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$3,895,000

  • For Sale
  • Active
  • Multi-Family
  • 14 Total Beds
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Multi-Family Property in a highly sought after year round beach community! Investors take note! Property Highlights: Prime Location: Walking distance to multiple public beaches, one of Connecticut's oldest bakeries, public boardwalks and parks, top-rated pizza shops, ice cream shops, restaurants and even a live theater making this a perfect location for renters and vacationers alike. 11 Units: The largest multi-family available for sale on the South Eastern CT Shoreline. 2.27 Acres: Room for expansion, additional amenities or boutique resort style development. Cash Flow & Appreciation: This property is located in a quickly appreciating classic New England coastal town with high long term, medium term and short term rental demand. Located close to Millstone, Electric Boat, Pfizer and Camp Nett demand is sure to stay high! Whether you are looking to develop a thriving Airbnb portfolio or capitalize on the high demand for long term rentals in this area this property is an great investment opportunity.

Full Property Details for 68-70 Black Point Rd

General

  • Price: $3,895,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24077288
  • Updated: 11/26/2025
  • Added to Site: 359 day(s) ago

Interior

  • Number of Rooms: 44

Rooms

Bathrooms

  • Total Bathrooms: 10
  • Full Bathrooms: 10

Bedrooms

  • Total Bedrooms: 14

Parking

  • Parking: None

Location

  • County: New London
  • Neighborhood: Black Point
  • Driving Directions: Coming Westward from Rope Ferry Rd. take a left onto Black Point Rd. and property is 0.3mi in on your left.

School Information

  • Elementary School: Lillie B. Haynes
  • High School: East Lyme

Community

  • Community Name: Black Point

Heating & Cooling

  • Cooling Type: Window Unit
  • Heating Type: Baseboard, Electric, Oil
  • Heating Fuel: Electric, Oil
  • Water Heater: Upright Tank

Utilities

  • Sewer: Septic
  • Water: Public Water Connected

Structural Information

  • Architectural Style: Other
  • Construction Status: No/Resale
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Full
  • Roof: Asphalt Shingle
  • Square Feet: 5,907
  • Above Ground: 5,907 Sq. Ft.
  • Year Built: 1950

Unit Information

Unit 1

  • Total Bathrooms: 10
  • Bedrooms: 14

Lot Features

  • Lot Size (Acres): 2.27
  • Zoning: R40
  • Lot Description: Secluded, Lightly Wooded, Level Lot

Water Features

  • Water Front Desc.: Walk to Water

Financial Considerations

  • Assessment Amount: $489,860
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Property ID: 1467457

Listed by eXp Realty, Adam Velez

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Listing agent

— 68-70 Black Point Rd —

  • Adam Velez

    eXp Realty

Agent Contact: (860) 961-6040 Office Contact: (866) 828-3951

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 68-70 Black Point Rd

School District:East Lyme School District
NameGradesDistance
East Lyme Middle School
31 Society Rd., East Lyme, CT 06357
5-122.3 mi
East Lyme High School
30 Chesterfield Road, East Lyme, CT 06333
9-123.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 68-70 Black Point Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/28/2025
Price Reduced
$3,895,000
-2.5%
MLS
3/22/2025
Price Reduced
$3,995,000
-4.88%
MLS
2/28/2025
Listed
$4,200,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 68-70 Black Point Rd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,074
6%
$323,960
—
2023
$8,536
6%
$323,960
—
2023
$8,060
4%
$323,960
—
2022
$7,723
-8%
$323,960
10%
2021
$8,430
2%
$295,680
1%
2020
$8,284
1%
$292,110
—
2019
$8,235
3%
$292,110
—
2018
$7,989
5%
$292,110
—
2017
$7,642
9%
$292,110
6%
2016
$7,007
3%
$276,290
—
2015
$6,827
3%
$276,290
—
2014
$6,639
3%
$276,290
—
2013
$6,451
—
$276,290
—
2012
$6,451
—
$276,290
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by eXp Realty, Adam Velez

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68-70 Black Point Road, East Lyme, CT 06357 (MLS# 24077288) is a Multi-Family property with 11 units containing 14 bedrooms and 10 full bathrooms. 68-70 Black Point Road is currently listed for $3,895,000 and was received on February 28, 2025. Want to learn more about 68-70 Black Point Road? Do you have questions about finding other Multi-Family real estate for sale in East Lyme? You can browse all East Lyme real estate or contact a Coldwell Banker agent to request more information.

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