Fully rented 2-Family investment opportunity in New London. Investors take notice, this is a value-add potential property! This income-producing 2-family property in New London has both units that are fully rented with month-to-month tenants paying below-market rents, offering significant upside potential. Unit 1: 2-bedroom, 1-bathroom in decent condition, with room for value-add improvements. Unit 2: A spacious 3-bedroom, 2-bathroom unit spanning the second and third floors, boasting over 1,500 sq. ft. of living space. With room for value-add improvements. Modernized Systems: Separate electric and heating for each unit, with forced hot air heating and central air-updated within the last 7 years. This property presents a strong opportunity for appreciation and cash flow growth with immediate short term cash flow.
Sold for $305,000
$305,000
23 Steward Street, New London, CT 06320
5beds
1,920sqft
Multi Family
Built in 1900
-- sqft lot
$340,600 Zestimate®
$159/sqft
$1,796 Estimated rent
Home value
$340,600
$300,000 - $385,000
$1,796/mo
Zestimate® history
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$2,088/mo
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Zillow last checked:
Listing updated:
Listed by:
X Team At Real Broker CT,
James Corby 860-865-8197,
Real Broker CT, LLC 855-450-0442
Bought with:
Mick Marsden, RES.0772029
Compass Connecticut, LLC
Source: Smart MLS,MLS#: 24075194
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Water Heater
- Laundry: In Basement
Features
- Basement: Full,Unfinished,Interior Entry
- Attic: Finished,Walk-up
- Has fireplace: No
Interior area
- Total structure area: 1,920
- Total interior livable area: 1,920 sqft
- Finished area above ground: 1,920
Property
Parking
- Total spaces: 4
- Parking features: None, Paved, Driveway
- Has uncovered spaces: Yes
Lot
- Size: 3,920 Square Feet
- Features: Level
Details
- Parcel number: 1999672
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Basketball Court, Near Public Transport
HOA
- Has HOA: No
Location
- Region: New London
Financial & listing details
- Price per square foot: $159/sqft
- Tax assessed value: $140,800
- Annual tax amount: $3,872
- Date on market: 2/18/2025
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2025 | Sold | $305,000+5.2%$159/sqft |
Source:  Smart MLS #24075194 Report a problem | ||
| 2/26/2025 | Pending sale | $289,900$151/sqft |
Source: Smart MLS #24075194 Report a problem | ||
| 2/20/2025 | Listed for sale | $289,900+4731.7%$151/sqft |
Source: Smart MLS #24075194 Report a problem | ||
| 8/25/2011 | Listing removed | $1,150$1/sqft |
Source: Prudential Connecticut Realty #E250740 Report a problem | ||
| 7/28/2011 | Listed for rent | $1,150$1/sqft |
Source: Prudential Connecticut Realty #E250740 Report a problem | ||
| 7/21/2005 | Sold | $6,000$3/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,830 -1.1% | $140,800 |
| 2024 | $3,872 +13.9% | $140,800 +54.3% |
| 2023 | $3,399 -0.2% | $91,280 |
| 2022 | $3,406 -1.7% | $91,280 |
| 2021 | $3,464 -0.6% | $91,280 |
| 2020 | $3,486 -4.3% | $91,280 |
| 2019 | $3,642 +1.9% | $91,280 +11.7% |
| 2018 | $3,573 -1.2% | $81,690 |
| 2017 | $3,616 +9.4% | $81,690 |
| 2016 | $3,305 +2.4% | $81,690 |
| 2015 | $3,226 +15.2% | $81,690 |
| 2014 | $2,800 -31.3% | $81,690 -44.9% |
| 2013 | $4,075 +8.6% | $148,190 |
| 2012 | $3,751 | $148,190 |
| 2011 | $3,751 | $148,190 |
| 2010 | $3,751 -0.7% | $148,190 |
| 2009 | $3,777 -15.7% | $148,190 +2.2% |
| 2008 | $4,480 +1.4% | $145,040 |
| 2007 | $4,416 +178.4% | $145,040 +173.7% |
| 2006 | $1,586 -45.6% | $52,990 -48% |
| 2005 | $2,918 +7.4% | $101,990 |
| 2004 | $2,718 -4.9% | $101,990 +26.4% |
| 2003 | $2,857 +76.1% | $80,710 +64.2% |
| 2001 | $1,622 | $49,140 |
Find assessor info on the county website
Neighborhood: 06320
Nearby homes
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Nearby schools
GreatSchools rating
- 3/10C.B. Jennings International Elementary MagnetGrades: PK-5Distance: 0.7 mi
- 4/10New London Visual and Performing Arts Magnet SchoolGrades: 6-12Distance: 0.8 mi
Schools provided by the listing agent
- 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
- 23 Steward Street
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