7 Franklin Street

New London, CT 06320

$429,900
Price
4
Beds
3
Baths
2,253 Sq. Ft.
$191 / Sq. Ft.
2,253
Sq. Ft.
$191
per Sq. Ft.

Description

Charming Historic 3-Family Multi-Unit Property with Great Income Potential! Welcome to 7 Franklin St, a beautifully maintained and tastefully updated historic building located in a prime area just minutes from downtown, The Garde Arts Center, Electric Boat, Connecticut College, and the Sub Base. This multi-family property boasts three well-appointed units, offering fantastic flexibility for investors and owner-occupants alike. Two units currently have reliable, long-term tenants, while the third...Charming Historic 3-Family Multi-Unit Property with Great Income Potential! Welcome to 7 Franklin St, a beautifully maintained and tastefully updated historic building located in a prime area just minutes from downtown, The Garde Arts Center, Electric Boat, Connecticut College, and the Sub Base. This multi-family property boasts three well-appointed units, offering fantastic flexibility for investors and owner-occupants alike. Two units currently have reliable, long-term tenants, while the third is ready for immediate occupancy or the next tenant. Each unit has been thoughtfully renovated, blending modern conveniences with classic charm. With close proximity to local amenities and the potential for significant rental income, 7 Franklin St is a rare opportunity in a sought-after location. Don't miss out on the chance to own this exceptional income-generating property.
  1. Listed by Denise G Moore • Kazantzis Real Estate, LLC
    P: (860)-917-0203 C: (860)-917-0203 denisemoore.home@gmail.com

Property Details for 7 Franklin Street

Basement Description
Full, Partially Finished, Full With Walk-Out
Direct Waterfront
No
Expected Active Date
11-16-2024
Neighborhood
N/A
Style
3updown - Unit(s) per Floor
Garage Parking Info
None
Swimming Pool
No
Expected On Market Date
11-16-2024
LISTING UPDATED: 11/16/2024 05:05 AM

Property Details for 7 Franklin Street

StatusActive
MLS #24059680
Days on Market1
Taxes$4,457 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 3 Family
Year Built1887
Lot Size0.04 AC / 1,742 SF
CountyNew London County

Building Information for 7 Franklin Street

Stories-Residences3Year Built1887Building Size-Lot Size0.04 AC / 1,742 SF

Property Information for 7 Franklin Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly
  • Elementary School: Per Board of Ed
  • High School: New London
  • Latitude: 41.354199
  • Longitude: -72.100899
  • Neighborhood Amenities: Medical Facilities, Park, Public Transportation
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $4,457
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Crawl Space, Access Via Hatch
  • Cooling System: None
  • Heat Type: Baseboard
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Laundry Room Info: None
  • Rooms Total: 13
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Clapboard
  • Foundation Type: Concrete
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle, Gable
  • Year Built: 1887
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 2000302
  • Sq Ft Est Heated Above Grade: 2253.0
  • Sq Ft Total: 2253.0
  • Zoning: C-1
Utilities
  • Heat Fuel Type: Electric
  • Hot Water Description: Domestic
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 3
  • Total Rooms Multi Family: 13
Unit 1
  • Listing Key: 26CEAF9B148709D0E063D501100A723C
  • Unit Average Sq Ft: 815
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 11-15-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Vacant
Unit 2
  • Lease: Leased
  • Listing Key: 26CEAF9B148709D0E063D501100A723C
  • Unit Average Sq Ft: 867
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 11-15-2024
  • Unit Monthly Rent: $1,000
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Listing Key: 26CEAF9B148709D0E063D501100A723C
  • Unit Average Sq Ft: 815
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 11-15-2024
  • Unit Monthly Rent: $1,300
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant

Property History for 7 Franklin 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 7 Franklin Street

Taxable ValueLand$26,100Additions$130,300Total$156,400
Tax Record2024$4,457 ($371 / month)
Home Facts
Baths3Total Finished SqFt2,253 SqFtAbove Grade Finished SqFt2,253 SqFtStories3Lot Size1,873 SqFtStyleTriplexYear Built1887CountyNEW LONDONAPNNLON M:F12 B:0172 L:0021

Schools near 7 Franklin 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.

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7 Franklin Street is a multi-family home for sale in New London, CT 06320. This property was listed for sale on November 14, 2024 by Kazantzis Real Estate, LLC, it's currently listed at $429,900. It has been on the market for a total of 1 days and was last sold on March 7, 2005. 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. 7 Franklin Street is a 4-bed, 3-bath, 2,253 sqft multi-family home built in 1887.

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 Kazantzis Real Estate, LLC, Denise G Moore

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.