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
$465,800 Zestimate®
$189/sqft
$2,215 Estimated rent
Home value
$465,800
$429,000 - $508,000
$2,215/mo
Zestimate® history
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$2,910/mo
Est. payment
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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 Square Feet
- 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 & HOA
Community
- Features: Medical Facilities, Park, Near Public Transport
HOA
- Has HOA: No
Location
- Region: New London
Financial & listing details
- Price per square foot: $189/sqft
- Tax assessed value: $156,400
- Annual tax amount: $4,457
- Date on market: 11/15/2024
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 homes
- $--1 bd1 ba900 sqft7 Franklin St #1, New London, CT 06320Off Market
- $516,6002 bd1 ba950 sqft7 Franklin St #3, New London, CT 06320Off Market
- $--1 bd1 ba900 sqft7 Franklin St APT 2, New London, CT 06320Off Market
- $268,800-- bd-- ba1.8k sqft25 Jay St, New London, CT 06320Off Market
- $--2 bd1 ba800 sqft27 Jay St APT 1, New London, CT 06320Off Market
- $---- bd1 ba600 sqft27 Jay St APT B, New London, CT 06320Off Market
- $434,0007 bd4 ba2.8k sqft27 Jay St, New London, CT 06320Off Market
- $--3 bd1 ba700 sqft27 Jay St FLOOR 3, New London, CT 06320Off Market
Nearby schools
GreatSchools rating
- 3/10C.B. Jennings International Elementary MagnetGrades: PK-5Distance: 0.3 mi
- 4/10New London Visual and Performing Arts Magnet SchoolGrades: 6-12Distance: 0.4 mi
- 3/10Bennie Dover Jackson Middle SchoolGrades: 5-8Distance: 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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