1,666 Sq. Ft.
$189 / Sq. Ft.
1,666
Sq. Ft.
$189
per Sq. Ft.

Description

INVESTORS TAKE NOTE! Seller seeking clean contract. This well-maintained two-unit multifamily property offers an excellent opportunity for investors seeking stable income and long-term value. Both units are currently occupied by reliable tenants on active leases, providing IMMEDIATE CASH FLOW DAY ONE. Unit 2 was recently turned over and features fresh paint throughout, gorgeous flooring, and abundant character that enhances its overall charm and appeal. The updates create a bright, inviting living...INVESTORS TAKE NOTE! Seller seeking clean contract. This well-maintained two-unit multifamily property offers an excellent opportunity for investors seeking stable income and long-term value. Both units are currently occupied by reliable tenants on active leases, providing IMMEDIATE CASH FLOW DAY ONE. Unit 2 was recently turned over and features fresh paint throughout, gorgeous flooring, and abundant character that enhances its overall charm and appeal. The updates create a bright, inviting living space while preserving the property's unique personality. The home also benefits from an active solar lease, helping to offset energy costs and support efficient living. With strong tenancy and thoughtful updates, this property is a smart addition to any investment portfolio.

Listing Agent

  1. Amanda Lamborn

    Amanda Lamborn

    Listing Agent

    Compass

Property Details for 31 Grand Street

Basement Description
Full, Full With Hatchway
Direct Waterfront
No
Expected Active Date
01-16-2026
Neighborhood
N/A
Style
Units on different Floors
Swimming Pool
No
Expected On Market Date
01-16-2026
LISTING UPDATED: 01/18/2026 12:40 AM

Property Details for 31 Grand Street

StatusActive
MLS #24148436
Days on Market3
Taxes$2,921 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 2 Family
Year Built1912
Lot Size0.11 AC / 4,791 SF
CountyNew London County
Add your commute

Building Information for 31 Grand Street

Stories-Residences2Year Built1912Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$1,779 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,535

Property Taxes

$243

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 31 Grand Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.350852
  • Longitude: -72.107449
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $2,921
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Baseboard
  • Attic YN: No
  • Fireplaces Total: 0
  • Rooms Total: 8
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Asbestos
  • Foundation Type: Stone
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1912
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 1666
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 2000358
  • Sq Ft Est Heated Above Grade: 1666.0
  • Sq Ft Total: 1666.0
  • Zoning: C-1
Utilities
  • Heat Fuel Type: Electric
  • Hot Water Description: Domestic
  • Sewage System: Public Sewer Connected
  • 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
  • Lease: Leased
  • Lease Expires: 09-14-2026
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 770
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 01-17-2026
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 08-31-2026
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 900
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 01-17-2026
  • Unit Monthly Rent: $1,550
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant

Property History for 31 Grand Street

DateEvent & SourcePriceAppreciation
Jul 9, 2021

Closed (Public Record)

Public Record #1466688494

$160,000

+13.0% / yr

Mar 31, 2016

Closed (Public Record)

Public Record #570681215

$84,000

+13.7% / yr

Feb 3, 2010

Closed (Public Record)

Public Record #283372597

$38,100—
Feb 3, 2010

Closed (Public Record)

Public Record #327179957

$1

-100.0% / yr

Nov 9, 2009

Closed (Public Record)

Public Record #278756423

$246,500

-2.0% / yr

Feb 27, 2007

Closed (Public Record)

Public Record #215958788

$260,000

+25.0% / yr

Mar 22, 2004

Closed (Public Record)

Public Record #134214194

$135,000

+17.3% / yr

Aug 31, 2000

Closed (Public Record)

Public Record #92648048

$76,500—
DateEvent & SourcePrice
07/09/2021

Closed (Public Record)

Public Record #1466688494

$160,000

+13.0% / yr

03/31/2016

Closed (Public Record)

Public Record #570681215

$84,000

+13.7% / yr

02/03/2010

Closed (Public Record)

Public Record #283372597

$38,100
02/03/2010

Closed (Public Record)

Public Record #327179957

$1

-100.0% / yr

11/09/2009

Closed (Public Record)

Public Record #278756423

$246,500

-2.0% / yr

02/27/2007

Closed (Public Record)

Public Record #215958788

$260,000

+25.0% / yr

03/22/2004

Closed (Public Record)

Public Record #134214194

$135,000

+17.3% / yr

08/31/2000

Closed (Public Record)

Public Record #92648048

$76,500

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

Public Records for 31 Grand Street

Taxable ValueLand$32,300Additions$75,100Total$107,400
Tax Record2024$2,921 ($243 / month)
Home Facts
Baths2Total Finished SqFt1,666 SqFtAbove Grade Finished SqFt1,666 SqFtUnfinished Basement SqFt896 SqFtStories2Lot Size4,792 SqFtStyleDuplexYear Built1912ZoningC-1CountyNEW LONDONAPNNLON M:E13 B:0131 L:0004

Schools near 31 Grand Street

This home is within New London School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Harbor School
PublicK to 5

Bennie Dover Jackson Middle School
Public6 to 8

New London 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.

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31 Grand Street is a multi-family home for sale in New London, CT 06320. This property was listed for sale on January 12, 2026 by Compass, it's currently listed at $315,000. It has been on the market for a total of 3 days and was last sold on July 9, 2021. This listing's school district is New London School District. Nearby schools include Harbor School, Bennie Dover Jackson Middle School and New London High School. 31 Grand Street is a 4-bed, 2-bath, 1,666 sqft multi-family home built in 1912.

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.

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.