Historic Three-Family Triplex
For Sale
$440,000
Pending
59 School Street, Groton, CT 06340
Three-family triplex with high ceilings, original character, and seasonal Thames River views, plus recent roof and boiler updates.
Property Size2,069 SF
Days on Market50
Property Features for 59 School Street
General Information
Standard status
Pending
Size
2,069 SF
Property subtype
3 Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1851
Listing Agency:
CR Premier Properties
(860) 884-2631
Listed By:
Paula Turley · License #RES.0793347
(860) 884-2631
Source:
Lockandkeyre
Added: Jul 2
Changed: Aug 8
Last Checked: Jul 23 at 5:37AM
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 CR Premier Properties
Investment Insights
Based on property information with market context.
This three-family triplex offers historic character with high ceilings and original architectural features. The property includes seasonal water views of the Thames River. Recent improvements support the next phase of ownership, including a new roof installed in 2022 and an updated boiler completed in 2025, along with electrical updates performed after the current owner purchased the home. The residence is being sold as-is.
Located in the heart of Groton City’s historic Groton Bank neighborhood, the property is described as minutes from major employers and destinations, including Electric Boat, Pfizer, the Submarine Base, and downtown Groton. It also provides convenient access to shopping, dining, and parks.
For investors or owner-occupants, this is a practical option for buyers seeking a character-rich income property that can be refreshed and brought forward with a personal or investment plan. Given the as-is sale condition and the age and historic nature of the building, buyers should plan for restoration work while leveraging the documented roof, boiler, and electrical updates already completed.
Located in the heart of Groton City’s historic Groton Bank neighborhood, the property is described as minutes from major employers and destinations, including Electric Boat, Pfizer, the Submarine Base, and downtown Groton. It also provides convenient access to shopping, dining, and parks.
For investors or owner-occupants, this is a practical option for buyers seeking a character-rich income property that can be refreshed and brought forward with a personal or investment plan. Given the as-is sale condition and the age and historic nature of the building, buyers should plan for restoration work while leveraging the documented roof, boiler, and electrical updates already completed.
Key Highlights
- Three‑family triplex built in 1851 with high ceilings and original character in Groton City’s historic Groton Bank neighborhood
- Seasonal water views of the Thames River
- New roof completed in 2022
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 06340, CT
29,788
Population
14,441
Households
2.1
Avg Household Size
35
Median Age
38%
College-Educated
93%
High-School Grad
22.5 sq mi
ZIP Area
1,324
Density / Sq Mi
$77,768
Median Household Income
$45,308
Median Earnings
$1,492
Median Rent
$275,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family triplex with high ceilings, original character, and seasonal Thames River views, plus recent roof and boiler updates.
Where is this triplex located?
The property is located at 59 School Street Groton, CT.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Three‑family triplex built in 1851 with high ceilings and original character in Groton City’s historic Groton Bank neighborhood; Seasonal water views of the Thames River; New roof completed in 2022
