153 Bank Street, New London, CT 06320 - Photo 1

1/1

$2,450,000

For Sale
Active
Commercial

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Property Description

Mixed-use property with 4 commercial units and 6 apartments located in the heart of downtown New London. This 17,378 SF, 3 story building has 4 commercial units in 3,942 SF on the ground level SF commercial and 6 apartments on the 7,884 SF second and third floors. There is a 3,942 SF basement. NOI approximately $117,227. Two of the commercial units are recently vacant so there is room to increase NOI. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.

Full Property Details

Full Property Details for 153 Bank St

General

Price: $2,450,000
Taxes: (July 2025-June 2026)
Status: Active
Type: Commercial
Source: SMARTMLS
MLS ID: 24150715
Updated: 3/10/2026
Added to Site: 56 day(s) ago

Rooms

Bathrooms

Restrooms: 10

Location

County: New London
Driving Directions: GPS friendly.

Heating & Cooling

Cooling Type: Split System
Heating Type: Heat Pump, Natural Gas
Heating Fuel: Natural Gas

Utilities

Sewer: Public Sewer Connected
Water: Public Water Connected
Utility Description: Electric Available, Gas Available, Phone Available

Structural Information

Roof: Tar/Gravel
Stories/Levels: 3
Stories in Building: 3
Square Feet: 17,378
Sq. Ft. Source: Public Records
Year Built: 1927

Lot Features

Lot Size (Acres): 0.18
Frontage: Municipal Street
Zoning: CBD-1
Lot Description: Level Lot

Financial Considerations

Assessment Amount: $627,400
Tax Year: July 2025-June 2026

Disclosures and Reports

Documents Avail.: Brochure
Property ID: 1999801

Listed by U.S. Properties Real Estate Services, LLC, Constance Howard and U.S. Properties Real Estate Services, LLC, Susan Howard Cihocki

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Listing agents

— 153 Bank St —

Constance Howard

U.S. Properties Real Estate Services, LLC
Susan Howard Cihocki

U.S. Properties Real Estate Services, LLC

Agent Contact: (615) 293-3878 Office Contact: (860) 691-2011

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NMLS#: 1598647

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Schools

Schools serving 153 Bank St

School District:New London School District

Name	Grades	Distance
C.B. Jennings International Elementary Magnet 50 Mercer Street, New London, CT 06320	PK-5	0.6 mi
Winthrop STEM Elementary Magnet School 74 Grove Street, New London, CT 06320	K-5	1.1 mi
Harbor School 432 Montauk Avenue, New London, CT 06320	PK-5	1.2 mi
Bennie Dover Jackson Middle School 36 Waller Street, New London, CT 06320	6-8	0.7 mi
New London Visual and Performing Arts Magnet School 36 Waller Street, New London, CT 06320	6-11	0.7 mi
New London High School 20 Chester Street, New London, CT 06320	9-12	1.4 mi
Science and Technology Magnet School of Southeastern Connecticut 20 Chester Street, New London, CT 06320	6-12	1.4 mi
Nathan Hale Arts Magnet School 37 Beech Drive, New London, CT 06320	K-5	2.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 153 Bank St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/06/2026

Listed

$2,450,000

—

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

Tax History for 153 Bank St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$17,686

-1%

$627,400

—

2023

$17,881

-15%

$627,400

15%

2023

$20,916

—

$544,250

—

2022

$20,932

-2%

$544,250

—

2021

$21,307

-1%

$544,250

—

2020

$21,438

-4%

$544,250

—

2019

$22,369

-6%

$544,250

2018

$23,885

$529,130

—

2017

$23,419

15%

$529,130

2016

$20,295

196%

$485,170

179%

2015

$6,867

27%

$173,880

10%

2014

$5,402

-52%

$157,640

-61%

2011

$11,205

—

$407,470

—

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.

Estimate the Cost

Estimate the Cost for 153 Bank St

153 Bank Street, New London, CT 06320 (MLS# 24150715) is a Commercial property. 153 Bank Street is currently listed for $2,450,000 and was received on February 06, 2026. Want to learn more about 153 Bank Street? Do you have questions about finding other Commercial real estate for sale in New London? You can browse all New London real estate or contact a Coldwell Banker agent to request more information.

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153 Bank St New London, CT 06320