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Waterfront Multi-Building Residential Property
For Sale
$1,550,000

61 & 63 Oswegatchie Road, Waterford, CT 06385

Four stand-alone buildings on two lots offer direct Niantic River frontage, including a main home, two cottages, and a second 2-bedroom house.

Property Size3,025 SF
Price / SF$512.40
Days on Market52

Property Features for 61 & 63 Oswegatchie Road

General Information

Standard status Active
Size 3,025 SF
Property subtype 4 Family

Additional Details

Road Access Yes

Amenities

private dock

Building Details

Year Built 1950
Listing Agency: RE/MAX on the Bay
Listed By: Ann Carpenter · License #REB.0755917
Source: Lockandkeyre
Added: Jul 24 Changed: Sep 12 Last Checked: Sep 13 at 10:57AM

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 RE/MAX on the Bay

Investment Insights

Based on property information with market context.

This for-sale residential package includes two separate lots and four stand-alone buildings sold together, positioned along the Niantic River. The main home offers 2 bedrooms, a spacious front-to-back living room anchored by a stone fireplace, and an unfinished walk-up second floor for expansion. Additional improvements include a walk-out basement and an under-house garage. Two seasonal cottages on the main parcel feature natural woodwork, vaulted ceilings, large enclosed front porches, and classic stone fireplaces, with one cottage offering 2 bedrooms and the other offering 1 bedroom.

The second property includes a cozy 2-bedroom home with a generous living room highlighted by a stone fireplace. Beautiful grounds lead to the Niantic River, where stairs descend to a small private dock and a peaceful seating area. Two additional storage buildings are located at the water’s edge.

The main property sits on 1.13 acres with approximately 100 feet of road frontage and about 204 feet of direct river frontage.

Key Highlights

  • Direct Niantic River frontage with stairs down to a small private dock and seating area (about 204 ft direct river frontage).
  • Main parcel totals 1.13 acres with approximately 100 ft of road frontage and includes two seasonal cottages.
  • Main home: 2 bedrooms, front‑to‑back living room with stone fireplace, walk‑out basement, and under‑house garage; unfinished walk‑up 2nd floor.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Auto Repair Shop Law Firm Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

Demographics for 06385, CT

15,796
Population
7,407
Households
2.1
Avg Household Size
49
Median Age
41%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
637
Density / Sq Mi
$110,375
Median Household Income
$61,767
Median Earnings
$1,593
Median Rent
$334,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four stand-alone buildings on two lots offer direct Niantic River frontage, including a main home, two cottages, and a second 2-bedroom house.
Where is this quadplex located?
The property is located at 61 & 63 Oswegatchie Road Waterford, CT.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Direct Niantic River frontage with stairs down to a small private dock and seating area (about 204 ft direct river frontage).; Main parcel totals 1.13 acres with approximately 100 ft of road frontage and includes two seasonal cottages.; Main home: 2 bedrooms, front‑to‑back living room with stone fireplace, walk‑out basement, and under‑house garage; unfinished walk‑up 2nd floor.
More about this property
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