19 Pearl Street
Groton, CT 06340
$1,495,000 - Mystic
Historic Downtown Mystic Well Maintained 4 Family Home. This exceptional income-producing property featuring 2 legally approved Airbnb units (town of Groton) with private parking-offering generous revenue potential. This special property features two covered porches and valuable off-street parking, just steps from Mystic's renowned shops, acclaimed restaurants, the iconic Bascule Bridge, sailing, kayaking, and year-round waterfront activities. The building offers three one-bedroom, one-bath apartments plus a second floor spacious three-bedroom, 2.5-bath residence, ideal for owner occupancy, long-term rental, or continued short-term use. A proven and lucrative Annual and VRBO rental history enhances its investment appeal. An outstanding opportunity in one of Connecticut's most sought-after coastal destinations-perfect for investors, second-home buyers, or those seeking to live in downtown Mystic while generating income. Very well maintained. Shared Coin Operated Laundry in Basement. Excellent Location and Value!
| Listing Id: | 24200770 |
|---|---|
| List Price: | $1,495,000 |
| Property Type: | Multi Family |
| Property Sub Type: | 4 Family |
| Status: | Active |
| Bank Owned Property: | No |
| Beds Total: | 6 |
| Baths Full: | 5 |
| Baths Half: | 1 |
| Living Area Sqft Per Public Record: | 3,791 |
| Property Tax: | $14,291 |
| Acres: | 0.22 |
| Style: | Other |
| Direct Waterfront Yn: | No |
| City: | Groton |
| Neighborhood: | Mystic |
| County: | New London |
| Postal Code: | 06340 |
| Year Built: | 1844 |
| Total Number Of Units: | 4 |
| Acres Source: | Public Records |
| Agent Owner Yn: | No |
| Assessed Value: | $525,000 |
| Attic Description: | Access Via Hatch |
| Attic Yn: | Yes |
| Basement Description: | Yes |
| Basement Description: | Full,Unfinished,Full With Walk-Out |
| Baths Total: | 6 |
| Color: | Yellow and White |
| Comp Only Manual Yn: | No |
| Cooling System: | Wall Unit |
| Current Price: | $1,495,000.00 |
| Directions: | West Main Street to Pearl Street. Property on left. |
| Display Fair Market Value Yn: | Yes |
| Driveway Type: | Private, Crushed Stone |
| Elementary School: | Per Board of Ed |
| Elevation Certificate Yn: | Yes |
| Exclusions: | Washer, Dryer and Dishwasher in Unit 3. These appliances belong to the Tenant. |
| Exterior Features: | Sidewalk |
| Exterior Siding: | Clapboard, Cedar, Wood |
| Flood Zone Yn: | Yes |
| Foundation Type: | Stone |
| Fuel Tank Location: | In Basement |
| Garage & Parking: | Parking Lot, Off Street Parking, Driveway |
| Heat Fuel Type: | Oil |
| Heat Type: | Baseboard, Hot Water |
| High School: | Fitch Senior |
| Home Owner's Assocation: | No |
| Home Warranty Offered Yn: | No |
| Hot Water Description: | Domestic |
| Laundry Room Info: | Coin Op Laundry, Common Laundry Area |
| Laundry Room Location: | In Basement |
| Listing Contract Date: | 2026-08-21 |
| Lot Description: | Level Lot, Historic District |
| Middle Jr High School: | Per Board of Ed |
| Mil Rate Total: | $27.22 |
| Status: | Active |
| Nearby Amenities: | Health Club, Library, Medical Facilities, Park, Playground/Tot Lot, Shopping/Mall |
| New Construction Type: | No/Resale |
| Occupied By: | Tenant |
| Original List Price: | $1,495,000 |
| Parcel Number: | 1960769 |
| Parking Total Spaces: | 4 |
| Possession Availability: | Negotiable |
| Potential Short Sale: | No |
| Preferred Phone: | (860) 912-9903 |
| Price: | $1,495,000 |
| Roof Information: | Asphalt Shingle |
| Sewage System: | Public Sewer Connected |
| Sign Yn: | Yes |
| Sq Ft Description: | Total Square Feet of Building |
| Sq Ft Est Heated Above Grade: | 3,791 |
| Sq Ft Total: | 3,791 |
| Swimming Pool Yn: | No |
| Tax Year: | July 2025-June 2026 |
| Total Rooms: | 10 |
| Total Rooms Multi Family: | 10 |
| Under Agreement Yn: | No |
| Waterfront Description: | Walk to Water, Water Community |
| Water Source: | Public Water Connected |
| Year Built Source: | Public Records |
| Zoning: | R-7 |
Listing Courtesy of: William Pitt Sotheby's Int'l
Listing Agent: Judith Caracausa
(860) 912-9903
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Smart MLS Inc. data last updated on October 08, 2026 06:45 PM - ET
Property Last Updated: October 08, 2026 06:45 PM - ET
