40 Portland Ave Old Lyme, CT 06371

Building Details

Year Built

1930

Listing office RE/MAX United b***@gmail.com Show Phone

Listing date May 19, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

Located in the Old Lyme Beach Community, this unique property at 40 Portland Avenue features two separate homes on one lot. The main beach house includes an attached in-law unit. The property has been recently renovated and freshly painted, offering possibilities for use as a family home or an investment for academic renting, suitable for year-round living. Beach rights are included, with the beach just a short walk away. The main beach house has 3 bedrooms and 1 bathroom, while the in-law unit has 1 to 2 bedrooms and 1 bathroom. The cottage has 2 bedrooms and 1 bathroom. The bike score is 37, indicating it is somewhat bikeable, and the walk score is 33, suggesting car dependence.

Key Highlights

• Beach rights and a short walk to the beach.
• Two separate homes on one lot, offering flexibility.
• Main house includes a connected in‑law unit.

Property Analytics

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FAQs

What type of property is this?

Multifamily property - Two homes and an in-law unit near the beach.

Where is this multifamily property located?

The property is located at 40 Portland Ave Old Lyme, CT.

What is the asking price?

The asking price for this property is $888,000.

What are key features of this property?

This property features: Beach rights and a short walk to the beach.; Two separate homes on one lot, offering flexibility.; Main house includes a connected in‑law unit.