$959,999
UNDER CONTRACT

1580 Hartford-New London Turnpike Montville, CT 06370

Montville Neighborhood

Estimated payment $5,939/month

Total Views 2,193
13 Beds
7 Baths
5,939 Sq Ft
$162 Price per Sq Ft

Highlights

  • 2.81 Acre Lot
  • Baseboard Heating
  • Level Lot

About This Home

Outstanding opportunity to own a fully occupied, immaculate brick, income-producing property in Montville. This asset is prestine by itself but it also includes TWO BILLBOARDS providing an additional stream of cash flow!!! 7 well-maintained units across, 12 off-street parking spots, all separately metered, storage spaces in the basement for added options, long-term tenant stability, with opportunities to add value. Zoned C-1 so much expansion potential! Low maintenance. NOI:106,830 11 CAP!! PROFORMA NOI: 144,270. **NEW EV CHARGERS ON SITE.

Listing Agent

Robyn Letourneau

Berkshire Hathaway NE Prop. License #RES.0812297 Listed on: 07/01/2025

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,490

Year Built

  • Built in 1971

Lot Details

  • 2.81 Acre Lot
  • Level Lot

Parking

  • 10 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Masonry Siding

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 7 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Apartment Living Space in Basement

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Private Company Owned Well
  • Electric Water Heater

Community Details

  • 7 Units
  • Gross Income $122,460

Listing and Financial Details

  • Assessor Parcel Number 2431827

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,490

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Other
  • Sq Ft Est Heated Above Grade: 5130
  • Sq Ft Est Heated Below Grade: 809
  • Total Sq Ft: 5939
  • Year Built: 1971
  • New Construction: No/Resale
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Directions: GPS Friendly
  • Living Area Sq Ft Per Public Record: 5130
  • Street Type: Turnpike
  • Special Features: UnderContract

Interior Features

  • Total Bedrooms: 13
  • Total Bathrooms: 7
  • Full Bathrooms: 7
  • Basement Description: Full, Apartment, Partially Finished, Liveable Space, Full With Walk-Out
  • Attic: No
  • Street Number Modifier: 1580

Exterior Features

  • Exterior Siding: Brick
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame, Brick

Garage/Parking

  • Total Parking Spaces: 10
  • Garage And Parking: None, Paved, Off Street Parking

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric, Domestic
  • Water Source: Private Well
  • Sewer: Septic

Schools

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

Lot Info

  • Acres: 2.81
  • Lot Description: Level Lot
  • Zoning: C-1
  • Parcel #: 2431827

Multi Family

  • Gross Annual Income: 122460
  • Net Operating Income: 106830
  • Total Number Of Units: 7

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 8490
  • Total Assessed Value: 294070
  • Mil Rate Total: 28.87

MLS Schools

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

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $959,999 -- $162 / Sq Ft
Source: SmartMLS

Source: SmartMLS

MLS Number: 24101776

SmartMLS
Connecticut New London County Montville 06370 Montville

1580 Hartford-New London Turnpike, Montville, CT

This home is located at 1580 Hartford-New London Turnpike, Montville, CT 06370 and is currently priced at $959,999, approximately $161 per square foot. This property was built in 1971. 1580 Hartford-New London Turnpike is a home located in New London County with nearby schools including Leonard J. Tyl Middle School, Montville High School, and Carelot Children's Center - East Lyme.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Robyn Letourneau
Listing Agent
Robyn Letourneau
Section Image
Berkshire Hathaway NE Prop.
(860) 792-8178