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Fully occupied mixed-use investment opportunity at 27 Broad Street in New London, CT. Five-unit Victorian brick building (c. 1900) generating $111,281 in gross annual income with a stabilized in-place NOI of $70,563 and a proforma NOI of $88,233 at market rents - representing a 9.81% cap rate at the $899,000 asking price. Ground floor is anchored by a long-term professional dental practice at $4,423/month, supported by four residential units above - two 2BR/1BA and two 1BR/1BA - all occupied, all with heat and hot water owner-paid. Three of the four residential units have been remodeled, featuring LVP flooring, updated kitchens, and stainless appliances. Residential rents are below market, offering a clear value-add path at natural turnover without capital expenditure. Original architectural character is preserved throughout the entire building. Total operating expenses of $37,808 annually (34% expense ratio). Owner financing considered. Full financial package available in MLS documents. Asking $899,000. Buyers to conduct independent due diligence on all figures.
| DAYS ON MARKET | 1 | LAST UPDATED | 7/15/2026 |
|---|---|---|---|
| YEAR BUILT | 1900 | COUNTY | New London |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Brick |
| HEAT | Natural Gas, Steam |
| LOT | 0.31 acre(s) |
| LOT DESCRIPTION | Level |
| PARKING | Off Street, Paved, Parking Lot |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 11905 |
| WATER | Public |
| ZONING | C-1 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing courtesy of Compass Connecticut, LLC
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