153 Bank Street
New London, CT 06320
$1,725,000
Mixed-use property with 4 commercial units and 6 apartments located in the heart of downtown New London. This 17,378 SF, 3 story building has 4 commercial units in 3,942 SF on the ground level SF commercial and 6 apartments on the 7,884 SF second and third floors. There is a 3,942 SF basement. NOI approximately $117,227. Two of the commercial units are recently available so there is room to increase NOI. Contact office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.
| Listing Id: | 24159459 |
|---|---|
| List Price: | $1,725,000 |
| Property Type: | Multi Family |
| Property Sub Type: | 5 Family+ |
| Status: | Active |
| Bank Owned Property: | No |
| Beds Total: | 6 |
| Baths Full: | 6 |
| Living Area Sqft Per Public Record: | 12,470 |
| Property Tax: | $17,989 |
| Acres: | 0.18 |
| Style: | Units on different Floors |
| Direct Waterfront Yn: | No |
| City: | New London |
| County: | New London |
| Postal Code: | 06320 |
| Year Built: | 1927 |
| Total Number Of Units: | 6 |
| Acres Source: | Public Records |
| Agent Owner Yn: | No |
| Assessed Value: | $640,400 |
| Attic Yn: | No |
| Basement Description: | Yes |
| Basement Description: | Full,Unfinished |
| Baths Total: | 6 |
| Comp Only Manual Yn: | No |
| Cooling System: | Split System |
| Current Price: | $1,725,000.00 |
| 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: | $2,450,000 |
| Parcel Number: | 1999801 |
| Possession Availability: | Immediate |
| Potential Short Sale: | No |
| Preferred Phone: | (615) 293-3878 |
| Price: | $1,725,000 |
| Roof Information: | Other |
| Sewage System: | Public Sewer Connected |
| Sign Yn: | Yes |
| Sq Ft Est Heated Above Grade: | 12,470 |
| Sq Ft Total: | 12,470 |
| Swimming Pool Yn: | No |
| Tax Year: | July 2026-June 2027 |
| Total Rooms: | 6 |
| Total Rooms Multi Family: | 6 |
| 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
