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Off market
  • $198,700

    224 Shore Rd, Old Lyme, CT 06371

    4beds
    1,698sqft
    Multi Family
    Built in 1928
    -- sqft lot
    $-- Zestimate®
    $117/sqft
    $2,070 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,070/mo

    Zestimate® history
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    What's special

    Investment Opportunity! Multi use property. Approved Permit for Storage Units. The "holy grail" of passive income! Property includes a Multi family house with 2 rental units in place and monthly income of approx $3400/ month. Back portion of lot permitted for up to 14,000 Sq Ft of storage units with office space. Full approval and plans for four storage buildings ranging in size from 1800-4200 sq ft. One of four buildings to have a shop/office. This is the last available space in Old Lyme in which storage space can be built. Easy to build on, level open space. Sit back and earn money! Buyer/Buyer's agent to do due diligence. Permits are valid for 9 years with an option to extend past that an additional 5 years. See also commercial MLS#24124118

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Source: William Raveis Real Estate, Mortgage & Insurance,MLS#: 24125637MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Other
    Cooling
    • None
    Features
    • Basement: Yes
    Interior area
    • Total structure area: 1,698
    • Total interior livable area: 1,698 sqft

    Property

    Lot
    • Size: 1.70 Acres
    Details
    • Parcel number: OLYMM8L33

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1928

    Community & neighborhood

    Location
    • Region: Old Lyme

    Price history

    DateEventPrice
    4/1/2026Listing removed$1,250,000$736/sqft
    Source: Smart MLS #24125637 Report a problem
    9/10/2025Listed for sale$1,250,000+509.8%$736/sqft
    Source: Smart MLS #24125637 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    4/13/2019Listing removed$1,500$1/sqft
    Source: Owner Report a problem
    3/12/2019Listed for rent$1,500$1/sqft
    Source: Owner Report a problem
    11/1/2018Sold$205,000+64%$121/sqft
    Source: Public Record Report a problem
    11/30/1995Sold$125,000$74/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,225 -9.4%$198,700 +36.3%
    2024$3,558 +3.9%$145,800
    2023$3,426 $145,800
    2022$3,426 +0.9%$145,800
    2021$3,397 +0.4%$145,800
    2020$3,383 -6.4%$145,800 -9.6%
    2019$3,615 +2.3%$161,300
    2018$3,534 +0.7%$161,300
    2017$3,508 +2.6%$161,300
    2016$3,420 +2.8%$161,300
    2015$3,326 $161,300

    Find assessor info on the county website

    Neighborhood: 06371

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Mile Creek
    • High: Lyme-Old Lyme

    Source: William Raveis Real Estate, Mortgage & Insurance. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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