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Triplex Income Property

12 Bank Street Groton, CT 06355

12 Bank Street, Groton, CT, 06355
$699,000
Pending
For Sale
Claim this Listing
$699,000
Pending

MULTI_FAMILY - Groton, CT

Property Size1,995 SF
Lot Size0.19 Acres
AddedMay 1
Days on Market77
Last RefreshJul 16 at 9:06 am

Property Features for 12 Bank Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R-7
Bedrooms
3
Bathrooms
3
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Basement, Bedroom 1, Bedroom 2, Bathroom 3
Patio and Porch features
Porch
Exterior features
Sidewalk,Porch,Deck
Basement
Full, Partially Finished
Standard status
Pending
Size
1,995 SF
Lot size
0.19 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
9723

Utilities

Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air
Water source
Public

Building Details

Year built
1890
Architectural style
Other

Listing agent Kyle Neumann License #RES.0797564

Listing office Houlihan Lawrence 395 Main Street, Ridgefield, CT

Listing date May 1, 2026

MLS# 24171014 Listing URL

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

12 Bank Street offers a versatile income configuration in Groton, CT, positioned just one block from the heart of downtown Mystic and within walking distance of the waterfront, shops, restaurants, and Mystic Seaport. The property is legally configured as a two-family home but is currently utilized as a three-unit rental arrangement, creating flexibility for investors and end users.

The main level features the largest living space, including vaulted ceilings and abundant natural light, plus access to a spacious deck that overlooks downtown Mystic. A partially finished basement below has previously served as office space. The upper level functions as an additional unit with its own kitchenette, while a separate guest cottage provides studio-style living with a full kitchen and full bath.

In total, the property provides three bedrooms and three full baths, along with multiple outdoor decks and yard space.

Key Highlights

  • Legal two‑family currently used as a three‑unit income‑producing property with flexible layout for investors or end users
  • 3 bedrooms and 3 full baths total, including an upper‑level unit with its own kitchenette
  • Separate guest cottage offers studio‑style living with a full kitchen and full bath

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Auto Repair Shop HVAC Service Daycare Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store Carpet & Flooring Store Plumbing Service Tech Support Center Pet Grooming Service Barber Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Currently used as a three-unit income property with outdoor decks and yard space under R-7 zoning.
Where is this triplex located?
The property is located at 12 Bank Street Groton, CT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Legal two‑family currently used as a three‑unit income‑producing property with flexible layout for investors or end users; 3 bedrooms and 3 full baths total, including an upper‑level unit with its own kitchenette; Separate guest cottage offers studio‑style living with a full kitchen and full bath
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