Multifamily

Old Lyme, CT Multifamily Properties for Sale

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East Haddam, CT Essex, CT Chester, CT Deep River, CT Old Saybrook, CT East Lyme, CT Salem, CT Haddam, CT
Renovated Multifamily Beach Residence
Updated: May 19
Renovated Multifamily Beach Residence

40 Portland Avenue, Old Lyme, CT 06371

$819,000
2,225 sqft 0.12 AC lot
Two separate homes on one lot at 40 Portland Avenue in the Old Lyme Beach community
Main beach house: 3 bedrooms, 1 bathroom, plus an in‑law unit with 1–2 bedrooms and 1 bathroom
Cottage: 2 bedrooms, 1 bathroom
Recently renovated and freshly painted
Heating: baseboard
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Old Lyme Beach Community Property
Updated: May 17
Old Lyme Beach Community Property

40 Portland Avenue, Old Lyme, CT 06371

$888,000
2,225 sqft
Beach rights and a short walk to the beach.
Two separate homes on one lot, offering flexibility.
Main house includes a connected in‑law unit.
Recently renovated and freshly painted.
Potential for use as a family home or academic rental investment.
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Old Lyme Beach Community Property
Old Lyme Beach Community Property

40 Portland Ave, Old Lyme, CT 06371

$888,000

Two homes and an in-law unit near the beach.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 32 Potential Opportunities for your consideration. Besides 3 Active listings in Old Lyme, CT, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 21 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.

Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

33 Deep River Road, Essex, CT 06409

$829,000
7,309 sqft 0.74 AC lot

Historic mixed-use property offering two apartments and multiple office or flex spaces on a 0.74-acre lot.

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Charming Two-Unit Income Property
Charming Two-Unit Income Property

46 Main Street, Essex, CT 06409

$469,900
1,252 sqft 0.67 AC lot

Well-maintained two-unit property in the heart of Centerbrook.

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Two-Home Residential Income Property
Two-Home Residential Income Property

10 Hartford Avenue, Old Saybrook, CT 06475

$649,900
960 sqft

Well-maintained two-home setup with a 2-bedroom unit and a 1-bedroom unit on one lot near the beach.

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Mixed-Use Commercial Property Opportunity
Mixed-Use Commercial Property Opportunity

369 Boston Post Rd, Old Saybrook, CT 06475

$499,999
2,700 sqft 0.61 AC lot

Mixed-use property near Old Saybrook center with income potential.

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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.

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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.

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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.

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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.

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Off-Market Properties in Old Lyme, CT

Consider similar Off-Market properties in Old Lyme, 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.

14 Purtill Ave
APARTMENT HOUSE (5+ UNITS)

14 Purtill Ave, Old Lyme, CT 06371-2274

$2,040,000
Estimated value
6,516 sqft 0.21 AC lot
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216 Shr Rd
APARTMENT HOUSE (UNDER 5 UNITS)

216 Shr Rd, Old Lyme, CT 06371-2000

Value Estimation by Request
576 sqft 7.42 AC lot
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180 Boston Post Rd
APARTMENT HOUSE (UNDER 5 UNITS)

180 Boston Post Rd, Old Lyme, CT 06371-4313

Value Estimation by Request
4,374 sqft 0.52 AC lot
View details
54 Washington Ave
APARTMENT HOUSE (UNDER 5 UNITS)

54 Washington Ave, Old Lyme, CT 06371-2037

Value Estimation by Request
1,300 sqft 0.23 AC lot
View details
40 Swan Ave
APARTMENT HOUSE (UNDER 5 UNITS)

40 Swan Ave, Old Lyme, CT 06371-2252

Value Estimation by Request
2,274 sqft 0.11 AC lot
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4 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

4 Rye Fld Rd, Old Lyme, CT 06371-4302

Value Estimation by Request
2,244 sqft
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21 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

21 Rye Fld Rd, Old Lyme, CT 06371-4309

Value Estimation by Request
2,244 sqft
View details
17 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

17 Rye Fld Rd, Old Lyme, CT 06371-4308

Value Estimation by Request
2,244 sqft
View details
7 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

7 Rye Fld Rd, Old Lyme, CT 06371-4305

Value Estimation by Request
2,244 sqft
View details
9 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

9 Rye Fld Rd, Old Lyme, CT 06371-4306

Value Estimation by Request
2,244 sqft
View details
15 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

15 Rye Fld Rd, Old Lyme, CT 06371-4307

Value Estimation by Request
2,244 sqft
View details
23 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

23 Rye Fld Rd, Old Lyme, CT 06371-4310

Value Estimation by Request
2,244 sqft
View details
6 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

6 Rye Fld Rd, Old Lyme, CT 06371-4304

Value Estimation by Request
2,244 sqft
View details
2 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

2 Rye Fld Rd, Old Lyme, CT 06371-4300

Value Estimation by Request
2,244 sqft
View details
31 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

31 Rye Fld Rd, Old Lyme, CT 06371-4311

Value Estimation by Request
2,244 sqft
View details
33 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

33 Rye Fld Rd, Old Lyme, CT 06371-4312

Value Estimation by Request
2,244 sqft
View details
5 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

5 Rye Fld Rd, Old Lyme, CT 06371-4303

Value Estimation by Request
2,244 sqft
View details
3 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

3 Rye Fld Rd, Old Lyme, CT 06371-4301

Value Estimation by Request
2,244 sqft
View details
1 Rye Fld Rd
APARTMENT HOUSE (UNDER 5 UNITS)

1 Rye Fld Rd, Old Lyme, CT 06371-1365

Value Estimation by Request
1,450 sqft
View details
35 Mile Crk Rd
APARTMENT HOUSE (UNDER 5 UNITS)

35 Mile Crk Rd, Old Lyme, CT 06371-1712

Value Estimation by Request
11.40 AC lot
View details
249 Boston Post Rd
APARTMENT HOUSE (UNDER 5 UNITS)

249 Boston Post Rd, Old Lyme, CT 06371-1315

Value Estimation by Request
11.70 AC lot
View details

Old Lyme, CT Multifamily Properties Market Trends and Statistics

Explore 24 multifamily properties for sale in Old Lyme, CT, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 4,450 square feet of properties for sale, with an estimated market value of $2,595,000.

Sale prices for multifamily properties in Old Lyme, CT start at $819,000, averaging $865,000, and reaching up to $888,000 — 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

Duplexes 3
Triplexes 1

Demographics Overview

Population 9,855
Population Growth (5Y) +1.7%
Median Household Income $127,429
College Educated 86.8%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
06371 $906.8K

Taxes & Financing

Tax Rate (average for all types) 2.20%
Property Tax per SF $42.14 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)

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