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$360,000
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Property Description
Welcome to 42 Spring Street, a turnkey two-family home and strong income-producing opportunity. Whether you rent both units or live in one and rent the other, this property offers real income and long-term value. The detached garage has its own electric meter and can be rented separately, providing an additional income source. Very well maintained and filled with natural light, this home is truly move-in ready. Unit 1 (first floor) offers a bright one-bedroom layout with a spacious eat-in kitchen, a comfortable living room, and an updated kitchen and bath. Unit 2 combines the second and third floors and features three spacious bedrooms with good closet space, a large eat-in kitchen, and a full bath. The upper unit includes kitchen upgrades and generous living space. Each unit has its own gas and electric meters, with gas heat and hot water serving each unit independently. Updates include a roof approximately 8 years old, updated windows and siding, and LED lighting throughout both units, inside and outside. The basement is clean, well maintained, and uncluttered. Enjoy a welcoming front porch, perfect for sitting and relaxing, plus a partially fenced backyard ideal for outdoor enjoyment. Conveniently located near Electric Boat, the Coast Guard Academy, Connecticut College, Pfizer, the train station, and the beach. An excellent opportunity for owner-occupants or investors.
Full Property Details
Full Property Details for 42 Spring St
General
- Sold For: $360,000
- Taxes: (July 2025-June 2026)
- Status: Closed
- Type: Multi-Family
- Source: SMARTMLS
- MLS ID: 24151496
- Added to Site: 104 day(s) ago
Interior
- Number of Rooms: 10
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: All Units Have Hook-Ups
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 5
- Parking: Detached Garage, Paved, Off Street Parking, Driveway
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: Window Unit
- Heating Type: Hot Water, Natural Gas
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas, 40 Gallon Tank
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
Structural Information
- Architectural Style: Units on different Floors
- Construction Status: No/Resale
- Exterior Const.: Vinyl Siding, Asbestos
- Basement Desc.: Full, Unfinished, Full With Hatchway
- Roof: Asphalt Shingle
- Square Feet: 1,760
- Above Ground: 1,760 Sq. Ft.
- Year Built: 1906
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.11
- Driveway/Sidewalk: Paved
- Zoning: R-2
- Lot Description: N/A
Financial Considerations
- Assessment Amount: $122,800
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Property ID: 1999467
Listed by CT Homes Real Estate, Angela Espinoza
Sold by RE/MAX One, Barbara Hernandez
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Schools
Schools serving 42 Spring 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 | 0.5 mi |
Harbor School 432 Montauk Avenue, New London, CT 06320 | PK-5 | 1 mi |
Winthrop STEM Elementary Magnet School 74 Grove Street, New London, CT 06320 | K-5 | 1.4 mi |
Bennie Dover Jackson Middle School 36 Waller Street, New London, CT 06320 | 6-8 | 0.6 mi |
New London Visual and Performing Arts Magnet School 36 Waller Street, New London, CT 06320 | 6-11 | 0.6 mi |
Science and Technology Magnet School of Southeastern Connecticut 20 Chester Street, New London, CT 06320 | 6-12 | 1 mi |
New London High School 20 Chester Street, New London, CT 06320 | 9-12 | 1 mi |
Nathan Hale Arts Magnet School 37 Beech Drive, New London, CT 06320 | K-5 | 2 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 42 Spring St
Date
Details
Price
Change
Source
4/23/2026
Sold
$360,000
-3.97%
MLS
2/26/2026
Price Reduced
$374,900
-1.08%
MLS
2/15/2026
Price Reduced
$379,000
-2.57%
MLS
1/28/2026
Listed
$389,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
42 Spring Street, New London, CT 06320 (MLS# 24151496) is a Multi-Family property that was sold at $360,000 on April 23, 2026. Want to learn more about 42 Spring 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.

