$3,895,000
$305K PRICE DROP

68-70 Black Point Rd East Lyme, CT 06357

Niantic Neighborhood

Estimated payment $21,747/month

Total Views 19,933
14 Beds
10 Baths
5,907 Sq Ft
$659 Price per Sq Ft

Highlights

  • 2.27 Acre Lot
  • Walking Distance to Water
  • Baseboard Heating
  • East Lyme Middle School Rated A-

About This Home

Multi-Family Property in a highly sought after year round beach community! Investors take note! Property Highlights: Prime Location: Walking distance to multiple public beaches, one of Connecticut's oldest bakeries, public boardwalks and parks, top-rated pizza shops, ice cream shops, restaurants and even a live theater making this a perfect location for renters and vacationers alike. 11 Units: The largest multi-family available for sale on the South Eastern CT Shoreline. 2.27 Acres: Room for expansion, additional amenities or boutique resort style development. Cash Flow & Appreciation: This property is located in a quickly appreciating classic New England coastal town with high long term, medium term and short term rental demand. Located close to Millstone, Electric Boat, Pfizer and Camp Nett demand is sure to stay high! Whether you are looking to develop a thriving Airbnb portfolio or capitalize on the high demand for long term rentals in this area this property is an great investment opportunity.

Last Listed By

Adam Velez

eXp Realty License #RES.0815567 Listed on: 02/28/2025

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,908

Year Built

  • Built in 1950

Home Design

  • Concrete Foundation
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 5,907 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Full Bathrooms

Schools

  • Lillie B. Haynes Elementary School
  • East Lyme High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Additional Features

  • Walking Distance to Water
  • 2.27 Acre Lot

Community Details

  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 1467457

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,908

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Neighborhood: Black Point
  • Property Type: Multi-Family For Sale
  • Style: Other
  • Sq Ft Est Heated Above Grade: 5907
  • Total Sq Ft: 5907
  • Year Built: 1950
  • New Construction: No/Resale
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: Yes
  • Directions: Coming Westward from Rope Ferry Rd. take a left onto Black Point Rd. and property is 0.3mi in on your left.
  • Street Type: Road
  • Special Features: None

Interior Features

  • Total Bedrooms: 14
  • Total Bathrooms: 10
  • Full Bathrooms: 10
  • Basement Description: Full
  • Attic: No
  • Street Number Modifier: 68-70
  • Other SqFt Description: Renovated units

Exterior Features

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

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Upright Tank
  • Water Source: Public Water Connected
  • Sewer: Septic

Schools

  • Elementary School: Lillie B. Haynes
  • High School: East Lyme

Lot Info

  • Acres: 2.27
  • Lot Description: Secluded Lightly Wooded Level Lot
  • Zoning: R40
  • Parcel #: 1467457

Multi Family

  • Total Number Of Units: 11

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 12908
  • Total Assessed Value: 489860
  • Mil Rate Total: 26.35

MLS Schools

  • Elementary School: Lillie B. Haynes
  • High School: East Lyme

Map

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 Price Changed $3,895,000 -2.5% $659 / Sq Ft
03/22/2025 03/22/25 Price Changed $3,995,000 -4.9% $676 / Sq Ft
02/28/2025 02/28/25 For Sale $4,200,000 -- $711 / Sq Ft
Source: SmartMLS

Source: SmartMLS

MLS Number: 24077288

SmartMLS

APN: ELYM M:011.4 B:00128 L:00000

Connecticut New London County East Lyme 06357 Niantic

68-70 Black Point Rd, East Lyme, CT

This home is located at 68-70 Black Point Rd, East Lyme, CT 06357 and is currently priced at $3,895,000, approximately $659 per square foot. This property was built in 1950. 68-70 Black Point Rd is a home located in New London County with nearby schools including East Lyme Middle School, East Lyme High School, and The Light House Voc-Ed Center.

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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Adam Velez
Listing Agent
Adam Velez
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eXp Realty
(860) 764-3930