Mixed-Use Five-Unit Brick
27 Broad Street New London, CT 06320
New
27 Broad Street, New London, CT, 06320
$899,000
For Sale
$899,000
COMMERCIAL - New London, CT
Property Size5,510 SF
Lot Size0.31 Acres
Price / SF$163.16
Days on Market3
Property Features for 27 Broad Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-1
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 4
- Parking
- 15
- Security features
- Security System
- Interior features
- Employee Lounge,Security System
- Exterior features
- Sidewalk,Gutters
- Standard status
- Active
- Size
- 5,510 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11905
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Flooring type
- Wood, Vinyl
Listing Agency
Compass Connecticut, LLC
(860) 572-9099
22 Holmes Street, Charlestown, CT
Listed by
Jason Pollard
(860) 887-1122
Added: Jul 15 Checked: Jul 17 at 9:06 pm
MLS# 24191402
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 fully occupied mixed-use investment features a five-unit Victorian brick building (c. 1900). The ground floor is leased to a long-term professional dental practice, with four residential units above. The residential mix includes two 2BR/1BA units and two 1BR/1BA units, all currently occupied. Heat and hot water are owner-paid for the residential units. Three of the four residential units have been remodeled with LVP flooring, updated kitchens, and stainless appliances, while the original architectural character is preserved throughout the building.
Located at 27 Broad Street in New London, Connecticut, the property is zoned C-1. Reported financials include $111,281 in gross annual income and a stabilized in-place NOI of $70,563, with a proforma NOI of $88,233 at market rents. Operating expenses total $37,808 annually, and the listing cites a 9.81% cap rate based on the $899,000 asking price. Owner financing is considered, and the full financial package is available in MLS documents for buyer due diligence.
Located at 27 Broad Street in New London, Connecticut, the property is zoned C-1. Reported financials include $111,281 in gross annual income and a stabilized in-place NOI of $70,563, with a proforma NOI of $88,233 at market rents. Operating expenses total $37,808 annually, and the listing cites a 9.81% cap rate based on the $899,000 asking price. Owner financing is considered, and the full financial package is available in MLS documents for buyer due diligence.
Key Highlights
- Five‑unit Victorian brick mixed‑use building (c. 1900) generating $111,281 gross annual income with stabilized NOI of $70,563
- 9.81% cap rate at the $899,000 asking price; proforma NOI of $88,233 at market rents
- Ground‑floor dental practice tenant on a long‑term lease paying $4,423/month; four residential units above are fully occupied
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Marcus Capalbo
Dental Office
Elliot Kimmel
Dental Office
Dr. Brian Bottaro
Dental Office
Thames River Dental ...
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Five-unit Victorian brick building in C-1 zoning with an occupied ground-floor dental practice and four residential units above.
Where is this quadplex located?
The property is located at 27 Broad Street New London, CT.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Five‑unit Victorian brick mixed‑use building (c. 1900) generating $111,281 gross annual income with stabilized NOI of $70,563; 9.81% cap rate at the $899,000 asking price; proforma NOI of $88,233 at market rents; Ground‑floor dental practice tenant on a long‑term lease paying $4,423/month; four residential units above are fully occupied
