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$888,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
  • Updated 1 hour ago
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Unique Beach property! 40 Portland Avenue, Old Lyme Beach Community. Love the Beach but not the travel to get to it . Here we have 2 separate homes on 1 lot and the main Beach home also has an in-law unit connected. Recently renovated and freshly painted. Home has many possibilities for use whether is a family home or an investment for Academic renting. It is year round living. Beach rights and just a couple of minutes with a casual stroll to the beach. Main Beach house home is 3 beds, 1 bath, In-law 1-2 bedroom, 1 bath and the Cottage is 2 bedroom, 1 bath.

Full Property Details for 40 Portland Ave

General

  • Price: $888,000
  • Taxes: (July 2025-June 2026)
  • Status: Active
  • Type: Multi-Family
  • Source: SMARTMLS
  • MLS ID: 24176261
  • Updated: 5/19/2026
  • Added to Site: 2 day(s) ago

Interior

  • Number of Rooms: 15

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 7

Other Rooms

  • Laundry: Washer/Dryer All Units

Exterior

  • Color: Grey

Parking

  • Total Spaces: 5
  • Parking: Off Street Parking, Driveway, Unpaved

Location

  • County: New London
  • Neighborhood: Sound View
  • Driving Directions: GPS friendly!

School Information

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

Community

  • Community Name: Sound View

Heating & Cooling

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

Utilities

  • Sewer: Septic
  • Water: Private Well

Structural Information

  • Architectural Style: Other
  • Construction Status: No/Resale
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Crawl Space
  • Roof: Asphalt Shingle
  • Square Feet: 2,225
  • Above Ground: 2,225 Sq. Ft.
  • Year Built: 1930

Unit Information

Unit 1

  • Square Feet: 1505
  • Total Bathrooms: 2
  • Bedrooms: 5

Unit 2

  • Square Feet: 720
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.12
  • Driveway/Sidewalk: Asphalt, Crushed Stone
  • Zoning: R-10
  • Lot Description: Level Lot

Water Features

  • Water Front Desc.: Access

Financial Considerations

  • Assessment Amount: $436,000
  • Tax Year: July 2025-June 2026

Disclosures and Reports

  • Property ID: 1555004

Listed by United Realty Plus, Banglian Gao

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Listing agent

— 40 Portland Ave —

  • Banglian Gao

    United Realty Plus

Agent Contact: (860) 518-2068 Office Contact: (860) 880-0333

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

Price & Sales History for 40 Portland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/17/2026
Listed
$888,000
50.03%
MLS
8/01/2022
Sold
$591,900
—
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 40 Portland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,076
30%
$436,000
96%
2023
$5,441
4%
$223,000
—
2023
$5,241
—
$223,000
—
2022
$5,241
1%
$223,000
—
2021
$5,196
1%
$223,000
—
2020
$5,160
-13%
$222,400
-16%
2019
$5,898
2%
$263,200
—
2018
$5,767
1%
$263,200
—
2017
$5,725
3%
$263,200
—
2016
$5,580
3%
$263,200
—
2015
$5,427
7%
$263,200
2%
2014
$5,090
2%
$258,900
—
2013
$4,974
—
$257,700
—
2011
$4,974
—
$257,700
—
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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NMLS#: 1598647

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Listed by United Realty Plus, Banglian Gao

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40 Portland Avenue, Old Lyme, CT 06371 (MLS# 24176261) is a Multi-Family property with 2 units containing 7 bedrooms and 3 full bathrooms. 40 Portland Avenue is currently listed for $888,000 and was received on May 17, 2026. Want to learn more about 40 Portland Avenue? Do you have questions about finding other Multi-Family real estate for sale in Old Lyme? You can browse all Old Lyme real estate or contact a Coldwell Banker agent to request more information.

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