42 Spring St

New London, CT 06320

$389,000
Price
4
Beds
1,760 Sq. Ft.
$221 / Sq. Ft.
1,760
Sq. Ft.
$221
per Sq. Ft.

Description

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,...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.
  1. Listed by Angela Espinoza • CT Homes Real Estate
    P: (860)-250-5794 C: (860)-250-5794 angelarealtor247@gmail.com

Property Details for 42 Spring Street

Basement Description
Full, Unfinished, Full With Hatchway
Direct Waterfront
No
Garages Number
1
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
Detached Garage, Paved, Off Street Parking, Driveway
Swimming Pool
No
LISTING UPDATED: 01/29/2026 02:49 AM

Property Details for 42 Spring Street

StatusActive
MLS #24151496
Days on Market1
Taxes$3,340 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 2 Family
Year Built1906
Lot Size0.11 AC / 4,791 SF
CountyNew London County

Location

Listing Courtesy of CT Homes Real Estate, Angela Espinoza
Add your commute

Building Information for 42 Spring Street

Stories-Residences2Year Built1906Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$2,174 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,896

Property Taxes

$278

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 42 Spring 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: 41.349659
  • Longitude: -72.108722
  • Neighborhood Amenities: Park, Public Rec Facilities, Public Transportation
  • State: Connecticut
Parking
  • Parking Total Spaces: 5
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $3,340
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: Window Unit
  • Heat Type: Hot Water
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: All Units Have Hook-Ups
  • Rooms Total: 10
Property
Property and Assessments
  • Construction Description: Frame
  • Driveway Type: Paved
  • Exterior Siding: Vinyl Siding, Asbestos
  • Foundation Type: Brick, Concrete
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1906
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 1760
Lot Information
  • Lot Description: N/A
  • Parcel Number: 1999467
  • Sq Ft Est Heated Above Grade: 1760.0
  • Sq Ft Total: 1760.0
  • Zoning: R-2
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, 40 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Vacant
  • Total Number of Units: 2
  • Total Rooms Multi Family: 10
Unit 1
  • Unit Appliances: Electric Range,Microwave,Range Hood,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 01-29-2026
  • Unit Monthly Rent: $2,000
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 6
  • Unit Occupied By: Vacant
Unit 2
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 01-29-2026
  • Unit Monthly Rent: $1,250
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Vacant

Property History for 42 Spring Street

DateEvent & SourcePriceAppreciation
Jun 17, 2025

Closed (Public Record)

Public Record #1902937675

$220,000

+2.5% / yr

Oct 31, 2003

Closed (Public Record)

Public Record #127941075

$130,000—
DateEvent & SourcePrice
06/17/2025

Closed (Public Record)

Public Record #1902937675

$220,000

+2.5% / yr

10/31/2003

Closed (Public Record)

Public Record #127941075

$130,000

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

Public Records for 42 Spring Street

Taxable ValueLand$40,100Additions$82,700Total$122,800
Tax Record2024$3,340 ($278 / month)
Home Facts
Baths2Total Finished SqFt1,760 SqFtAbove Grade Finished SqFt1,760 SqFtUnfinished Basement SqFt704 SqFtStories2Lot Size4,792 SqFtStyleDuplexYear Built1906ZoningR-2CountyNEW LONDONAPNNLON M:E14 B:0125 L:0002

Schools near 42 Spring 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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More information about 42 Spring Street, New London, CT 06320

42 Spring Street is a multi-family home for sale in New London, CT 06320. 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. 42 Spring Street is a 4-bed, 2-bath, 1,760 sqft multi-family home built in 1906.

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 CT Homes Real Estate, Angela Espinoza

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.