Welcome to 42 Spring Street, a turnkey two-family home and strong income-producing opportunity. Whether you rent both units or live in one and rent the other, this property offers real income and long-term value. The detached garage has its own electric meter and can be rented separately, providing an additional income source. Very well maintained and filled with natural light, this home is truly move-in ready. Unit 1 (first floor) offers a bright one-bedroom layout with a spacious eat-in kitchen, a comfortable living room, and an updated kitchen and bath. Unit 2 combines the second and third floors and features three spacious bedrooms with good closet space, a large eat-in kitchen, and a full bath. The upper unit includes kitchen upgrades and generous living space. Each unit has its own gas and electric meters, with gas heat and hot water serving each unit independently. Updates include a roof approximately 8 years old, updated windows and siding, and LED lighting throughout both units, inside and outside. The basement is clean, well maintained, and uncluttered. Enjoy a welcoming front porch, perfect for sitting and relaxing, plus a partially fenced backyard ideal for outdoor enjoyment. Conveniently located near Electric Boat, the Coast Guard Academy, Connecticut College, Pfizer, the train station, and the beach. An excellent opportunity for owner-occupants or investors.
Welcome to 42 Spring St., New London! This two-unit multifamily home is full of potential-and opportunity. With off-street parking and a detached garage, it's ideal for attracting long-term renters. Located within a short commute to Electric Boat, the casinos, and the train station, this property offers convenience and connectivity for tenants and owners alike. Yes, she needs a little TLC to shine again-but that's where the value is. Whether you're a savvy investor looking for your next flip, a landlord-to-be hunting for a promising rental, or even a tenant ready to stop renting and start building equity, this is the project for you. Don't miss your chance to turn potential into profit at 42 Spring St.!
Smart MLS #E180535
Jan 31, 2008
Listing Removed
—
Mar 24, 2006
Listed
$199,000
$113/sq ft
Public Records
Oct 31, 2003
Sold
$130,000
$74/sq ft
Smart MLS #E138601
Jul 30, 2003
Listed
$139,900
$79/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$3,102 (−0.2%)
$32,060 + $51,240
$83,300
2022
$3,108 (−1.7%)
$32,060 + $51,240
$83,300
2021
$3,161 (−0.6%)
$32,060 + $51,240
$83,300
2020
$3,181 (−4.3%)
$32,060 + $51,240
$83,300
2019
$3,324 (+5.7%)
$32,060 + $51,240
$83,300
2018
$3,144 (−1.2%)
$30,800 + $41,090
$71,890
2017
$3,182 (+9.4%)
$30,800 + $41,090
$71,890
2016
$2,909 (+18.1%)
$30,800 + $41,090
$71,890
2014
$2,464 (−15.6%)
$30,800 + $41,090
$71,890
2011
$2,920
$36,890 + $69,300
$106,190
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
—
Sq. Ft.
1,760
Year built
1906
Style
Multi-Family (2-4 Unit)
County
New London County
APN
1999467
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2023.
R-2
Two Family Medium Density Residential District
To provide for areas of relatively open character for single family and 2 family detached dwellings as well as for preservation of open spaces through cluster development on appropriate sites; to provide for facilities and uses which serve residents of these areas and which are benefited by an open residential environment; to provide opportunity for creative use of large older buildings as a means of assuring neighborhood stability, aesthetics and historic preservation.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Parking
Garage Information
Garage & Parking: Detached Garage, Paved, Off Street Parking, Driveway
Garages Number: 1
Parking Information
Parking Total Spaces: 5
Interior
Interior Information
Total Rooms: 10
Laundry Room Info: All Units Have Hook-Ups
Cooling System: Window Unit
Bathroom Information
# of Baths (Full): 2
Bedroom Information
Beds Total: 4
Room Information
Basement Description: Full, Unfinished, Full With Hatchway
Multi-Unit Information
Total Rooms Multi Family: 10
Total Number of Units: 2
Exterior
Exterior Features
Roof Information: Asphalt Shingle
Exterior Siding: Vinyl Siding, Asbestos
Building Information
Foundation Type: Brick, Concrete
Construction Description: Frame
Property Information
Property Type: Multi-Family For Sale
Property Sub Type: 2 Family
Living Area SQFT Per Public Record: 1760
Driveway Type: Paved
Financial
Assessments Information
Assessed Value: $122,800
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Hot Water Description: Natural Gas, 40 Gallon Tank
Heat Type: Hot Water
Heat Fuel Type: Natural Gas
Location
School Information
High School: Per Board of Ed
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Nearby Amenities: Park, Public Rec Facilities, Public Transportation
Directions: GPS friendly
County: New London
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,760
Stories: 2.0
Lot Size: 4,792 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1906
Year Renovated: —
County: New London County
APN: 1999467
Home facts updated by county records on Jul 14, 2023
Other
Documents & Disclosures
Supplement Count Public: 3
Around this home
Schools
C.B. Jennings International Elementary Magnet
Public PreK-5 • Assigned • 0.5mi
3/10
Bennie Dover Jackson Middle School
Public 5-8 • Assigned • 0.6mi
3/10
New London Visual and Performing Arts Magnet School
Public 6-12 • Assigned • 0.6mi
4/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 94° expected this year, 16 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
New London, CT • 06320
Average low and high temperatures (°F)
36
23
38
23
50
33
58
42
66
51
78
61
82
67
78
61
74
58
65
48
55
38
41
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in New London. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$415,000 – $502,000
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