65 Shaw St New London, CT 06320
Willetts Neighborhood
7
Beds
5
Baths
3,557
Sq Ft
9,148
Sq Ft Lot
Highlights
- Attic
- Hot Water Circulator
- Hot Water Heating System
- Corner Lot
About This Home
As of May 2025Investors, don't miss this solid value-add opportunity in New London! Located at 65 Shaw Street, this 5-unit multifamily property consists of two buildings: a 3,125 square foot, 4-unit main building and a separate 432 square foot studio unit, which is residential but is also zoned commercial, offering additional potential. The asset performs at a 7.79 cap with no vacancy, with strong upside to run at a 9.03 cap fully stabilized. You will have a mix of 2 bedrooms, 1 bedrooms and a studio unit. Two units have been fully renovated, one partially renovated, and two are ready for updates, creating a fantastic opportunity for any value-add investor. Situated in an area with strong rental demand and steady job growth, this property is perfect for expanding your portfolio.
Last Agent to Sell the Property
Sky Realty Group License #RES.0828333 Listed on: 01/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,908
Year Built
- Built in 1900
Lot Details
- 9,148 Sq Ft Lot
- Corner Lot
Home Design
- Side-by-Side
- Brick Exterior Construction
- Brick Foundation
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3,557 Sq Ft Home
- Attic or Crawl Hatchway Insulated
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Crawl Space
Schools
- Harbor Elementary School
- New London High School
Utilities
- Hot Water Heating System
- Gas Available at Street
- Hot Water Circulator
Community Details
- 5 Units
Listing and Financial Details
- Assessor Parcel Number 1999666
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 19, 2025
Closed on
May 9, 2025
Sold by
Alpha New London Llc
Bought by
200 Montauk Ave Llc
Seller's Agent
Micah Bailey
Sky Realty Group
Buyer's Agent
Micah Bailey
Sky Realty Group
List Price
$649,900
Sold Price
$595,000
Premium/Discount to List
-$54,900
-8.45%
Views
35
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,428
Avg. Annual Appreciation
0.89%
Original Mortgage
$348,000
Outstanding Balance
$347,387
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$249,041
Purchase Details
Closed on
Oct 17, 2023
Sold by
Perkins Elaine and Perkins Maloyid
Bought by
Alpha New London Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,200
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 2, 2007
Sold by
Perkins Elaine and Perkins Maloyid
Bought by
Parke Ewart G and Parke Donnette
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,141
Interest Rate
6.24%
Mortgage Type
Commercial
Similar Homes in New London, CT
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $595,000 | None Available | |
| Warranty Deed | $595,000 | None Available | |
| Warranty Deed | $263,889 | None Available | |
| Warranty Deed | $263,889 | None Available | |
| Warranty Deed | $185,000 | -- | |
| Warranty Deed | $185,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $348,000 | Purchase Money Mortgage | |
| Closed | $348,000 | Purchase Money Mortgage | |
| Previous Owner | $398,200 | Purchase Money Mortgage | |
| Previous Owner | $182,141 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2025 05/13/25 | Sold | $595,000 | -8.4% | $167 / Sq Ft |
| 01/24/2025 01/24/25 | For Sale | $649,900 | -- | $183 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $6,833 | $251,200 | $101,400 | $149,800 |
| 2024 | $6,908 | $251,200 | $101,400 | $149,800 |
| 2023 | $6,434 | $172,760 | $86,030 | $86,730 |
| 2022 | $6,446 | $172,760 | $86,030 | $86,730 |
| 2021 | $6,556 | $172,760 | $86,030 | $86,730 |
| 2020 | $6,598 | $172,760 | $86,030 | $86,730 |
| 2019 | $6,893 | $172,760 | $86,030 | $86,730 |
| 2018 | $6,764 | $154,630 | $82,250 | $72,380 |
| 2017 | $6,844 | $154,630 | $82,250 | $72,380 |
| 2016 | $6,256 | $154,630 | $82,250 | $72,380 |
| 2015 | $6,106 | $154,630 | $82,250 | $72,380 |
| 2014 | $5,299 | $154,630 | $82,250 | $72,380 |
Source: Public Records
Agents Affiliated with this Home
-
Micah Bailey
Seller's Agent in 2025
Micah Bailey
Sky Realty Group
(305) 951-9865
2 in this area
12 Total Sales
Map
Source: SmartMLS
MLS Number: 24069261
APN: NLON-000026-000121-000007
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