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$500,000
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Property Description
Attention investors! 205 Shaw Street is a value-add 4-family investment property offering immediate cash flow over an 8.2 cap with potential to stabilize over a 9.5 CAP. This prime value-add opportunity features full occupancy, with recent renovations in all four units. Basement unit and Unit 2 are completely renovated 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 an asset with strong upside in a thriving market.
Full Property Details
Full Property Details for 205 Shaw St
General
- Sold For: $500,000
- Taxes: (July 2025-June 2026)
- Status: Closed
- Type: Multi-Family
- Source: SMARTMLS
- MLS ID: 24063083
- Added to Site: 412 day(s) ago
Interior
- Number of Rooms: 13
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 9
Exterior
- Color: White
Parking
- Parking: None
Location
- County: New London
- Driving Directions: GPS
School Information
- Elementary School: Harbor
- High School: New London
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Air, Gas In Street
- Heating Fuel: Gas In Street
- Water Heater: 40 Gallon Tank
Utilities
- Sewer: Public Sewer In Street
- Water: Public Water In Street
Structural Information
- Architectural Style: Units on different Floors
- Construction Status: No/Resale
- Exterior Const.: Vinyl Siding
- Basement Desc.: Full, Apartment
- Roof: Gable
- Square Feet: 2,400
- Above Ground: 2,400 Sq. Ft.
- Year Built: 1900
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Total Bathrooms: 1
- Bedrooms: 3
Unit 4
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.15
- Zoning: R-2
- Lot Description: Corner Lot
Financial Considerations
- Assessment Amount: $165,000
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Property ID: 1998672
Listed by Alpha Capital Realty, LLC, Micah Bailey and Alpha Capital Realty, LLC, Anthony DeLorenzo
Sold by RE/MAX One, Kareema Williams
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Schools
Schools serving 205 Shaw St
School District:New London School District
| Name | Grades | Distance |
|---|---|---|
Harbor School 432 Montauk Avenue, New London, CT 06320 | PK-5 | 0.5 mi |
Bennie Dover Jackson Middle School 36 Waller Street, New London, CT 06320 | 6-8 | 1 mi |
New London High School 20 Chester Street, New London, CT 06320 | 9-12 | 1.6 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 205 Shaw St
Date
Details
Price
Change
Source
8/02/2025
Sold
$500,000
-4.74%
MLS
4/10/2025
Price Reduced
$524,900
-1.87%
MLS
2/25/2025
Price Reduced
$534,900
-2.73%
MLS
12/06/2024
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.
205 Shaw Street, New London, CT 06320 (MLS# 24063083) is a Multi-Family property that was sold at $500,000 on August 02, 2025. Want to learn more about 205 Shaw Street? Do you have questions about finding other Multi-Family 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.

