Renovated Beach-Access
For Sale
$799,000
40 Portland Avenue, Old Lyme, CT 06371
Three residential units offer year-round occupancy options near the Old Lyme Beach Community.
Property Size2,225 SF
Price / SF$359.10
Days on Market9
Property Features for 40 Portland Avenue
General Information
Standard status
Active
Size
2,225 SF
Property subtype
2 Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 1-2BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1930
Buildings
2
Listing Agency:
United Realty Plus
(860) 518-2068
Listed By:
Banglian Gao · License #REB.0790952
(860) 518-2068
Source:
Lockandkeyre
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 12:02PM
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 United Realty Plus
Investment Insights
Based on property information with market context.
This triplex at 40 Portland Avenue comprises two homes on one parcel, including a primary residence with an attached in-law unit and a separate cottage. The main dwelling includes three bedrooms and one bathroom, while the connected in-law space provides one to two bedrooms and one bathroom. The cottage adds two bedrooms and one bathroom. The property contains 2,225 square feet and was built in 1930. Recent renovations and fresh paint have updated the residences for year-round use.
Beach rights are included, and the property is a short casual walk from the beach within the Old Lyme Beach Community. The layout supports a range of residential arrangements, including use as a family property or academic rental investment, as described for the asset.
Beach rights are included, and the property is a short casual walk from the beach within the Old Lyme Beach Community. The layout supports a range of residential arrangements, including use as a family property or academic rental investment, as described for the asset.
Key Highlights
- Triplex configuration with two homes on one lot
- 2,225 square feet across the property
- Main home includes 3 beds and 1 bath
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Explore this area
Business Placement
Demographics for 06371, CT
9,840
Population
5,503
Households
1.8
Avg Household Size
53
Median Age
56%
College-Educated
98%
High-School Grad
54.0 sq mi
ZIP Area
182
Density / Sq Mi
$127,429
Median Household Income
$60,139
Median Earnings
$1,891
Median Rent
$468,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer year-round occupancy options near the Old Lyme Beach Community.
Where is this triplex located?
The property is located at 40 Portland Avenue Old Lyme, CT.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Triplex configuration with two homes on one lot; 2,225 square feet across the property; Main home includes 3 beds and 1 bath
