Waterford, CT
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    Waterford, CT Residential Income Properties for Sale

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    New London, CT East Lyme, CT Niantic, CT
    Two-Family Residence with Waterview
    $599,900
    1,680 SF
    Two-Family Residence with Waterview

    23 Ridgewood Avenue, Waterford, CT 06385

    Two-unit home featuring multiple updates, separate bedroom/bathroom layouts, and waterviews for flexible occupancy.
    • 2‑family home in Ridgewood Park with walking access to Ocean and Waterford Beach
    • First‑floor unit has 3 bedrooms, 1 bathroom, and living room fireplace (not operational)
    • Second‑floor unit has 2 bedrooms, 1 bathroom, and a waterview off the living room
    • Steam heating system with oil fuel; updates include siding, roofing, boiler, and second‑floor kitchen and bath
    • Utilities include underground utilities, public water, and public sewer
    Updated: May 28
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    Two-Family Waterview Home
    $599,900
    1,680 SF
    Two-Family Waterview Home

    23 Ridgewood Avenue, Waterford, CT 6385

    A flexible two-unit property near Ocean and Waterford Beach with waterviews and recent updates for owner-occupants or investors.
    • 2‑family home built in 1900 with waterviews from the home
    • Walk to both Ocean and Waterford Beach; beach walkway on Forest St
    • Town‑owned public water access points nearby for kayaking, jet skis, paddleboarding, and row boats/dinghies
    • Heating: single steam system using oil fuel
    • First‑floor unit: 3 bedrooms, 1 bath; living room fireplace is not operational
    Updated: May 27
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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Waterford, CT, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

    Furnished Rooming House Investment Opportunity
    $1,649,000
    Furnished Rooming House Investment Opportunity

    Fully furnished rooming house with strong cash flow near major employers.

    148 Benham Rd, Groton, CT 6340

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    Remodeled Two-Family Home
    $455,000
    2,585 SF
    Remodeled Two-Family Home

    Two-family home with remodeled unit, ideal for owner-occupant or investment.

    13 Alger Street, New London, CT 6320

    View details
    Furnished Rooming House Investment Opportunity
    $1,649,000
    0.31 Acres
    Furnished Rooming House Investment Opportunity

    Fully furnished rooming house with strong cash flow near major employers.

    148 Benham Road, Groton, CT 6340

    View details
    New London Commercial Building For Sale
    $4,699,000
    26,727 SF
    New London Commercial Building For Sale

    26,727 SF commercial building near Yale New Haven Hospital.

    89 Viets Street, New London, CT 6320

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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.

    Approved Residential Subdivision Opportunity
    $1,246,000
    15.98 Acres
    Approved Residential Subdivision Opportunity

    Approved 14-lot residential subdivision in Groton, CT.

    Briar Hill Road, Groton, CT 06340

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    Black Point Beach Building Lot
    $395,000
    0.17 Acres
    Black Point Beach Building Lot

    Corner lot in private beach community near Niantic amenities.

    61 Whitecap Road, East Lyme, CT 06357

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    Approved Building Lot Near Beach
    $749,000
    0.25 Acres
    Approved Building Lot Near Beach

    Cleared 0.24-acre lot in sought-after beach community.

    15 Griswold Road, East Lyme, CT 06357

    View details
    Mystic Dream Home Building Opportunity
    $164,900
    1.79 Acres
    Mystic Dream Home Building Opportunity

    1.78-acre lot in Mystic, build your dream home!

    68 Mystic Meadow Lane, Groton, CT 06355

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    Off-Market Properties in Waterford, CT

    Consider similar Off-Market properties in Waterford, 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.

    52 Daniels Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,220 SF Lot: 0.73 Acres
    Value Estimation by Request

    52 Daniels Ave, Waterford, CT 06385-2628

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    95 Clark Ln
    APARTMENT HOUSE (UNDER 5 UNITS)
    43,182 SF Lot: 6.06 Acres
    Estimated value
    $3,540,000

    95 Clark Ln, Waterford, CT 06385-2131

    View details

    Waterford, CT Residential Income Properties Market Trends and Statistics

    Explore 4 residential income properties for sale in Waterford, CT on our real estate platform. These investment opportunities span a total of 3,360 square feet of properties for sale, with an estimated market value of $1,199,800.

    Sale prices for residential income properties in Waterford, CT start at $599,900, averaging $599,900, and reaching up to $599,900 — 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

    Multifamily properties 4
    Duplexes 2

    Demographics Overview

    Population 16K
    Population Growth (5Y) +3.5%
    Median Household Income $110,375
    College Educated 29.4%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    06385 $350K

    Taxes & Financing

    Tax Rate (average for all types) 2.12%
    Property Tax per SF $32.28 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 Waterford fall within the 100,000+ square foot range.

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