Located in downtown New London, 97 & 107 Green St presents an excellent opportunity to own a cash-flowing multifamily property in one of Connecticut's strongest rental markets. The property provides investors with exposure to major economic drivers, including General Dynamics Electric Boat, Pfizer, Lawrence + Memorial Hospital, the U.S. Coast Guard Academy, Mitchell College, Connecticut College, and many more. The property is located just minutes from the Cross Sound Ferry and New London's Union Train Station, while offering convenient access to the city's downtown business district, waterfront, neighborhood retail corridors, and surrounding residential areas. The property also benefits from strong connectivity to major regional routes, including Route 32, Route 12, and Interstate 95, providing efficient access throughout southeastern Connecticut and convenient connections to Norwich, Groton, and the broader New London-Norwich area. 97 Green St is a three-story brick building containing four (4) 1-bedroom/1-bathroom units and two (2) Studio units, with 3,004 square feet of gross living area within 4,000 square feet of gross area. 97 Green St is situated on a 0.06-acre parcel. 107 Green St offers 10 off-street parking spaces on a private 0.09-acre lot adjacent to the building. 107 Green St Parcel ID: 4557
New London Visual and Performing Arts Magnet School
Public 6-12 • Assigned • 0.6mi
4/10
Science and Technology Magnet School of Southeastern Connecticut
Public 9-12 • Assigned • 1.4mi
2/10
Provided by GreatSchools
About Downtown New
London
Downtown New London, located between the Thames River waterfront and Connecticut College, is a historic and arts-forward New London neighborhood with a working harbor edge and a walkable grid of brick storefronts. The neighborhood’s character concentrates around Bank Street at State Street, where cafes, galleries, small restaurants, and music-night marquees cluster under old commercial facades. The Garde Arts Center anchors the cultural calendar in a restored movie palace, while Hygienic Art keeps studios and exhibitions in a landmark former bank. Union Station and the ferry docks stitch the district to regional rail and the water, giving the streets a steady, on-the-move rhythm. Architecture ranges from 19th-century blocks to civic buildings around Parade Plaza. Pocket parks and the waterfront promenade frame daily routines with salt-air views.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
22 total rooms
Partial, unfinished basement
Bedrooms
4 bedrooms
Bathrooms
6 full bathrooms
Heating & cooling
Baseboard heat
Ceiling fans
Window air conditioning units
Electric hot water with 40 gallon tank
Exterior features
Secluded lot
Home design
Multi-family property (5+ units)
Construction
Brick and masonry foundation
Brick and masonry construction
Flat roof
Utilities
Public water connected
Public sewer connected
Electric heat fuel
Electricity and solar
View estimated energy costs and solar savings for this home
6-unit 3 story multi-family apartment building FOR SALE. Annual Income: $33,000. Adjacent lot is included in sale, holds 5 cars. Also entered as Commercial Investment; see listing E10131903.
Smart MLS #E10068803
Aug 26, 2015
Listed
$299,900
$100/sq ft
Aug 26, 2015
Listing Removed
—
Year
Property tax
Land + Additions
Assessment*
2023
$4,678
$14,070 + $107,660
$121,730
2022
$4,682 (−1.8%)
$14,070 + $107,660
$121,730
2021
$4,766 (−0.6%)
$14,080 + $107,660
$121,740
2020
$4,795 (−4.2%)
$14,070 + $107,660
$121,730
2019
$5,003 (−0.4%)
$14,070 + $107,660
$121,730
2018
$5,024 (+2.0%)
$14,070 + $97,230
$111,300
2017
$4,926 (+5.8%)
$14,070 + $97,230
$111,300
2016
$4,656 (+22.1%)
$14,070 + $97,230
$111,300
2014
$3,814 (+11.5%)
$14,070 + $97,230
$111,300
2011
$3,421
$36,400 + $87,990
$124,390
Public record
Public record
Zoning
Beds
6
Baths
2
Stories
3
Lot width
—
Lot depth
—
Lot size
2,614 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,004
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,004
Year built
1920
Style
Multi-Family (5+ Unit)
County
New London County
APN
1999854
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Feb 1, 2024.
CBD-2
Central Business District 2
To provide for and encourage a variety of retail businesses, business and professional offices, service businesses, entertainment and cultural establishments and related activities such as parking and pedestrian spaces in a manner that minimizes potential conflict between uses but supports a pedestrian friendly, human scale of development that does not compete with the focus of activity in the CBD-1 District.
Permitted uses
Include but are not limited to:
Automotive repair garage
Bank
Laundromat
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Office
Museum / gallery
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 94° expected this year, 17 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
New London, CT • 06320
Average low and high temperatures (°F)
36
23
38
23
50
33
58
42
66
51
78
61
82
67
78
61
74
58
65
48
55
38
41
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in New London. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 97 & 107 Green St
There isn’t enough information to generate an accurate estimate at this time. Learn More