224 Shore Rd

Old Lyme, CT 06371

$1,250,000
Price
4
Beds
1,698 Sq. Ft.
$736 / Sq. Ft.
1,698
Sq. Ft.
$736
per Sq. Ft.
a house view with a garden space
a view of a lake
a kitchen with granite countertop a sink stove and refrigerator
a kitchen with granite countertop wooden cabinets stainless steel appliances and a counter space
a view of kitchen island with granite countertop sink and refrigerator
a living room with a bed furniture and a wooden floor
a view of a livingroom with lounge chair and a window
a wooden bench sitting in a bedroom next to a window
a view of a room with wooden floor and window
a view of wooden floor in a room
a bathroom with a sink and a tub
a view of a house with backyard
a swimming pool view with a outdoor space
a view of a house with a yard and sitting area
a view of a house with a yard
a view of a house with a yard
a view of a house with pool and chairs
a view of a city
a view of a city
a view of a garden
a view of a yard with an outdoor space
a view of a garden
a view of a field with a tree in the background
a view of a garden

Description

Investment Opportunity! Multi use property. Approved Permit for Storage Units. The "holy grail" of passive income! Property includes a Multi family house with 2 rental units in place and monthly income of approx $3400/ month. Back portion of lot permitted for up to 14,000 Sq Ft of storage units with office space. Full approval and plans for four storage buildings ranging in size from 1800-4200 sq ft. One of four buildings to have a shop/office. This is the last available space in Old Lyme in which...Investment Opportunity! Multi use property. Approved Permit for Storage Units. The "holy grail" of passive income! Property includes a Multi family house with 2 rental units in place and monthly income of approx $3400/ month. Back portion of lot permitted for up to 14,000 Sq Ft of storage units with office space. Full approval and plans for four storage buildings ranging in size from 1800-4200 sq ft. One of four buildings to have a shop/office. This is the last available space in Old Lyme in which storage space can be built. Easy to build on, level open space. Sit back and earn money!
  1. Listed by Jodi Serapilia • William Raveis Real Estate
    P: (860)-919-7402 C: (860)-919-7402 jodi.serapilia@raveis.com
  2. Listed by Jaime Dasilva • William Raveis Real Estate
    P: (860)-388-3936 C: (860)-681-3654 jaime.dasilva@raveis.com

Property Details for 224 Shore Road

Basement Description
Partial, Unfinished
Direct Waterfront
No
Garages Number
0
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
None
Swimming Pool
No
LISTING UPDATED: 10/07/2025 11:36 PM

Property Details for 224 Shore Road

StatusActive
MLS #24125637
Days on Market104
Taxes$3,225 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 2 Family
Year Built1928
Lot Size1.70 AC / 74,052 SF
CountyNew London County

Location

Listing Courtesy of William Raveis Real Estate, Jodi Serapilia; William Raveis Real Estate, Jaime Dasilva
Add your commute

Building Information for 224 Shore Road

Stories-Residences2Year Built1928Building Size-Lot Size1.70 AC / 74,052 SF

Payment Calculator

$6,445 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,177

Property Taxes

$269

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 224 Shore Road

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS friendly
  • Elementary School: Mile Creek
  • High School: Lyme-Old Lyme
  • Latitude: 41.289019
  • Longitude: -72.288677
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $3,225
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Hot Water
  • Attic YN: No
  • Fireplaces Total: 0
  • Rooms Total: 8
Property
Property and Assessments
  • Color: white
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Fuel Tank Location: Above Ground
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1928
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 1698
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1550900
  • Sq Ft Est Heated Above Grade: 1698.0
  • Sq Ft Total: 1698.0
  • Zoning: C-30
Utilities
  • Heat Fuel Type: Oil
  • Hot Water Description: Domestic
  • Sewage System: Septic
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 2
  • Total Rooms Multi Family: 8
Unit 1
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 882
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 09-10-2025
  • Unit Monthly Rent: $1,650
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 2
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 816
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 09-10-2025
  • Unit Monthly Rent: $1,750
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4

Property History for 224 Shore Road

DateEvent & SourcePriceAppreciation
Jul 23, 1998

Closed (Public Record)

Public Record #92683850

$80,000

-15.5% / yr

Nov 30, 1995

Closed (Public Record)

Public Record #92684629

$125,000—
DateEvent & SourcePrice
07/23/1998

Closed (Public Record)

Public Record #92683850

$80,000

-15.5% / yr

11/30/1995

Closed (Public Record)

Public Record #92684629

$125,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 224 Shore Road

Taxable ValueLand$80,200Additions$118,500Total$198,700
Tax Record2024$3,225 ($269 / month)
Home Facts
Baths2Total Finished SqFt1,698 SqFtAbove Grade Finished SqFt1,698 SqFtUnfinished Basement SqFt816 SqFtStories2Lot Size73,996 SqFtStyleDuplexYear Built1928ZoningC-30CountyNEW LONDONAPNOLYM M:8 L:33

Schools near 224 Shore Road

This home is within Regional School District 18.
Rating
School
Type
Grades
Distance
Mile Creek School
Public - K to 5
Lyme-Old Lyme Middle School
Public - 6 to 8
Lyme-Old Lyme High School
Public - 9 to 12
Rating
School
Distance
Mile Creek School
PublicK to 5

Lyme-Old Lyme Middle School
Public6 to 8

Lyme-Old Lyme High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 224 Shore Road, Old Lyme, CT 06371

224 Shore Road is a multi-family home for sale in Old Lyme, CT 06371. This property was listed for sale on September 10, 2025 by William Raveis Real Estate, it's currently listed at $1,250,000. It has been on the market for a total of 104 days and was last sold on July 23, 1998. This listing's school district is Regional School District 18. Nearby schools include Mile Creek School, Lyme-Old Lyme Middle School and Lyme-Old Lyme High School. 224 Shore Road is a 4-bed, 2-bath, 1,698 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of William Raveis Real Estate, Jodi Serapilia; William Raveis Real Estate, Jaime Dasilva

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.