PENDING
$25K PRICE DROP
205 Shaw St New London, CT 06320
Willetts NeighborhoodEstimated payment $3,273/month
Total Views
27,607
9
Beds
4
Baths
2,400
Sq Ft
$219
Price per Sq Ft
About This Home
Attention investors! 205 Shaw Street is a value-add 4-family investment property offering immediate cash flow over an 8.2 cap with potential to stabilize over a 9.5 CAP. This prime value-add opportunity features full occupancy, with recent renovations in all four units. Basement unit and Unit 2 are completely renovated 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 an asset with strong upside in a thriving market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,488
Year Built
- Built in 1900
Lot Details
- 6,534 Sq Ft Lot
- Corner Lot
Home Design
- 2,400 Sq Ft Home
- Gable Roof Shape
- Stone Foundation
- Stone Frame
- Frame Construction
- Vinyl Siding
- Stone
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Apartment Living Space in Basement
Schools
- Harbor Elementary School
- New London High School
Utilities
- Gas Available at Street
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 1998672
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,488 | $165,000 | $41,000 | $124,000 |
| 2024 | $4,362 | $158,600 | $41,000 | $117,600 |
| 2023 | $4,197 | $112,700 | $32,690 | $80,010 |
| 2022 | $4,205 | $112,700 | $32,690 | $80,010 |
| 2021 | $4,277 | $112,700 | $32,690 | $80,010 |
| 2020 | $4,304 | $112,700 | $32,690 | $80,010 |
| 2019 | $4,497 | $112,700 | $32,690 | $80,010 |
| 2018 | $3,530 | $80,710 | $31,430 | $49,280 |
| 2017 | $3,572 | $80,710 | $31,430 | $49,280 |
| 2016 | $3,266 | $80,710 | $31,430 | $49,280 |
| 2015 | $3,187 | $80,710 | $31,430 | $49,280 |
| 2014 | $2,766 | $80,710 | $31,430 | $49,280 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2025 05/14/25 | Pending | -- | -- | -- |
| 04/10/2025 04/10/25 | Price Changed | $524,900 | -1.9% | $219 / Sq Ft |
| 02/25/2025 02/25/25 | Price Changed | $534,900 | -2.7% | $223 / Sq Ft |
| 01/20/2025 01/20/25 | For Sale | $549,900 | 0.0% | $229 / Sq Ft |
| 01/10/2025 01/10/25 | Pending | -- | -- | -- |
| 12/06/2024 12/06/24 | For Sale | $549,900 | -- | $229 / Sq Ft |
Source: SmartMLS
Similar Homes in New London, CT
Source: SmartMLS
MLS Number: 24063083
APN: NLON M:F16 B:0092 L:0010
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