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Groton, CT

Multifamily

Groton, CT Multifamily Properties for Sale

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New London, CT Stonington, CT Mystic, CT Waterford, CT Ledyard, CT North Stonington, CT Montville, CT Niantic, CT

9 properties

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Mixed-Use Property with Office and Apartments

Updated: Jul 15

Mixed-Use Property with Office and Apartments

296 Mitchell Street, Groton, CT 06340

$575,000

5,355 sqft 0.42 AC lot

.42‑acre mixed‑use property in Groton City’s Five Corners District, serviced by public water and public sewer
Main building total of 5,355 SF with ~3,480 SF finished: professional office suite plus two residential apartments with private entrances
Apartment layout: 1‑bedroom on the first floor and a 2nd‑floor 3‑bedroom apartment
Detached garage at the rear has been recently improved and is leased separately; includes an upper‑story loft
Capital improvements include new garage roof (installed fall) and energy‑efficient mechanical upgrades: new boiler, hot water tanks, and new oil tank

Triplex with Seasonal Thames Views

Updated: Jul 3

Triplex with Seasonal Thames Views

59 School Street, Groton, CT 06340

$440,000

2,069 sqft 0.26 AC lot

Three‑family property in Groton City’s historic Groton Bank neighborhood with seasonal Thames River water views
Significant recent improvements: new roof (2022) and updated boiler (2025)
Electrical updates completed after the current owner purchased the property
Public utilities: public water and public sewer
Steam heating and porch exterior features

Two-Unit Duplex with Basements

Two-Unit Duplex with Basements

132 Ring Drive, Groton, CT 06340

$429,000

1,904 sqft 0.46 AC lot

Two-bedroom units with separate utilities and storage basements, offering flexible owner occupancy or rental income potential.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Well-Maintained Four-Unit Residential Income

Well-Maintained Four-Unit Residential Income

19 Pearl Street, Groton, CT 06340

$1,495,000

3,791 sqft

Four well-maintained units with private parking and covered porches, including legally approved Airbnb configurations.

Two-Family Residential Income Property

Two-Family Residential Income Property

8-10 Depot Road, Groton, CT 06340

$325,000

1,450 sqft 0.33 AC lot

Well-maintained two-family property in Groton, fully occupied and suited for long-term rental income.

Triplex Income Property

Triplex Income Property

12 Bank Street, Groton, CT 06355

$699,000

1,995 sqft 0.19 AC lot

Currently used as a three-unit income property with outdoor decks and yard space under R-7 zoning.

Historic Three-Family Triplex Opportunity

Historic Three-Family Triplex Opportunity

59 School Street, Groton, CT 06340

$440,000

2,069 sqft

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

Updated Two-Family Home

Updated Two-Family Home

68 School St, Groton, CT 06340

$459,900

2,400 sqft

Turnkey 2-family property with updated interiors, off-street parking, and a detached garage near major employers and amenities.

Historic Mystic Four-Family Home

Historic Mystic Four-Family Home

19 Pearl St, Groton, CT 06355

$1,595,000

Well-maintained four-family home in downtown Mystic with income potential.

Based on your search, we've compiled 70 Potential Opportunities for your consideration. Besides 9 Active listings in Groton, CT, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 53 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Updated Multifamily Building with Penthouse

Updated Multifamily Building with Penthouse

44 Williams Avenue, Stonington, CT 06355

$2,550,000

3,669 sqft 0.17 AC lot

Turn-key multifamily property with a two-story penthouse, three first-floor studio suites, solar power, and 10 on-site parking spaces.

Six-Unit Short-Term Rental Portfolio

Six-Unit Short-Term Rental Portfolio

9 School (4 and 6 School Place)(Mystic) Street, Stonington, CT 06355

$3,500,000

4,962 sqft 0.31 AC lot

Turnkey portfolio of three buildings with six guest accommodations, operating as a short-term rental hospitality business.

Downtown Commercial Building Ready Buildout

Downtown Commercial Building Ready Buildout

27 Bank Street, New London, CT 06320

$750,000

11,676 sqft 0.08 AC lot

Four-story, 11,656 SF commercial building with development opportunity.

Downtown Commercial Building Ready for Buildout

Downtown Commercial Building Ready for Buildout

27 Bank St, New London, CT 06320

$750,000

11,656 sqft

Four-story, 11,656 SF building with approvals for mixed-use development.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Two-Family Home with Detached Garage

Two-Family Home with Detached Garage

39 Halsey Avenue, Southampton, NY 11968

$2,300,000

0.33 AC lot

Vacant two-family residence on a 0.33-acre lot with a detached two-bay car garage and long driveway.

Expansive Land Parcel in Holmes

Expansive Land Parcel in Holmes

545 Grape Hollow Road, Holmes, NY 12531

$750,000

2,480 sqft 75.32 AC lot

75+ acre land parcel with garage near I-84.

Flatbush Development Property For Sale

Flatbush Development Property For Sale

14 E 32nd Street lot: 13, Brooklyn, NY 11226

$1,249,000

1,407 sqft 0.09 AC lot

40 x 100 lot with R6, C1-2 zoning.

Detached Two-Family Residence

Detached Two-Family Residence

69 Martense Street, Brooklyn, NY 11226

$1,888,888

0.10 AC lot

Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

Off-Market Properties in Groton, CT

Consider similar Off-Market properties in Groton, CT. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

BOARDING/ROOMING HOUSE

11 High St, Groton, CT 06340-4955

Value Estimation by Request

4,440 sqft 0.15 AC lot

APARTMENT HOUSE (5+ UNITS)

360 Thames St, Groton, CT 06340-3937

$1,800,000

Estimated value

10,944 sqft 0.42 AC lot

APARTMENT HOUSE (5+ UNITS)

46 Hynes Ave, Groton, CT 06340-5051

$1,965,000

Estimated value

25,830 sqft 1.11 AC lot

183 Brandegee Ave

APARTMENT HOUSE (5+ UNITS)

183 Brandegee Ave, Groton, CT 06340-4559

$1,950,000

Estimated value

29,400 sqft 1.22 AC lot

BOARDING/ROOMING HOUSE

33 School St, Groton, CT 06340-3909

Value Estimation by Request

3,600 sqft 0.11 AC lot

APARTMENT HOUSE (5+ UNITS)

107 Benham Rd, Groton, CT 06340-4966

$890,000

Estimated value

4,884 sqft 0.23 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

171 Hynes Ave, Groton, CT 06340-5038

$700,000

Estimated value

3,360 sqft 0.19 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

109 Hynes Ave, Groton, CT 06340-5037

$700,000

Estimated value

3,168 sqft 0.24 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

48 Smith St, Groton, CT 06340-4027

Value Estimation by Request

3,716 sqft 0.18 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

101 Hynes Ave, Groton, CT 06340-5087

$560,000

Estimated value

4,552 sqft 0.51 AC lot

171 Poquonnock Rd

APARTMENT HOUSE (UNDER 5 UNITS)

171 Poquonnock Rd, Groton, CT 06340-4409

Value Estimation by Request

3,614 sqft 0.44 AC lot

281 Brandegee Ave

APARTMENT HOUSE (5+ UNITS)

281 Brandegee Ave, Groton, CT 06340-5102

$2,305,000

Estimated value

33,480 sqft 1.52 AC lot

603 Shennecossett Rd

APARTMENT HOUSE (5+ UNITS)

603 Shennecossett Rd, Groton, CT 06340-5255

$3,705,000

Estimated value

16,240 sqft 2.13 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

48 Frst St, Groton, CT 06340-4957

Value Estimation by Request

2,552 sqft 0.16 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

50 Frst St, Groton, CT 06340-4958

Value Estimation by Request

2,552 sqft 0.16 AC lot

Groton, CT Multifamily Properties Market Trends and Statistics

Explore 62 multifamily properties for sale in Groton, CT, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 15,792 square feet of properties for sale, with an estimated market value of $3,042,900.

Sale prices for multifamily properties in Groton, CT start at $429,000, averaging $507,150, and reaching up to $699,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 30K

Population Growth (5Y) -3.0%

Median Household Income $77,768

College Educated 27.0%

High-Yield Neighborhoods for Investment

Identify Groton submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Groton	$663.4K
Mystic	$1.1M

Taxes & Financing

Tax Rate (average for all types) 2.69%

Property Tax per SF $42.50 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in New London County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Groton fall within the 100,000+ square foot range.

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