Triplex with Guest
For Sale
$699,000
Pending
12 Bank Street, Groton, CT 06355
Multi-Family For Sale, Units on different Floors,Units are Side-by-Side, Groton, CT
Property Size1,995 SF
Lot Size0.19 Acres
Days on Market121
Property Features for 12 Bank Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-7
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 2, Basement, Bedroom 1, Bathroom 1
Patio and Porch features
Porch
Exterior features
Sidewalk,Porch,Deck
Basement
Full, Partially Finished
Lot features
Level Lot, Historic District
Elementary school
Per Board of Ed
High school
Fitch Senior
Directions
W Main St to Bank St, #12 on right.
Subdivision
Mystic
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
Amenities
deck
yard
Building Details
Year built
1890
Architectural style
Other
Listing Agency:
Houlihan Lawrence
(203) 438-0455
Listed By:
Kyle Neumann · License #RES.0797564
(203) 438-0455
Added: May 1
Changed: Aug 27
Last Checked: Aug 29 at 1:06AM
MLS# 24171014
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.
This 1,995-square-foot multifamily property was built in 1890 and is configured as a legal two-family residence currently operating with three units. The main level provides the largest living area, with vaulted ceilings, substantial natural light, and a deck oriented toward downtown Mystic. The upper-level unit includes a kitchenette, while a detached guest cottage offers studio-style accommodations with a full kitchen and full bath. The property also includes three bedrooms, three full baths, multiple decks, yard space, and a partially finished basement that has previously been used as office space.
Located at 12 Bank Street in Groton, the property is one block from downtown Mystic and within walking distance of the waterfront, shops, restaurants, and Mystic Seaport. Public water and public sewer serve the property. Zoning is R-7, and the exterior includes a porch, decks, and sidewalk access.
Located at 12 Bank Street in Groton, the property is one block from downtown Mystic and within walking distance of the waterfront, shops, restaurants, and Mystic Seaport. Public water and public sewer serve the property. Zoning is R-7, and the exterior includes a porch, decks, and sidewalk access.
Key Highlights
- 1,995 square feet on a 0.19‑acre lot
- Legal two‑family property currently configured as a three‑unit income‑producing asset
- Separate studio‑style guest cottage with full kitchen and full bath
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 06355, CT
12,835
Population
6,099
Households
2.1
Avg Household Size
52
Median Age
58%
College-Educated
98%
High-School Grad
14.2 sq mi
ZIP Area
904
Density / Sq Mi
$132,367
Median Household Income
$63,321
Median Earnings
$1,722
Median Rent
$416,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Flexible multifamily property with outdoor living areas and a separate studio-style cottage.
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: 1,995 square feet on a 0.19‑acre lot; Legal two‑family property currently configured as a three‑unit income‑producing asset; Separate studio‑style guest cottage with full kitchen and full bath
