NOT LISTED FOR SALE

65 Shaw St New London, CT 06320

Willetts Neighborhood

Estimated Value: $612,563

7 Beds
5 Baths
3,557 Sq Ft
$172/Sq Ft Est. Value

Last Sold May 13, 2025

Last sale price $595,000 $167 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,794/month

14 Days on Market

Highlights

  • Attic
  • Hot Water Circulator
  • Hot Water Heating System
  • Corner Lot

About This Home

As of May 2025

Investors, 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

Micah Bailey

Sky Realty Group License #RES.0828333 Listed on: 01/19/2025

Last Buyer's Agent

Micah Bailey

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,908

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 3557
  • Total Sq Ft: 3557
  • Year Built: 1900
  • New Construction: No/Resale
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Directions: Take I-95 S to Exit 83 (Broad St/Waterford). Turn left onto Broad St, then right onto Shaw St. 205 Shaw St will be on your left.
  • Financing Used: Conventional Fixed
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Attic Description: Crawl Space, Access Via Hatch
  • Basement Description: Full, Unfinished
  • Laundry Room Info: None
  • Attic: Yes

Exterior Features

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

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Hot Water
  • Heat Fuel Type: Gas In Street
  • Hot Water Description: 50 Gallon Tank, 40 Gallon Tank
  • Water Source: Public Water In Street
  • Sewer: Public Sewer In Street

Lot Info

  • Acres: 0.21
  • Lot Description: Corner Lot
  • Zoning: R-2
  • Parcel #: 1999666

Multi Family

  • Total Number Of Units: 5

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 6908

MLS Schools

  • Elementary School: Harbor
  • High School: New London

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
$612,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,563
Avg. Annual Appreciation
5.75%
Original Mortgage
$348,000
Outstanding Balance
$346,768
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$265,795

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
200 Montauk Ave Llc $595,000 None Available
200 Montauk Ave Llc $595,000 None Available
Alpha New London Llc $263,889 None Available
Alpha New London Llc $263,889 None Available
Parke Ewart G $185,000 --
Parke Ewart G $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 200 Montauk Ave Llc $348,000
Closed 200 Montauk Ave Llc $348,000
Previous Owner Alpha New London Llc $398,200
Previous Owner Parke Ewart G $182,141
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

Source: Public Records

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

    Micah Bailey
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Map

Source: SmartMLS

MLS Number: 24069261

SmartMLS

APN: NLON-000026-000121-000007

Connecticut New London County New London 06320 Willetts

65 Shaw St, New London, CT

Not Listed for Sale

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