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$580,000

  • Sold
  • Closed
  • Multi-Family
  • 6 Total Beds
  • 2 Car Garage
See This Home
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Here's your chance to own a renovated 4-family property in Groton, offering fantastic returns with minimal upkeep. This well-located multifamily has undergone extensive updates, including new kitchens, bathrooms, hardwood floors and drywall. The entire building was upgraded with a newly installed, individually metered propane heating system, ensuring energy efficiency and low overhead costs. With tenant-paid utilities and coin operated laundry, this property maximizes profitability while keeping maintenance costs at a minimum, making it a prime investment opportunity. The property is ideally situated near some of Groton's largest employers, including EB, Pfizer, UConn, and is a stone's throw from Eastern Point Beach and Shennecosset Golf Course, making it easy to attract responsible tenants. Enjoy the convenience of being just minutes from New London and 10 minutes to Mystic, plus direct access to public transportation, including Amtrak and Shoreline East, for seamless travel to Boston and New York. As an added bonus, one unit is currently vacant, allowing the opportunity for the new owner to live on-site while generating rental income. The detached 2 car garage currently generates additional income. This is a must-see for savvy investors looking to capitalize on a prime location with low maintenance costs.

Full Property Details for 288 Benham Rd

General

  • Sold For: $580,000
  • Taxes: (July 2025-June 2026)
  • Status: Closed
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24109711
  • Added to Site: 223 day(s) ago

Interior

  • Number of Rooms: 14

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Coin Op Laundry

Exterior

  • Exterior Features: Balcony, Porch

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Detached Garage

Location

  • County: New London
  • Neighborhood: Groton City
  • Driving Directions: GPS friendly.

School Information

  • Elementary School: Per Board of Ed
  • High School: Fitch Senior

Community

  • Community Name: Groton City

Heating & Cooling

  • Cooling Type: Ceiling Fans, Window Unit
  • Heating Type: Baseboard, Bottle Gas
  • Heating Fuel: Bottle Gas
  • Water Heater: Propane, Upright Tank

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected

Structural Information

  • Architectural Style: Units on different Floors, Units are Side-by-Side
  • Construction Status: No/Resale
  • Exterior Const.: Shingle
  • Basement Desc.: Full, Storage, Hatchway Access, Interior Access, Concrete Floor, Full With Walk-Out
  • Roof: Asphalt Shingle
  • Disability Access: Multiple Entries/Exits
  • Square Feet: 3,437
  • Above Ground: 3,437 Sq. Ft.
  • Year Built: 1900

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.52
  • Zoning: R52
  • Lot Description: Level Lot

Water Features

  • Water Front Desc.: Walk to Water

Financial Considerations

  • Assessment Amount: $229,740
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Property ID: 2239075

Listed and Sold by Berkshire Hathaway NE Prop., Sherry Borgeson

Listing agent

— 288 Benham Rd —

  • Sherry Borgeson

    Berkshire Hathaway NE Prop.

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 288 Benham Rd

School District:Groton School District
NameGradesDistance
Catherine Kolnaski Magnet School
500 Poquonnock Road, Groton, CT 06340
PK-50.8 mi
Groton Middle School
35 Groton Long Point Road, Groton, CT 06340
6-83.3 mi
Fitch Senior High School
101 Groton Long Point Road, Groton, CT 06340
9-123.2 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 288 Benham Rd

Date
Details
Price
Change
Source
8/22/2025
Sold
$580,000
5.47%
MLS
7/09/2025
Listed
$549,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Berkshire Hathaway NE Prop., Sherry Borgeson

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288 Benham Road, Groton, CT 06340 (MLS# 24109711) is a Multi-Family property that was sold at $580,000 on August 22, 2025. Want to learn more about 288 Benham Road? Do you have questions about finding other Multi-Family real estate for sale in Groton City? You can browse all Groton City real estate or contact a Coldwell Banker agent to request more information.