103 -11.9% | $113,050 |
| 2000 | $3,522 +2.1% | $113,050 |
| 1996 | $3,448 | $113,050 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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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.
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Climate risks
Neighborhood: 06340
Nearby schools
GreatSchools rating
- 7/10Northeast Academy Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 5/10Groton Middle SchoolGrades: 6-8Distance: 2.3 mi
- 5/10Fitch Senior High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- High: Fitch Senior
Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Connecticut
- New London County
- Groton
- 06340
- 19 Pearl Street
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