31 & 25 Franklin Street, New London, CT


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Square feet



About 31 & 25 Franklin Street

This large Multi-Family property on a corner lot, awaits to be added to your investment portfolio before the new year! Within walking distance to downtown, these two buildings share one lot! Five units are occupied with long term tenants, and there are three units that need to be renovated. Below market rents but lots of potential! Large barn in back (entrance on Cottage St) has been torn down. The 5 Unit building has Solar panels to assist with energy costs, which also has newer vinyl siding. The basement apartment is in need of renovation. Tenants would like to stay, however the tenant in building 25 Unit 1 is vacating. This unit has 3 bedrooms 2 full baths, the second and third floor units in building 25 are fully gutted and needs renovations. Buyer to do own due diligence. Please do not disturb the tenants or walk the property without an appointment on Sundays and Thursdays only. Estate Sale, probate approval not needed, selling As-Is.

Features of 31 & 25 Franklin Street

MLS® # 170595223
Price $675,000
Bathrooms 0.00
Square Footage 5,080
Acres 0.31
Year Built 1890
Type Multi-Family For Sale
Sub-Type 5 Family+
Status Under Contract - Continue to Show

Community Information

Address 31 & 25 Franklin Street
Area N/A
City New London
County New London
State CT
Zip Code 06320


Parking On Street Parking
Is Waterfront No
Waterfront Not Applicable
Has Pool No


Heating Hot Air, Natural Gas
Cooling None
Fireplace No


Exterior Vinyl Siding, Clapboard, Wood
Exterior Features Porch, Sidewalk
Lot Description Level Lot, Corner Lot
Roof Asphalt Shingle
Foundation Stone

School Information

Elementary Per Board of Ed
High Per Board of Ed

Additional Information

Date Listed September 1st, 2023
Days on Market 22
Zoning R-3
RE / Bank Owned No

Listing Details


Listing Map

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