205 Shaw Street

New London, CT 06320

$549,900
Price
8
Beds
4
Baths
2,400 Sq. Ft.
$229 / Sq. Ft.
2,400
Sq. Ft.
$229
per Sq. Ft.

Description

Attention investors and owner-occupants! Welcome to 205 Shaw Street, a 4-family property offering immediate cash flow with an 8 CAP and potential to stabilize at an impressive 9.5 CAP. This prime value-add opportunity features three occupied units. All four units have been updated: Two units with partial upgrades (new flooring and bathroom updates) and two units with complete, beautiful renovations featuring brand-new vinyl flooring, stainless steel appliances, and modern finishes, appealing to today's...Attention investors and owner-occupants! Welcome to 205 Shaw Street, a 4-family property offering immediate cash flow with an 8 CAP and potential to stabilize at an impressive 9.5 CAP. This prime value-add opportunity features three occupied units. All four units have been updated: Two units with partial upgrades (new flooring and bathroom updates) and two units with complete, beautiful renovations 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 a cash-flowing asset in a thriving market. This gem won't last-lock it in today!
  1. Listed by Micah Bailey • Alpha Capital Realty, LLC
    P: (305)-951-9865 C: (305)-951-9865 micah@alphacapitalfunds.com

Property Details for 205 Shaw Street

Basement Description
Full, Apartment
Direct Waterfront
No
Garages Number
0
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
None
Swimming Pool
No
LISTING UPDATED: 12/11/2024 02:58 AM

Property Details for 205 Shaw Street

StatusActive
MLS #24063083
Days on Market11
Taxes$4,362 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 4 Family
Year Built1900
Lot Size0.15 AC / 6,534 SF
CountyNew London County

Building Information for 205 Shaw Street

Stories-Residences4Year Built1900Building Size-Lot Size0.15 AC / 6,534 SF

Property Information for 205 Shaw Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: From I-95, take Exit 83 for Broad St toward Downtown New London. Turn right onto Broad St, go 0.8 miles, turn left onto Connecticut Ave, then right onto Shaw St. 205 Shaw St will be on your right.
  • Elementary School: Harbor
  • High School: New London
  • Latitude: 41.343113
  • Longitude: -72.100921
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $4,362
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Hot Air
  • Attic YN: No
  • Fireplaces Total: 0
  • Rooms Total: 13
Property
Property and Assessments
  • Color: White
  • Construction Description: Frame, Stone
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • New Construction Type: No/Resale
  • Roof: Gable
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 2400
Lot Information
  • Lot Description: Corner Lot
  • Parcel Number: 1998672
  • Sq Ft Est Heated Above Grade: 2400.0
  • Sq Ft Total: 2400.0
  • Zoning: R-2
Utilities
  • Heat Fuel Type: Gas In Street
  • Hot Water Description: 40 Gallon Tank
  • Sewage System: Public Sewer In Street
  • Water Source: Public Water In Street
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 4
  • Total Rooms Multi Family: 13
Unit 1
  • Listing Key: 2889EA02BBD2F497E063D501100A6BC4
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 12-06-2024
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 4
  • Unit Occupied By: Vacant
Unit 2
  • Lease: Leased
  • Lease Expires: 06-30-2025
  • Listing Key: 2889EA02BBD2F497E063D501100A6BC4
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 12-06-2024
  • Unit Monthly Rent: $1,350
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Lease Expires: 10-31-2025
  • Listing Key: 2889EA02BBD2F497E063D501100A6BC4
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 12-06-2024
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Lease Expires: 11-30-2025
  • Listing Key: 2889EA02BBD2F497E063D501100A6BC4
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 12-06-2024
  • Unit Monthly Rent: $1,100
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant

Property History for 205 Shaw Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 205 Shaw Street

Taxable ValueLand$32,690Additions$80,010Total$112,700
Tax Record2023$4,197 ($350 / month)
Home Facts
Baths4.5Total Finished SqFt2,400 SqFtAbove Grade Finished SqFt2,400 SqFtStories2Lot Size6,612 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyNEW LONDONAPNNLON M:F16 B:0092 L:0010

Schools near 205 Shaw Street

This home is within New London School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Harbor School
PublicK to 5

Bennie Dover Jackson Middle School
Public6 to 8

New London High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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205 Shaw Street is a multi-family home for sale in New London, CT 06320. This property was listed for sale on December 6, 2024 by Alpha Capital Realty, LLC, it's currently listed at $549,900. It has been on the market for a total of 11 days and was last sold on October 17, 2023. This listing's school district is New London School District. Nearby schools include Harbor School, Bennie Dover Jackson Middle School and New London High School. 205 Shaw Street is a 8-bed, 4-bath, 2,400 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Alpha Capital Realty, LLC, Micah Bailey

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.