147 Bank Street
New London, CT 06320
$1,350,000
Fully leased, mixed-use property located in the heart of downtown New London. This 11,894 SF, 2 story building has a 3,193 SF commercial space on the 1st floor and 3 apartments on the 5,508 SF second floor. There is a 3,193 SF basement. The apartments have high ceilings, large windows and beautiful views of the Thames River. Building was fully renovated in 2017. NOI approximately $76,536. Contact office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 153 Bank Street for a total of 6 commercial units and 17 Apartments. Aerial Footage: https://tinyurl.com/147-153bankstreet
| Listing Id: | 24159494 |
|---|---|
| List Price: | $1,350,000 |
| Property Type: | Multi Family |
| Property Sub Type: | 3 Family |
| Status: | Active |
| Bank Owned Property: | No |
| Beds Total: | 3 |
| Baths Full: | 3 |
| Living Area Sqft Per Public Record: | 8,701 |
| Property Tax: | $13,225 |
| Acres: | 0.09 |
| Style: | Units on different Floors |
| Direct Waterfront Yn: | No |
| City: | New London |
| County: | New London |
| Postal Code: | 06320 |
| Year Built: | 1900 |
| Total Number Of Units: | 4 |
| Acres Source: | Public Records |
| Agent Owner Yn: | No |
| Assessed Value: | $470,800 |
| Attic Yn: | No |
| Basement Description: | Yes |
| Basement Description: | Full,Unfinished |
| Baths Total: | 3 |
| Comp Only Manual Yn: | No |
| Cooling System: | Split System |
| Current Price: | $1,350,000.00 |
| Directions: | GPS friendly. |
| Display Fair Market Value Yn: | Yes |
| Elementary School: | Per Board of Ed |
| Exterior Siding: | Brick |
| Foundation Type: | Masonry |
| Heat Fuel Type: | Natural Gas |
| Heat Type: | Heat Pump |
| High School: | Per Board of Ed |
| Home Owner's Assocation: | No |
| Hot Water Description: | Other |
| Listing Contract Date: | 2026-03-13 |
| Lot Description: | Level Lot |
| Mil Rate Total: | $28.09 |
| Status: | Active |
| New Construction Type: | No/Resale |
| Occupied By: | Tenant |
| Original List Price: | $1,500,000 |
| Parcel Number: | 1999800 |
| Possession Availability: | Immediate |
| Potential Short Sale: | No |
| Preferred Phone: | (615) 293-3878 |
| Price: | $1,350,000 |
| Roof Information: | Other |
| Sewage System: | Public Sewer Connected |
| Sign Yn: | Yes |
| Sq Ft Est Heated Above Grade: | 8,701 |
| Sq Ft Total: | 8,701 |
| Swimming Pool Yn: | No |
| Tax Year: | July 2026-June 2027 |
| Total Rooms: | 12 |
| Total Rooms Multi Family: | 12 |
| Under Agreement Yn: | No |
| Waterfront Description: | View |
| Water Source: | Public Water Connected |
| Year Built Source: | Public Records |
| Zoning: | CBD-1 |
Listing Courtesy of: U.S. Properties Real Estate Services, LLC
Listing Agent: Constance Howard
(615) 293-3878
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Smart MLS Inc. data last updated on October 08, 2026 06:51 PM - ET
Property Last Updated: October 08, 2026 06:51 PM - ET
