Building Details

Year Built 1900

Year Renovated 2017

Stories 2

Tenancy Multi

Listing Agency: U.S. Properties Real Estate Services, LLC Show Phone

Listed By: Constance Howard · License #RES.0798067 Show Phone

Source: Davejonesrealty

Added: Jun 9 Changed: Sep 11 Last Checked: Sep 13 at 11:15AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of U.S. Properties Real Estate Services, LLC

Investment Insights

Based on property information with market context.

This fully leased, mixed-use property is a two-story building with a 3,193 SF commercial space on the first floor and three apartments on the second floor. The second-floor apartment area totals 5,508 SF, and the building includes a 3,193 SF basement. The apartments feature high ceilings, large windows, and views of the Thames River. The property was fully renovated in 2017.

Located in the heart of downtown New London at 147 Bank St, the building combines income-producing street-level commercial space with residential units above. The Thames River views from the apartments are a notable amenity within the downtown setting.

As presented, the property is positioned for buyers seeking a turnkey, fully leased mixed-use asset. NOI is approximately $76,536, and financials are available by contacting the office. The seller also indicates the property may be purchased as part of a package with 53 Bank St and 153 Bank Street, which would provide a total of 6 commercial units and 17 apartments.

Key Highlights

• 11,894 SF, 2‑story mixed‑use building in downtown New London, fully leased
• First‑floor commercial space totals 3,193 SF
• Second floor includes 3 apartments across 5,508 SF

Property Analytics

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Open Analytics

Current Use

Eagle’s View Luxury ... Apartment Complex Berths on Bank Apartment Building Siam Therapeutic & Spa Alternative Medicine Practice

Suggested Use

Top Pick Computer & Electronic Repair Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tech Support Center Veterinary Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,727

Businesses Nearby

Explore this area Business Placement

Demographics for 06320, CT

27,398

Population

12,528

Households

2.2

Avg Household Size

34

Median Age

29%

College-Educated

88%

High-School Grad

5.6 sq mi

ZIP Area

4,893

Density / Sq Mi

$60,224

Median Household Income

$34,932

Median Earnings

$1,304

Median Rent

$234,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Fully leased downtown New London building with ground-floor commercial space and apartments on the upper floors.

Where is this triplex located?

The property is located at 147 Bank St New London, CT.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: 11,894 SF, 2‑story mixed‑use building in downtown New London, fully leased; First‑floor commercial space totals 3,193 SF; Second floor includes 3 apartments across 5,508 SF