Under contract

$440,000

59 School Street, Groton, CT 06340

3beds

2,069sqft

$2,839/mo

Get pre-qualified

Multi Family

Built in 1851

-- sqft lot

$445,900 Zestimate^®

$213/sqft

$-- HOA

What's special

High ceilingsOriginal characterElectrical updates

Opportunity awaits in the heart of Groton City's historic Groton Bank neighborhood! This three-family property is filled with timeless charm, featuring high ceilings, original character, and seasonal water views of the Thames River. Rich in architectural character, this property presents an excellent opportunity for investors or owner-occupants looking to restore and add value. Significant improvements include a new roof (2022), updated boiler (2025), and electrical updates completed after the current owner purchased the property. Conveniently located just minutes from Electric Boat, Pfizer, the Submarine Base, downtown Groton, shopping, dining, parks, and other local amenities. Bring your vision and restore this character-filled property, preserving its historic charm while creating an outstanding investment or owner-occupied opportunity in a desirable location. Home is being sold as-is and may not qualify for all types of financing.

41 days

53

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Heating

Steam, Oil

Cooling

None

Appliances

Included: Water Heater
Laundry: In Basement

Features

Doors: Storm Door(s)
Windows: Storm Window(s)
Basement: Full
Attic: Floored,Walk-up
Has fireplace: No

Interior area

Total structure area: 2,069
Total interior livable area: 2,069 sqft
Finished area above ground: 2,069
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Paved, Off Street, Driveway, Asphalt
Has uncovered spaces: Yes

Features

Patio & porch: Porch
Has view: Yes
View description: Water
Has water view: Yes
Water view: Water
Waterfront features: Beach Access

Lot

Size: 0.26 Acres
Features: Sloped, Historic District

Details

Parcel number: 1949588
Zoning: R52

Construction

Type & style

Home type: MultiFamily
Architectural style: Units on different Floors
Property subtype: Multi Family

Materials

Asbestos
Foundation: Masonry, Stone
Roof: Asphalt

Condition

New construction: No
Year built: 1851

Utilities & green energy

Sewer: Public Sewer
Water: Public

Green energy

Energy efficient items: Doors, Windows

Community & HOA

Community

Features: Library, Park, Near Public Transport
Subdivision: Groton Heights

HOA

Has HOA: No

Location

Region: Groton

Financial & listing details

Price per square foot: $213/sqft
Tax assessed value: $172,900
Annual tax amount: $4,999
Date on market: 7/3/2026

Estimated market value

$445,900

$424,000 - $468,000

$2,471/mo

Price history

Date	Event	Price
7/7/2026	Pending sale	$440,000$213/sqft
Source: Smart MLS #24188774 Report a problem
7/3/2026	Listed for sale	$440,000+22.6%$213/sqft
Source: Smart MLS #24188774 Report a problem
12/11/2025	Listing removed	$359,000$174/sqft
Source: Smart MLS #24143285 Report a problem
12/4/2025	Listed for sale	$359,000+663.8%$174/sqft
Source: Smart MLS #24143285 Report a problem
11/15/1996	Sold	$47,000$23/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,999 +7.5%	$172,900
2024	$4,649 +4.2%	$172,900
2023	$4,461 +3.4%	$172,900
2022	$4,314 +10.6%	$172,900 +34.2%
2021	$3,900 +3%	$128,800
2020	$3,788 +3.3%	$128,800
2019	$3,667 -1%	$128,800
2018	$3,703 -0.3%	$128,800
2017	$3,716 +5.3%	$128,800 -0.9%
2016	$3,529 +1.3%	$129,920
2015	$3,484 +7.5%	$129,920
2014	$3,242 -1.4%	$129,920
2013	$3,289 +2%	$129,920
2012	$3,224 -19.5%	$129,920 -25.3%
2011	$4,005 +2.1%	$173,950
2010	$3,923 +2.1%	$173,950
2009	$3,843 +6.6%	$173,950
2008	$3,605 +12.2%	--
2006	$3,213 +21.4%	$110,950
2005	$2,647 -13.3%	$110,950
2004	$3,054 -0.5%	$110,950
2003	$3,069 +120.8%	$110,950 +127.1%
2001	$1,390 -8.7%	$48,860
2000	$1,522 +2.1%	$48,860
1996	$1,490	$48,860