40 Pearl St

New London, CT 06320

$1,100,000
Last Sold Price
—
Beds
9,366 Sq. Ft.
$117 / Sq. Ft.
9,366
Sq. Ft.
$117
per Sq. Ft.
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Closed 12/19/25
Closed 12/19/25
a car parked in front of a brick building

Description

Very well maintained 12 Unit multi-family property in the heart of downtown New London. All units are 1 bedroom with 1 bathroom. Total square footage is 9,366. Three stories with basement. Heat and hot water included in the rent. Laundry room on site. Water views from some units. NOI approximately $107,720. CAP rate: 7. Close proximity to restaurants, bars and shops. Room to increase NOI.Very well maintained 12 Unit multi-family property in the heart of downtown New London. All units are 1 bedroom with 1 bathroom. Total square footage is 9,366. Three stories with basement. Heat and hot water included in the rent. Laundry room on site. Water views from some units. NOI approximately $107,720. CAP rate: 7. Close proximity to restaurants, bars and shops. Room to increase NOI.
  1. Listed by Constance Howard • U.S. Properties Real Estate Services, LLC
    P: (615)-293-3878 C: (615)-293-3878 chowardusp@gmail.com
  2. Listed by Susan Howard Cihocki • U.S. Properties Real Estate Services, LLC
    P: (860)-691-2011 C: (860)-941-0694 showard@uspropre.com

Property Details for 40 Pearl Street

Location
Highway Access
Neighborhood
N/A
LISTING UPDATED: 12/23/2025 03:46 PM

Property Details for 40 Pearl Street

StatusClosed
MLS #24131150
Days on Market11
Taxes$13,889 / year
HOA Fees-
Condo/Co-op Fees-
Compass Type-
MLS Type-
Year Built1895
Lot Size0.09 AC / 3,920 SF
CountyNew London County
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Location

Listing Courtesy of U.S. Properties Real Estate Services, LLC, Constance Howard; U.S. Properties Real Estate Services, LLC, Susan Howard Cihocki

Sold By U.S. Properties Real Estate Services, LLC, Constance Howard

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Building Information for 40 Pearl Street

Stories-Residences12Year Built1895Lot Size0.09 AC / 3,920 SF

Payment Calculator

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$6,519 per month

30 year fixed, 6.15% Interest

Principal and Interest

$5,361

Property Taxes

$1,157

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 40 Pearl Street

Summary
Property and Location
  • Directions: GPS Friendly.
  • Latitude: 41.353099
  • Longitude: -72.097232
  • State: Connecticut
HOA and Fees
  • Tax Year: July 2025-June 2026
  • Property Tax: $13,889
Interior and Exterior Features
Interior Features
  • Cooling System: None
  • Heat Type: Hot Air, Hot Water
  • Rooms Total: 0
Property
Property and Assessments
  • Construction Description: Brick
  • Foundation Type: Masonry
  • Road Frontage Description: Municipal Street
  • Roof: Tar/Gravel
  • Sq Ft Source: Public Records
  • Year Built: 1895
  • Bank Owned Property: No
Lot Information
  • Documents Available: Brochure
  • Lot Description: Dry
  • Parcel Number: 1999863
  • Sq Ft Total: 9366.0
  • Zoning: CBD-2
Utilities
  • Heat Fuel Type: Oil
  • Sewage System: Public Sewer Connected
  • Utilities Available: Electric Available, Phone Available
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 12
Unit 1
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 10-03-2025
  • Unit Number Of: 12
  • Unit Type: 1 Bedroom

Property History for 40 Pearl Street

DateEvent & SourcePriceAppreciation
Nov 23, 2010

Closed (Public Record)

Public Record #300740677

$360,000

+0.4% / yr

Mar 19, 2003

Closed (Public Record)

Public Record #119733177

$350,000

+15.8% / yr

Jul 22, 2002

Closed (Public Record)

Public Record #101714965

$317,900—
DateEvent & SourcePrice
11/23/2010

Closed (Public Record)

Public Record #300740677

$360,000

+0.4% / yr

03/19/2003

Closed (Public Record)

Public Record #119733177

$350,000

+15.8% / yr

07/22/2002

Closed (Public Record)

Public Record #101714965

$317,900

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

Public Records for 40 Pearl Street

Taxable ValueLand$27,900Additions$3,100Total$31,000
Tax Record2024$874 ($73 / month)
Home Facts
Lot Size5,663 SqFtStyleMulti-Family Res (5+ Units)ZoningCBD-2CountyNEW LONDONAPNNLON M:G12 B:0146 L:0007

Schools near 40 Pearl Street

This home is within New London School District.
Rating
School
Type
Grades
Distance
Harbor School
Public - K to 5
Bennie Dover Jackson Middle School
Public - 6 to 8
New London High School
Public - 9 to 12
C.B. Jennings International Elementary Magnet
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

C.B. Jennings International Elementary Magnet
PublicK to 5

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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Listing Courtesy of U.S. Properties Real Estate Services, LLC, Constance Howard; U.S. Properties Real Estate Services, LLC, Susan Howard Cihocki

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.