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    Three-Unit Residential Income Property Title is generated by Realmo AI

    12 Bank Street, Groton, CT 06355

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    Claim this Listing
    Pending
    $699,000

    MULTI_FAMILY - Groton, CT

    Property size:
    1,995 SF
    Lot size:
    0.19 Acres
    Added:
    May 1, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 16 at 11:06 pm

    Property Features for 12 Bank Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-7
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1
    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

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    Listing Contact
    Kyle Neumann
    Kyle Neumann

    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.

    HighLights

    • Configured as a legal two‑family and currently used as a three‑unit income‑producing property
    • Three bedrooms and three full bathrooms across the main home and separate guest cottage
    • Basement is partially finished and has previously served as office space
    • Central air and baseboard heating; public water and public sewer
    • Outdoor space includes a porch, deck(s), and yard area
    • Built in 1890, with interior spaces including vaulted ceilings and multiple bedroom/bathroom rooms

    Overview

    This property is a versatile multifamily residence configured as a legal two-family but currently utilized as a three-unit income-producing property. The main level includes the largest living space with vaulted ceilings, abundant natural light, and access to a spacious deck overlooking downtown Mystic. A partially finished basement below has previously served as office space, adding practical flexibility.

    The upper level functions as an additional unit with its own kitchenette. A separate guest cottage provides studio-style living with a full kitchen and a full bath. In total, the property offers three bedrooms and three full baths, along with multiple outdoor decks and yard space.

    For buyers or operators seeking a property that can support multiple separate living setups, this layout offers a clear path to maintain the existing unit structure or reconfigure within the underlying two-family framework. The outdoor decks and yard areas provide usable space for day-to-day living, while the basement’s prior office use may support work-from-home needs depending on how the space is finished and permitted. With downtown Mystic and the waterfront within walking distance, the asset also fits tenants who prefer an in-town, coastal lifestyle.
    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

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Groton
    County
    New London
    State
    Connecticut
    Longitude
    -71.971799
    Latitude
    41.35559

    FAQs

    What type of property is this?
    Multifamily property - Versatile multifamily home configured as a legal two-family and currently operated as three units with multiple outdoor decks.
    Where is this multifamily property 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: Configured as a legal two‑family and currently used as a three‑unit income‑producing property; Three bedrooms and three full bathrooms across the main home and separate guest cottage; Basement is partially finished and has previously served as office space
    More about this property
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