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Historic Three-Family Triplex Opportunity

59 School Street Groton, CT 06340

59 School Street, Groton, CT, 06340
$440,000
For Sale
Claim this Listing
$440,000

Three-family triplex with high ceilings, original character, and seasonal Thames River views, plus recent roof and boiler updates.

Property Size2,069 SF
Price / SF$212.66
AddedJul 2
Days on Market15
Last RefreshJul 15 at 2:02 pm

Property Features for 59 School Street

General Information

Standard status
Active
Size
2,069 SF
Property subtype
3 Family

Building Details

Year Built
1851

Listing office CR Premier Properties

Listing date Jul 2, 2026

Source Lockandkeyre

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.

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 Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Bakery (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Plumbing Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Home Appliance Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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
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