Investors, don't miss this solid value-add opportunity in New London! Located at 65 Shaw Street, this 5-unit multifamily property consists of two buildings: a 3,125 square foot, 4-unit main building and a separate 432 square foot studio unit, which is residential but is also zoned commercial, offering additional potential. The asset performs at a 7.79 cap with no vacancy, with strong upside to run at a 9.03 cap fully stabilized. You will have a mix of 2 bedrooms, 1 bedrooms and a studio unit. Two units have been fully renovated, one partially renovated, and two are ready for updates, creating a fantastic opportunity for any value-add investor. Situated in an area with strong rental demand and steady job growth, this property is perfect for expanding your portfolio.
Sold for $595,000
$595,000
65 Shaw Street, New London, CT 06320
7beds
3,557sqft
Multi Family
Built in 1900
-- sqft lot
$711,800 Zestimate®
$167/sqft
$1,690 Estimated rent
Home value
$711,800
$655,000 - $783,000
$1,690/mo
Zestimate® history
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$3,339/mo
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Zillow last checked:
Listing updated:
Listed by:
Micah Bailey 305-951-9865,
Alpha Capital Realty, LLC 860-507-3394
Bought with:
Micah Bailey, RES.0828333
Alpha Capital Realty, LLC
Source: Smart MLS,MLS#: 24069261
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Hot Water, Gas In Street
Cooling
- None
Appliances
- Included: Water Heater
- Laundry: None
Features
- Basement: Full,Unfinished
- Attic: Crawl Space,Access Via Hatch
- Has fireplace: No
Interior area
- Total structure area: 3,557
- Total interior livable area: 3,557 sqft
- Finished area above ground: 3,557
Property
Parking
- Parking features: None
Lot
- Size: 9,147 Square Feet
- Features: Corner Lot
Details
- Parcel number: 1999666
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors,Units are Side-by-Side
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Asphalt,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: $167/sqft
- Tax assessed value: $251,200
- Annual tax amount: $6,908
- Date on market: 1/20/2025
Price history
| Date | Event | Price |
|---|---|---|
| 5/14/2025 | Pending sale | $649,900+9.2%$183/sqft |
Source:  Smart MLS #24069261 Report a problem | ||
| 5/13/2025 | Sold | $595,000-8.4%$167/sqft |
Source: Smart MLS #24069261 Report a problem | ||
| 1/24/2025 | Listed for sale | $649,900+251.3%$183/sqft |
Source: Smart MLS #24069261 Report a problem | ||
| 7/2/2007 | Sold | $185,000$52/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,833 -1.1% | $251,200 |
| 2024 | $6,908 +7.4% | $251,200 +45.4% |
| 2023 | $6,434 -0.2% | $172,760 |
| 2022 | $6,446 -1.7% | $172,760 |
| 2021 | $6,556 -0.6% | $172,760 |
| 2020 | $6,598 -4.3% | $172,760 |
| 2019 | $6,893 +1.9% | $172,760 +11.7% |
| 2018 | $6,764 -1.2% | $154,630 |
| 2017 | $6,844 +9.4% | $154,630 |
| 2016 | $6,256 +2.5% | $154,630 |
| 2015 | $6,106 +4.5% | $154,630 -33% |
| 2011 | $5,843 +10% | $230,860 +10% |
| 2010 | $5,312 -0.7% | $209,860 |
| 2009 | $5,349 +36.1% | $209,860 +64.9% |
| 2008 | $3,931 +1.4% | $127,260 |
| 2007 | $3,875 +1.7% | $127,260 |
| 2006 | $3,809 +4.6% | $127,260 |
| 2005 | $3,641 +7.4% | $127,260 |
| 2004 | $3,391 +4.3% | $127,260 +38.6% |
| 2003 | $3,251 | $91,840 |
Find assessor info on the county website
Neighborhood: 06320
Nearby homes
- $--1 bd1 ba-- sqft65 Shaw St #2-B, New London, CT 06320Off Market
- $--1 bd1 ba550 sqft65 Shaw St #1-A, New London, CT 06320Off Market
- $--3 bd1 ba1.2k sqft65 Shaw St #2A, New London, CT 06320Off Market
- $453,200-- bd-- ba-- sqft61 Shaw St #2, New London, CT 06320Off Market
- $453,200-- bd-- ba-- sqft57 Shaw St #16524, New London, CT 06320Off Market
- $485,000-- bd-- ba-- sqft57 Shaw St, New London, CT 06320Off Market
- $507,9006 bd3 ba3k sqft4 Steward St, New London, CT 06320Off Market
- $341,600-- bd2 ba1.9k sqft9 Steward St, New London, CT 06320Off Market
Nearby schools
GreatSchools rating
- 3/10C.B. Jennings International Elementary MagnetGrades: PK-5Distance: 0.6 mi
- 4/10New London Visual and Performing Arts Magnet SchoolGrades: 6-12Distance: 0.8 mi
- 3/10Bennie Dover Jackson Middle SchoolGrades: 5-8Distance: 0.8 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
- 65 Shaw Street
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