$580,000
SOLD AUG 22, 2025

288 Benham Rd Groton, CT 06340

6 Beds
4 Baths
3,437 Sq Ft
0.52 Acres

Recently Sold

$169 Per Sq Ft

5% Above List Price

8 Days on Market

Highlights

  • Balcony
  • Porch
  • Baseboard Heating
  • Walking Distance to Water
  • Ceiling Fan
  • Coin Laundry

About This Home

As of August 2025

Here's your chance to own a renovated 4-family property in Groton, offering fantastic returns with minimal upkeep. This well-located multifamily has undergone extensive updates, including new kitchens, bathrooms, hardwood floors and drywall. The entire building was upgraded with a newly installed, individually metered propane heating system, ensuring energy efficiency and low overhead costs. With tenant-paid utilities and coin operated laundry, this property maximizes profitability while keeping maintenance costs at a minimum, making it a prime investment opportunity. The property is ideally situated near some of Groton's largest employers, including EB, Pfizer, UConn, and is a stone's throw from Eastern Point Beach and Shennecosset Golf Course, making it easy to attract responsible tenants. Enjoy the convenience of being just minutes from New London and 10 minutes to Mystic, plus direct access to public transportation, including Amtrak and Shoreline East, for seamless travel to Boston and New York. As an added bonus, one unit is currently vacant, allowing the opportunity for the new owner to live on-site while generating rental income. The detached 2 car garage currently generates additional income. This is a must-see for savvy investors looking to capitalize on a prime location with low maintenance costs.

Last Agent to Sell the Property

Sherry Borgeson

Berkshire Hathaway NE Prop. License #RES.0756010 Listed on: 07/09/2025

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Sherry Borgeson

Berkshire Hathaway NE Prop. License #RES.0756010 Listed on: 07/09/2025

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,642

Year Built

  • Built in 1900

Lot Details

  • 0.52 Acre Lot
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shingle Siding

Interior Spaces

  • 3,437 Sq Ft Home
  • Ceiling Fan
  • Concrete Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Basement Hatchway
  • Basement Storage

Accessible Home Design

  • Multiple Entries or Exits

Outdoor Features

  • Walking Distance to Water
  • Balcony
  • Porch

Schools

  • Fitch Senior High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Oil Above Ground
  • Bottled Gas Heating
  • Propane Water Heater

Community Details

  • 4 Units
  • Coin Laundry
  • Gross Income $78,600

Listing and Financial Details

  • Assessor Parcel Number 2239075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,642

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: Groton City
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 3437
  • Total Sq Ft: 3437
  • Year Built: 1900
  • New Construction: No/Resale
  • Property Sub Type: 4 Family
  • Handicap Features: Multiple Entries/Exits
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: GPS friendly.
  • Financing Used: Conventional Fixed
  • Street Type: Road
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Basement Description: Full, Storage, Hatchway Access, Interior Access, Concrete Floor, Full With Walk-Out
  • Laundry Room Info: Coin Op Laundry
  • Attic: No
  • Street Number Modifier: 288
  • Other SqFt Description: 4 family

Exterior Features

  • Exterior Features: Balcony, Porch
  • Exterior Siding: Shingle
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Garage And Parking: Detached Garage

Utilities

  • Cooling System: Ceiling Fans, Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Bottle Gas
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Propane, Upright Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Lot Info

  • Acres: 0.52
  • Lot Description: Level Lot
  • Zoning: R52
  • Parcel #: 2239075

Multi Family

  • Gross Annual Income: 78600
  • Total Number Of Units: 4

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 6642
  • Total Assessed Value: 229740
  • Mil Rate Total: 28.91

MLS Schools

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

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Range of Values:

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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
08/22/2025 08/22/25 Sold $580,000 +5.5% $169 / Sq Ft
07/17/2025 07/17/25 Pending -- -- --
07/09/2025 07/09/25 For Sale $549,900 +35.8% $160 / Sq Ft
07/09/2021 07/09/21 Sold $405,000 -3.3% $102 / Sq Ft
05/16/2021 05/16/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $419,000 +179.3% $105 / Sq Ft
06/15/2016 06/15/16 Sold $150,000 -9.1% $38 / Sq Ft
04/22/2016 04/22/16 Pending -- -- --
04/04/2016 04/04/16 For Sale $165,000 -- $41 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sherry Borgeson

    Seller's Agent in 2025

    Sherry Borgeson

    Berkshire Hathaway Home Services

    (860) 334-0095

    3 in this area

    232 Total Sales

    Sherry Borgeson
    Section Image
  • Ted O'Brien

    Seller's Agent in 2021

    Ted O'Brien

    Compass Connecticut, LLC

    (347) 481-0964

    3 in this area

    38 Total Sales

    Ted O'Brien
    Section Image

  • E

    Seller's Agent in 2016

    Ed Stebbins

    Assist 2 Sell/Stebbins Buyer & Sellers Realty

    (860) 235-6679

    3 in this area

    8 Total Sales

    Ed Stebbins
    Section Image
  • Justin Stebbins

    Seller Co-Listing Agent in 2016

    Justin Stebbins

    Assist 2 Sell/Stebbins Buyer & Sellers Realty

    (860) 908-9007

    8 in this area

    63 Total Sales

    Justin Stebbins
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 24109711

SmartMLS
Connecticut New London County Groton 06340

288 Benham Rd, Groton, CT

This home is located at 288 Benham Rd, Groton, CT 06340 and is currently priced at $580,000, approximately $168 per square foot. This property was built in 1900. 288 Benham Rd is a home located in New London County with nearby schools including Catherine Kolnaski STEAM Magnet School, Groton Middle School, and Robert E. Fitch High School.

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