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Furnished Rooming House Investment Opportunity

148 Benham Rd, Groton, CT 06340

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For Sale

$1,649,000

Fully furnished rooming house with strong cash flow near major employers.

Type:Commercial

HighLights

Strong in‑place cash flow with significant upside potential
Fully furnished rooms with utilities included for streamlined management
Ideal turnkey investment with a mix of short- and long‑term leases
Located minutes from major employers, ensuring a stable tenant base
Low vacancy rates and a scalable business model
Proven track record in one of Connecticut's strongest rental corridors

We can help!

Listing Contact

Zachary T. Pinto

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For Sale

$1,649,000

Fully furnished rooming house with strong cash flow near major employers.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 6:00 pm

Property Features for 148 Benham Rd

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1950

We can help!

Listing Contact

Zachary T. Pinto

Listing agent Zachary T. Pinto License #RES.0827718

Listing office Alpha Capital Realty, LLC

Listing date Apr 24, 2026

Source Elliman

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 Alpha Capital Realty, LLC

HighLights

Strong in‑place cash flow with significant upside potential
Fully furnished rooms with utilities included for streamlined management
Ideal turnkey investment with a mix of short- and long‑term leases
Located minutes from major employers, ensuring a stable tenant base
Low vacancy rates and a scalable business model
Proven track record in one of Connecticut's strongest rental corridors

Overview

This fully furnished rooming house at 148 Benham Rd in Groton presents a rare investment opportunity with strong in-place cash flow and significant upside potential. The property operates with a mix of short- and long-term leases, ranging from 6 to 12 months, making it a turnkey investment suitable for both new and experienced operators. All utilities are included, such as heat, hot water, electricity, cable, and internet, which streamlines management. The furnished rooms, each equipped with a bed and mini-fridge, attract consistent demand. The property is positioned minutes from major employers, including Pfizer's R&D campus, General Dynamics Electric Boat, the Naval Submarine Base, and other large-scale defense and biotech firms, ensuring a stable, high-quality tenant base. Investors can expect reliable income, low vacancy rates, and a scalable business model. This property offers a unique value-add opportunity with a proven track record and room to grow in one of Connecticut's strongest rental corridors. The location is somewhat walkable, with a walk score of 64, and bikeable, with a bike score of 58.

Location Intelligence

Current Use by Public Records

Rand Lodge Hotel & Motel

Suggested Use

Location Insight

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Local Demand

City: Groton
County: New London
State: Connecticut
Longitude: -72.0728829
Latitude: 41.3439097

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For sale
Multifamily properties
CT
Groton
06340
148 Benham Rd

What type of property is this?

Multifamily property - Fully furnished rooming house with strong cash flow near major employers.

Where is this multifamily property located?

The property is located at 148 Benham Rd Groton, CT.

What is the asking price?

The asking price for this property is $1,649,000.

What are key features of this property?

This property features: Strong in‑place cash flow with significant upside potential; Fully furnished rooms with utilities included for streamlined management; Ideal turnkey investment with a mix of short- and long‑term leases