11 days on rocket

205 Shaw St, New London, CT, 06320

$549,900

Home List Price

$6,530*

Closing Credit

8 Bedrooms
4 Full Baths
2,400 SqFt
$229/SqFt
Multi

Location

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205 Shaw St, New London$549,900

Buyer Closing Credits

$6,530*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1900
HeatingForced Air
CoolingNone
BasementYes
MLS #24063083
Lot Size0.15 Acres
StatusActive

About 205 Shaw St

Attention investors and owner-occupants! Welcome to 205 Shaw Street, a 4-family property offering immediate cash flow with an 8 CAP and potential to stabilize at an impressive 9.5 CAP. This prime value-add opportunity features three occupied units. All four units have been updated: Two units with partial upgrades (new flooring and bathroom updates) and two units with complete, beautiful renovations featuring brand-new vinyl flooring, stainless steel appliances, and modern finishes, appealing to today's renters. Located in a high-demand area with steady rent growth, it's just 3 miles from the Groton Submarine Base, local beaches, and universities, and only a 15-minute commute to Electric Boat. Situated one block from a brand-new luxury apartment complex, this property guarantees strong rental demand. Whether you're looking to build your portfolio or live mortgage-free with rental income covering your expenses, 205 Shaw Street is a rare opportunity to own a cash-flowing asset in a thriving market. This gem won't last-lock it in today!

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 2,400 SqFt

Listing Office:

  • Office Name: Alpha Capital Realty, LLC
  • Office Phone: (203) 347-4757
  • Listing Agent: Micah Bailey

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: From I-95, take Exit 83 for Broad St toward Downtown New London. Turn right onto Broad St, go 0.8 miles, turn left onto Connecticut Ave, then right onto Shaw St. 205 Shaw St will be on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,900
  • Price Per SqFt: $229/SqFt

Tax Information:

  • Annual Amount: $4,277
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in New London, CT.

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New London, CT

City

Med. Sold Price

$295K

Med. Price/SqFt

$175

# of Sold Homes

19

205 Shaw St vs New London

11 DAYS ON ROCKET

$549,900

+$254.9K More

$229/SqFt

+$53 More

KEY TAKEAWAY

This property is $254.9K more than the Median Sold Price and $53/SqFt more than other homes in New London, CT.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24063083

Listing Office:

  • Office Name: Alpha Capital Realty, LLC
  • Office Phone: (203) 347-4757
  • Listing Agent: Micah Bailey

IDXCopyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 26, 1987Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,277$112,700
2020$4,304$112,700
2019$4,497$112,700
2018$3,530$80,710
2017$3,572$80,710

History based on county public records data.

Payment Calculator

$2,812

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4325231
2
/10

  • Harbor Elementary School

  • 432 Montauk Ave

  • 0.54 miles

  • Public District Grades PK-5

school-card-donut-4325232
2
/10

  • C. B. Jennings Dual Language and International Elementary Magnet School

  • 50 Mercer St

  • 0.97 miles

  • Public Magnet Grades PK-5

school-card-donut-4325233
3
/10

  • Regional Multicultural Magnet School

  • 1 Bulkeley Pl

  • 1.08 miles

  • Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,244. The majority of New London, CT residents have income between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Connecticut›New London County›New London›06320›205 Shaw St

This home is located at 205 Shaw St in New London, CT and zip code 06320. This 2,400 square foot home, which was built in 1900, sits on a 0.15 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 06, 2024 and is currently priced at $549,900.

In November 2024 more than 5 listings in New London, CT were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 6 were sold below. The inventory of homes for sale in New London, CT between October 2024 and November 2024 decreased by 20%.

From Rocket Homes Real Estate and based on county public records data.

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