Charming Historic 3-Family Multi-Unit Property with Great Income Potential! Welcome to 7 Franklin St, a beautifully maintained and tastefully updated historic building located in a prime area just minutes from downtown, The Garde Arts Center, Electric Boat, Connecticut College, and the Sub Base. This multi-family property boasts three well-appointed units, offering fantastic flexibility for investors and owner-occupants alike. Two units currently have reliable, long-term tenants, while the third is preparing for it's new short term tenant. Each unit has been thoughtfully renovated, blending modern conveniences with classic charm. With close proximity to local amenities and the potential for significant rental income, 7 Franklin St is a rare opportunity in a sought-after location. Don't miss out on the chance to own this exceptional income-generating property. The property also features a partially finished basement, offering the possibility of additional living space, pending town approval. Property being sold "as is".
Sold for $425,000
$425,000
7 Franklin Street, New London, CT 06320
4beds
2,253sqft
Multi Family
Built in 1887
-- sqft lot
$471,000 Zestimate®
$189/sqft
$1,523 Estimated rent
Home value
$471,000
$414,000 - $532,000
$1,523/mo
Zestimate® history
Owner options
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$1,523/mo
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$1,523/mo
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$2,875/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Denise G. Moore 860-917-0203,
Kazantzis Real Estate, LLC 860-774-2733
Bought with:
Artie Owens, RES.0814885
eXp Realty
Source: Smart MLS,MLS#: 24059680
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Water Heater
- Laundry: None
Features
- Basement: Full,Partially Finished
- Attic: Crawl Space,Access Via Hatch
- Has fireplace: No
Interior area
- Total structure area: 2,253
- Total interior livable area: 2,253 sqft
- Finished area above ground: 2,253
Property
Parking
- Parking features: None
Features
- Patio & porch: Porch
Lot
- Size: 1,742 sqft
- Features: Level
Details
- Parcel number: 2000302
- Zoning: C-1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 3updown - Unit(s) per Floor
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Clapboard
- Foundation: Concrete Perimeter
- Roof: Asphalt,Gable
Condition
- New construction: No
- Year built: 1887
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Medical Facilities, Park, Near Public Transport
Location
- Region: New London
Price history
| Date | Event | Price |
|---|---|---|
| 12/19/2024 | Sold | $425,000-1.1%$189/sqft |
Source:  Smart MLS #24059680 Report a problem | ||
| 11/20/2024 | Pending sale | $429,900$191/sqft |
Source: Smart MLS #24059680 Report a problem | ||
| 11/16/2024 | Listed for sale | $429,900+72%$191/sqft |
Source: Smart MLS #24059680 Report a problem | ||
| 3/4/2005 | Sold | $249,900$111/sqft |
Source: Smart MLS #E153095 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,409 -1.1% | $156,400 |
| 2024 | $4,457 +39.2% | $156,400 +87.8% |
| 2023 | $3,201 -0.1% | $83,300 |
| 2022 | $3,204 -1.7% | $83,300 |
| 2021 | $3,261 -0.6% | $83,300 |
| 2020 | $3,281 -4.2% | $83,300 |
| 2019 | $3,424 +27.8% | $83,300 +40.3% |
| 2018 | $2,680 +2% | $59,360 |
| 2017 | $2,627 +5.8% | $59,360 |
| 2016 | $2,483 +5.9% | $59,360 |
| 2015 | $2,344 +15.2% | $59,360 |
| 2014 | $2,034 -29.2% | $59,360 -43.2% |
| 2013 | $2,874 +8.7% | $104,510 |
| 2012 | $2,645 | $104,510 |
| 2011 | $2,645 | $104,510 |
| 2010 | $2,645 -0.7% | $104,510 |
| 2009 | $2,664 -6% | $104,510 +14% |
| 2008 | $2,833 +1.5% | $91,700 |
| 2007 | $2,792 +1.7% | $91,700 |
| 2006 | $2,745 +4.6% | $91,700 |
| 2005 | $2,624 +7.4% | $91,700 |
| 2004 | $2,444 -25.7% | $91,700 -1.4% |
| 2003 | $3,291 +52.4% | $92,960 +42% |
| 2001 | $2,160 | $65,450 |
Find assessor info on the county website
Neighborhood: 06320
Nearby schools
GreatSchools rating
- 3/10C.B. Jennings International Elementary MagnetGrades: PK-5Distance: 0.3 mi
- 3/10Bennie Dover Jackson Middle SchoolGrades: 5-8Distance: 0.4 mi
- 4/10New London Visual and Performing Arts Magnet SchoolGrades: 6-12Distance: 0.4 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
- 7 Franklin Street
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