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$315,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 19 hours ago
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INVESTORS TAKE NOTE! Seller seeking clean contract. This well-maintained two-unit multifamily property offers an excellent opportunity for investors seeking stable income and long-term value. Both units are currently occupied by reliable tenants on active leases, providing IMMEDIATE CASH FLOW DAY ONE. Unit 2 was recently turned over and features fresh paint throughout, gorgeous flooring, and abundant character that enhances its overall charm and appeal. The updates create a bright, inviting living space while preserving the property's unique personality. The home also benefits from an active solar lease, helping to offset energy costs and support efficient living. With strong tenancy and thoughtful updates, this property is a smart addition to any investment portfolio.

Full Property Details for 31 Grand St

General

  • Price: $315,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24148436
  • Updated: 1/17/2026
  • Added to Site: 6 day(s) ago

Interior

  • Number of Rooms: 8

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Location

  • County: New London
  • Driving Directions: GPS Friendly

School Information

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

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Electric
  • Heating Fuel: Electric
  • Water Heater: Domestic

Utilities

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

Structural Information

  • Architectural Style: Units on different Floors
  • Construction Status: No/Resale
  • Exterior Const.: Asbestos
  • Basement Desc.: Full, Full With Hatchway
  • Roof: Asphalt Shingle
  • Square Feet: 1,666
  • Above Ground: 1,666 Sq. Ft.
  • Year Built: 1912

Unit Information

Unit 1

  • Square Feet: 900
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Square Feet: 770
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.11
  • Zoning: C-1
  • Lot Description: Level Lot

Financial Considerations

  • Assessment Amount: $107,400
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Property ID: 2000358

Listed by Compass Connecticut, LLC, MOXIE TEAM AT RANDALL REALTORS - COMPASS, Amanda Lamborn

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Listing agent

— 31 Grand St —

  • Amanda Lamborn

    Compass Connecticut, LLC

Agent Contact: (774) 254-7970 Office Contact: (860) 572-9099

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 31 Grand St

School District:New London School District
NameGradesDistance
C.B. Jennings International Elementary Magnet
50 Mercer Street, New London, CT 06320
PK-50.4 mi
Harbor School
432 Montauk Avenue, New London, CT 06320
PK-51.1 mi
Winthrop STEM Elementary Magnet School
74 Grove Street, New London, CT 06320
K-51.3 mi
Bennie Dover Jackson Middle School
36 Waller Street, New London, CT 06320
6-80.5 mi
New London Visual and Performing Arts Magnet School
36 Waller Street, New London, CT 06320
6-110.5 mi
Science and Technology Magnet School of Southeastern Connecticut
20 Chester Street, New London, CT 06320
6-121 mi
New London High School
20 Chester Street, New London, CT 06320
9-121 mi
Nathan Hale Arts Magnet School
37 Beech Drive, New London, CT 06320
K-52.1 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 31 Grand St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/16/2026
Listed
$315,000
96.88%
MLS
7/09/2021
Sold
$160,000
—
Public Record
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 31 Grand St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,921
-1%
$107,400
—
2023
$2,954
18%
$107,400
60%
2023
$2,503
—
$67,200
—
2022
$2,507
-2%
$67,200
—
2021
$2,550
-1%
$67,200
—
2020
$2,566
-4%
$67,200
—
2019
$2,681
13%
$67,200
24%
2018
$2,367
-1%
$54,110
—
2017
$2,395
9%
$54,110
—
2016
$2,189
2%
$54,110
—
2015
$2,137
15%
$54,110
—
2014
$1,854
-26%
$54,110
-40%
2011
$2,497
—
$90,790
—
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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NMLS#: 1598647

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Listed by Compass Connecticut, LLC, MOXIE TEAM AT RANDALL REALTORS - COMPASS, Amanda Lamborn

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31 Grand Street, New London, CT 06320 (MLS# 24148436) is a Multi-Family property with 2 units containing 4 bedrooms and 2 full bathrooms. 31 Grand Street is currently listed for $315,000 and was received on January 12, 2026. Want to learn more about 31 Grand 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.

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