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    Old Lyme, CT
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    Old Lyme, CT Multifamily Properties for Sale

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    Renovated Multifamily Property with Cottage
    Updated: Aug 20
    Renovated Multifamily Property with Cottage

    40 Portland Avenue, Old Lyme, CT 06371

    $799,000
    2,225 sqft 0.12 AC lot
    Two separate homes plus an attached in‑law unit on one 0.12‑acre lot
    2,225 square feet of improvements built in 1930
    Main home: 3 bedrooms and 1 bathroom
    Attached in‑law unit: 1–2 bedrooms and 1 bathroom
    Separate cottage with 2 bedrooms and 1 bathroom
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    Renovated Beach-Access Triplex
    Updated: Aug 20
    Renovated Beach-Access Triplex

    40 Portland Avenue, Old Lyme, CT 06371

    $799,000
    2,225 sqft
    Triplex configuration with two homes on one lot
    2,225 square feet across the property
    Main home includes 3 beds and 1 bath
    Attached in‑law unit offers 1‑2 bedrooms and 1 bath
    Separate cottage provides 2 bedrooms and 1 bath
    View details
    Two-Cottage Duplex Property
    Two-Cottage Duplex Property

    10 Hartford Avenue, Old Lyme, CT 06371

    $609,900
    960 sqft

    Two separate cottages offer a flexible layout with outdoor features and beach access nearby.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Cottage Multifamily Property
    Two-Cottage Multifamily Property

    10 Hartford Ave, Old Lyme, CT 06371

    $609,900

    Two homes on one lot provide separate living spaces with decks, an outdoor shower, and a gazebo.

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    Based on your search, we've compiled 29 Potential Opportunities for your consideration. Besides 4 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

    Opportunities in Nearby Cities

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

    Waterfront Multifamily Property
    Waterfront Multifamily Property

    61 & 63 Oswegatchie Road, Waterford, CT 06385

    $1,550,000
    3,025 sqft 1.36 AC lot

    Four stand-alone buildings span two parcels with public water and sewer service.

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    Waterfront Multi-Building Residential Property
    Waterfront Multi-Building Residential Property

    61 & 63 Oswegatchie Road, Waterford, CT 06385

    $1,550,000
    3,025 sqft

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

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    Two-Unit Duplex with Garage
    Two-Unit Duplex with Garage

    46 Main Street, Essex, CT 06409

    $449,999
    1,252 sqft 0.67 AC lot

    Separate apartments offer private entrances, kitchens, full baths, outdoor space, and basement laundry hookups.

    View details
    Historic Essex Village Triplex
    Historic Essex Village Triplex

    11 N Main St, Essex, CT 06426

    $1,300,000
    0.09 AC lot

    Updated triplex in the heart of Essex Village.

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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
    View details
    216 Shr Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    216 Shr Rd, Old Lyme, CT 06371-2000

    $355,000
    Estimated value
    576 sqft 7.42 AC lot
    View details
    180 Boston Post Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $240,000
    Estimated value
    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

    $240,000
    Estimated value
    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

    $245,000
    Estimated value
    2,274 sqft 0.11 AC lot
    View details
    4 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $220,000
    Estimated value
    2,244 sqft
    View details
    21 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $220,000
    Estimated value
    2,244 sqft
    View details
    17 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $220,000
    Estimated value
    2,244 sqft
    View details
    7 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $220,000
    Estimated value
    2,244 sqft
    View details
    9 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $220,000
    Estimated value
    2,244 sqft
    View details
    15 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $220,000
    Estimated value
    2,244 sqft
    View details
    23 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $220,000
    Estimated value
    2,244 sqft
    View details
    6 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $220,000
    Estimated value
    2,244 sqft
    View details
    2 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $220,000
    Estimated value
    2,244 sqft
    View details
    31 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $220,000
    Estimated value
    2,244 sqft
    View details
    33 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $220,000
    Estimated value
    2,244 sqft
    View details
    5 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $220,000
    Estimated value
    2,244 sqft
    View details
    3 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $220,000
    Estimated value
    2,244 sqft
    View details
    1 Rye Fld Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $90,000
    Estimated value
    1,450 sqft
    View details
    35 Mile Crk Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    $345,000
    Estimated value
    11.40 AC lot
    View details

    Old Lyme, CT Multifamily Properties Market Trends and Statistics

    Explore 25 multifamily properties for sale in Old Lyme, CT, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 5,410 square feet of properties for sale, with an estimated market value of $2,817,800.

    Sale prices for multifamily properties in Old Lyme, CT start at $609,900, averaging $704,450, and reaching up to $799,000 — 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 $813.6K

    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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