Attention investors! 205 Shaw Street is a value-add 4-family investment property offering immediate cash flow over an 8.2 cap with potential to stabilize over a 9.5 CAP. This prime value-add opportunity features full occupancy, with recent renovations in all four units. Basement unit and Unit 2 are completely renovated featuring brand-new vinyl flooring, stainless steel appliances, and modern finishes, appealing to today's renters. Located in a high-demand area with steady rent growth, it's just 3 miles from the Groton Submarine Base, local beaches, and universities, and only a 15-minute commute to Electric Boat. Situated one block from a brand-new luxury apartment complex, this property guarantees strong rental demand. Whether you're looking to build your portfolio or live mortgage-free with rental income covering your expenses, 205 Shaw Street is a rare opportunity to own an asset with strong upside in a thriving market.
Sold for $500,000
$500,000
205 Shaw Street, New London, CT 06320
9beds
2,400sqft
Multi Family
Built in 1900
-- sqft lot
$547,000 Zestimate®
$208/sqft
$2,094 Estimated rent
Home value
$547,000
$487,000 - $618,000
$2,094/mo
Zestimate® history
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$3,423/mo
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Modern finishesBrand-new vinyl flooringStainless steel appliances
Zillow last checked:
Listing updated:
Listed by:
Micah Bailey 305-951-9865,
Alpha Capital Realty, LLC 860-507-3394,
Anthony DeLorenzo 203-814-7387,
Alpha Capital Realty, LLC
Bought with:
Kareema S. Williams, RES.0814000
RE/MAX One
Source: Smart MLS,MLS#: 24063083
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Gas In Street
Cooling
- None
Appliances
- Included: Water Heater
Features
- Basement: Full,Apartment
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
- Finished area above ground: 2,400
Property
Parking
- Parking features: None
Lot
- Size: 6,534 Square Feet
- Features: Corner Lot
Details
- Parcel number: 1998672
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Stone
- Roof: Gable
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: $208/sqft
- Tax assessed value: $165,000
- Annual tax amount: $4,488
- Date on market: 12/6/2024
Price history
| Date | Event | Price |
|---|---|---|
| 8/2/2025 | Sold | $500,000-4.7%$208/sqft |
Source:  Smart MLS #24063083 Report a problem | ||
| 5/14/2025 | Pending sale | $524,900$219/sqft |
Source: Smart MLS #24063083 Report a problem | ||
| 4/10/2025 | Price change | $524,900-1.9%$219/sqft |
Source: Smart MLS #24063083 Report a problem | ||
| 2/25/2025 | Price change | $534,900-2.7%$223/sqft |
Source: Smart MLS #24063083 Report a problem | ||
| 1/20/2025 | Listed for sale | $549,900$229/sqft |
Source: Smart MLS #24063083 Report a problem | ||
| 1/10/2025 | Pending sale | $549,900$229/sqft |
Source: Smart MLS #24063083 Report a problem | ||
| 12/6/2024 | Listed for sale | $549,900$229/sqft |
Source: Smart MLS #24063083 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 06320
Nearby homes
- $--1 bd1 ba650 sqft205 Shaw St #B, New London, CT 06320Off Market
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- $--2 bd1 ba625 sqft205 Shaw St #3, New London, CT 06320Off Market
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- $267,9004 bd1 ba972 sqft10 Ann St, New London, CT 06320Off Market
Nearby schools
GreatSchools rating
- 4/10New London Visual and Performing Arts Magnet SchoolGrades: 6-12Distance: 1.1 mi
- 3/10C.B. Jennings International Elementary MagnetGrades: PK-5Distance: 1 mi
Schools provided by the listing agent
- Elementary: Harbor
- High: New London
Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Connecticut
- New London County
- New London
- 06320
- 205 Shaw Street
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