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Detached Residential Income Compound
For Sale
$799,500
Pending

7 Silver Falls Road, East Lyme, CT 06333

Detached main house plus guest cottage on a 2.37-acre property with workshop and garage outbuilding.

Property Size3,386 SF
Lot Size2.37 Acres
Days on Market76

Property Features for 7 Silver Falls Road

General Information

Standard status Pending
Size 3,386 SF
Lot size 2.37 Acres
Property subtype 2 Family

Additional Details

Highway Access Yes

Amenities

chicken coop
vegetable garden
apple and pear trees
blueberry bushes
raspberries
workshop
garage space

Building Details

Year Built 1900
Listing Agency: William Pitt Sotheby's Int'l
Listed By: Amanda Gaudette
Source: Lockandkeyre
Added: Jun 24 Changed: Aug 8 Last Checked: Aug 4 at 4:51AM

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 William Pitt Sotheby's Int'l

Investment Insights

Based on property information with market context.

This detached residential income compound includes a spacious main house with approximately 2,252 square feet, originally built in 1900 and expanded as recently as 2004. The main residence offers 4 bedrooms and 3 full bathrooms, providing a flexible layout for multigenerational living or separate household use.

Also on-site is a fully detached guest cottage/in-law ranch with approximately 1,134 square feet. The cottage includes 1 bedroom and 1 bathroom, with an effective build year of 2018 following a complete, top-to-bottom renovation.

In addition to the homes, the property features a massive, versatile outbuilding that includes workshop and garage space. The grounds span approximately 2.37 acres and include a chicken coop, a vegetable garden, established apple and pear trees, and blueberry bushes and raspberries.

Key Highlights

  • 2.37‑acre East Lyme compound with a detached main house, guest cottage/in‑law ranch, and workshop/garage outbuilding.
  • 2,252 SF main house built in 1900 with 4 bedrooms and 3 full baths; expanded as recently as 2004.
  • Detached 1,134 SF guest cottage/in‑law ranch with 1 bedroom and 1 bath; effective build year 2018 after a full top‑to‑bottom renovation.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Plumbing Service Building Supply Gym & Fitness Center Florist Department Store

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
Highway access

Location Intelligence

Trade Area within ½ mile

13
Businesses Nearby

Demographics for 06333, CT

7,289
Population
2,894
Households
2.5
Avg Household Size
44
Median Age
59%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
311
Density / Sq Mi
$131,628
Median Household Income
$70,095
Median Earnings
$1,722
Median Rent
$432,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Detached main house plus guest cottage on a 2.37-acre property with workshop and garage outbuilding.
Where is this duplex located?
The property is located at 7 Silver Falls Road East Lyme, CT.
What is the asking price?
The asking price for this property is $799,500.
What are key features of this property?
This property features: 2.37‑acre East Lyme compound with a detached main house, guest cottage/in‑law ranch, and workshop/garage outbuilding.; 2,252 SF main house built in 1900 with 4 bedrooms and 3 full baths; expanded as recently as 2004.; Detached 1,134 SF guest cottage/in‑law ranch with 1 bedroom and 1 bath; effective build year 2018 after a full top‑to‑bottom renovation.
More about this property
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