Sold
Last Sold Price
6 beds3,437 sqft
288 Benham Rd, Groton, CT 06340
Multi FamilyProperty Type
0.52 acresLot Size
1900Year Built
$169/sq ftPrice per sq ft
2 carsParking Spaces

Description

Here's your chance to own a renovated 4-family property in Groton, offering fantastic returns with minimal upkeep. This well-located multifamily has undergone extensive updates, including new kitchens, bathrooms, hardwood floors and drywall. The entire building was upgraded with a newly installed, individually metered propane heating system, ensuring energy efficiency and low overhead costs. With tenant-paid utilities and coin operated laundry, this property maximizes profitability while keeping...Here's your chance to own a renovated 4-family property in Groton, offering fantastic returns with minimal upkeep. This well-located multifamily has undergone extensive updates, including new kitchens, bathrooms, hardwood floors and drywall. The entire building was upgraded with a newly installed, individually metered propane heating system, ensuring energy efficiency and low overhead costs. With tenant-paid utilities and coin operated laundry, this property maximizes profitability while keeping maintenance costs at a minimum, making it a prime investment opportunity. The property is ideally situated near some of Groton's largest employers, including EB, Pfizer, UConn, and is a stone's throw from Eastern Point Beach and Shennecosset Golf Course, making it easy to attract responsible tenants. Enjoy the convenience of being just minutes from New London and 10 minutes to Mystic, plus direct access to public transportation, including Amtrak and Shoreline East, for seamless travel to Boston and New York. As an added bonus, one unit is currently vacant, allowing the opportunity for the new owner to live on-site while generating rental income. The detached 2 car garage currently generates additional income. This is a must-see for savvy investors looking to capitalize on a prime location with low maintenance costs.
  • Listed by: Sherry Borgeson 860.334.0095 sherryborgeson@bhhsne.com • Berkshire Hathaway NE Prop.
Listing closed: 08/22/2025 12:00 AM • Source: SMARTMLS, MLS#: 24109711

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Location

Listing Courtesy of Berkshire Hathaway NE Prop., Sherry Borgeson

Sold By Berkshire Hathaway NE Prop., Sherry Borgeson

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Payment Calculator

$3,650 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,096

Property Taxes

$554

HOA Dues

$0

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Property Information for 288 Benham Road

Property Details
  • Taxes: $6,642 / year
  • MLS Type: Multi-Family / 4 Family
  • Basement Description: Full, Storage, Hatchway Access, Interior Access, Concrete Floor, Full With Walk-Out
  • Direct Waterfront: No
  • Garages Number: 2
  • Neighborhood: Groton City
  • Style: Units on different Floors, Units are Side-by-Side
  • Garage Parking Info: Detached Garage
  • Swimming Pool: No
Building Information
  • Residences: 4
  • Year Built: 1900
  • Lot Size: 0.52 AC / 22,651 SF
Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS friendly.
  • Elementary School: Per Board of Ed
  • High School: Fitch Senior
  • Latitude: 41.340135
  • Longitude: -72.074397
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $6,642
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Porch
  • Waterfront Description: Walk to Water
Interior Features
  • Cooling System: Ceiling Fans, Window Unit
  • Heat Type: Baseboard
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: Coin Op Laundry
  • Rooms Total: 14
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Shingle
  • Foundation Type: Concrete
  • Fuel Tank Location: Above Ground
  • Handicap Features: Multiple Entries/Exits
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Sq Ft Description: 4 family
  • Living Area SQFT Per Public Records: 0
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 2239075
  • Sq Ft Est Heated Above Grade: 3437.0
  • Sq Ft Total: 3437.0
  • Zoning: R52
Utilities
  • Heat Fuel Type: Bottle Gas
  • Hot Water Description: Propane, Upright Tank
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Income: 78600
  • Occupied By: Tenant
  • Total Number of Units: 4
  • Total Rooms Multi Family: 14
Unit 1
  • Unit Appliances: Electric Range,Oven/Range,Microwave,Refrigerator,Dishwasher,Washer,Electric Dryer
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 09-30-2025
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Vacant
Unit 2
  • Unit Appliances: Electric Range,Oven/Range,Refrigerator,Dishwasher,Washer,Electric Dryer
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 09-30-2025
  • Unit Monthly Rent: $1,800
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Monthly
  • Unit Appliances: Electric Range,Oven/Range,Microwave,Refrigerator,Dishwasher,Washer,Electric Dryer
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 09-30-2025
  • Unit Monthly Rent: $1,300
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Monthly
  • Unit Appliances: Electric Range,Oven/Range,Microwave,Refrigerator,Dishwasher
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 09-30-2025
  • Unit Monthly Rent: $1,300
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant

Property History for 288 Benham Road

DateEvent & SourcePriceAppreciation
Aug 22, 2025

Closed (Public Record)

Public Record #1912358001

$580,000

+9.1% / yr

Jul 9, 2021

Closed (Public Record)

Public Record #1467828918

$405,000

+21.7% / yr

Jun 15, 2016

Closed (Public Record)

Public Record #573249465

$150,000

+669.7% / yr

DateEvent & SourcePrice
08/22/2025

Closed (Public Record)

Public Record #1912358001

$580,000

+9.1% / yr

07/09/2021

Closed (Public Record)

Public Record #1467828918

$405,000

+21.7% / yr

06/15/2016

Closed (Public Record)

Public Record #573249465

$150,000

+669.7% / yr

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

Public Records for 288 Benham Road

Taxable ValueLand$114,002Additions$115,738Total$229,740
Tax Record2025$6,642 ($554 / month)
Home Facts
Total Finished SqFt3,437 SqFtAbove Grade Finished SqFt3,437 SqFtStories2Lot Size22,651 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900Year Renovated1900ZoningR52CountySOUTHEASTERN CONNECTICUTAPNGROT M:168811555388

Schools near 288 Benham Road

This home is within Groton School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Catherine Kolnaski Magnet School
PublicPK to 5

Groton Middle School
Public6 to 8

Fitch Senior High School
Public9 to 12

West Side Middle School
Public6 to 8

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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 288 Benham Road, Groton, CT 06340
$580,000
6
3,437
22,651
$250,000
2
1,946
15,246
$85,500
3
1.5
1,020
5,881
$158,000
3
1,180
11,107
–
3
1
960
8,059
$86,000
3
1
1,015
10,237

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway NE Prop., Sherry Borgeson

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.