NOMADEReal Estate

$440,000

Active

59 School Street

Groton, Connecticut, 06340 · New London County

3

Beds

3

Baths

2,069

Sq Ft

1851

Built

MLS # 24188774

Price / Sq Ft

$213

Property Type

Multi-Family For Sale

Lot Size

0.26

Class

Property

About This Property

Opportunity awaits in the heart of Groton City's historic Groton Bank neighborhood! This three-family property is filled with timeless charm, featuring high ceilings, original character, and seasonal water views of the Thames River. Rich in architectural character, this property presents an excellent opportunity for investors or owner-occupants looking to restore and add value. Significant improvements include a new roof (2022), updated boiler (2025), and electrical updates completed after the current owner purchased the property. Conveniently located just minutes from Electric Boat, Pfizer, the Submarine Base, downtown Groton, shopping, dining, parks, and other local amenities. Bring your vision and restore this character-filled property, preserving its historic charm while creating an outstanding investment or owner-occupied opportunity in a desirable location. Home is being sold as-is and may not qualify for all types of financing.

Property Details

59 School Street, Groton Connecticut 06340 — Multi-Family For Sale listed at $440,000.

At a Glance

3

Bedrooms

3

Bathrooms

2,069

Sq Ft

0.26

Lot Size

--

Garage

1851

Year Built

The Details

Property TypeMulti-Family For Sale
NeighborhoodNew London
Address59 School Street
MLS Number24188774
Year Built1851
Square Footage2,069
Lot Size0.26
Bedrooms3
Bathrooms3
Water SourcePublic Water Connected

Property Details

Financial

Assessed Value172900
Mil Rate Total28.91
Property Tax4999
Tax YearJuly 2025-June 2026

Property Features

Attic DescriptionFloored,Walk-up
Attic YN1
Basement DescriptionFull,Full With Hatchway
Cooling SystemNone
Driveway TypeAsphalt
Energy FeaturesStorm Doors,Storm Windows
Exterior FeaturesPorch
Exterior SidingAsbestos
Foundation TypeMasonry,Stone
Fuel Tank LocationIn Basement
Garage ParkingPaved,Off Street Parking,Driveway
Heat Fuel TypeOil
Heat TypeSteam
Hot Water DescriptionOil,Domestic
Laundry Room InfoBasement Hook-Up(s)
Roof InformationAsphalt Shingle

Other Details

ColorGrey
Lockbox Locationfront door
Parcel Number1949588
Parking Total Spaces2
Virtual Tourhttps://my.matterport.com/show/?m=GaCzig1oG1a&mls=1
ZoningR52

All Photos (35)

MARKET CONTEXTGroton
Town Median+35% vs list
$325,000
Groton, CT
Mill Rate
24.17
New London County
NYC Commute
145 min
Metro-North express
Schools
B
1 graded
LOADING COMP CLOUD…

This listing is +35% vs the Groton median. Verify against same-school-district comps before competing offers.

Contact Paula Turley

Fill out the form below and we will respond promptly.

Affordability Calculator

$440,000

Down Payment$88,000
Loan Amount$352,000
Principal & Interest$2,225/mo
Property Tax$440/mo
Insurance$100/mo
Est. Monthly$2,765/mo

Listing Agent

P

Paula Turley

CR Premier Properties

Quick Facts

StatusActive
TypeMulti-Family For Sale
ClassProperty
MLS #24188774
Last Updated2026-07-03

Virtual Tour

Walk through 59 School Street