NOMADEReal Estate

$1,495,000

Under ContractUnder Contract

19 Pearl Street

Groton, Connecticut, 06340 · New London County

6

Beds

6

Baths

3,791

Sq Ft

1844

Built

MLS # 24190392

Price / Sq Ft

$394

Property Type

Multi-Family For Sale

Lot Size

0.22

Class

Property

About This Property

Historic Downtown Mystic Well Maintained 4 Family Home. This exceptional income-producing property featuring 2 legally approved Airbnb units (town of Groton) with private parking-offering generous revenue potential. 100 percent Occupied with one year lease. This special property features two covered porches and valuable off-street parking, just steps from Mystic's renowned shops, acclaimed restaurants, the iconic Bascule Bridge, sailing, kayaking, and year-round waterfront activities. The building offers three one-bedroom, one-bath apartments plus a second floor spacious three-bedroom, 2.5-bath residence, ideal for owner occupancy, long-term rental, or continued short-term use. A proven and lucrative Annual and VRBO rental history enhances its investment appeal. An outstanding opportunity in one of Connecticut's most sought-after coastal destinations-perfect for investors, second-home buyers, or those seeking to live in downtown Mystic while generating income. Very well maintained. Shared Laundry in Basement. Excellent Location and Value!

Property Details

19 Pearl Street, Groton Connecticut 06340 — Multi-Family For Sale listed at $1,495,000.

At a Glance

6

Bedrooms

6

Bathrooms

3,791

Sq Ft

0.22

Lot Size

--

Garage

1844

Year Built

The Details

Property TypeMulti-Family For Sale
NeighborhoodNew London
Address19 Pearl Street
MLS Number24190392
Year Built1844
Square Footage3,791
Lot Size0.22
Bedrooms6
Bathrooms6
Water SourcePublic Water Connected

Property Details

Financial

Assessed Value525000
Mil Rate Total27.22
Property Tax14291
Tax YearJuly 2025-June 2026

Property Features

Attic DescriptionAccess Via Hatch
Attic YN1
Basement DescriptionFull,Unfinished,Full With Walk-Out
Cooling SystemWall Unit
Driveway TypePrivate,Crushed Stone
Exterior FeaturesSidewalk
Exterior SidingClapboard,Cedar,Wood
Foundation TypeStone
Fuel Tank LocationIn Basement
Garage ParkingParking Lot,Off Street Parking,Driveway
Heat Fuel TypeOil
Heat TypeBaseboard,Hot Water
Hot Water DescriptionDomestic
Laundry Room InfoCoin Op Laundry,Common Laundry Area
Laundry Room LocationIn Basement
Roof InformationAsphalt Shingle

Other Details

ColorYellow and White
Gross Annual Expense30910
Gross Annual Income91800
Net Operating Income60890
Parcel Number1960769
Parking Total Spaces5
ZoningR-7

All Photos (40)

MARKET CONTEXTGroton
Town Median+360% vs list
$325,000
Groton, CT
Mill Rate
24.17
New London County
NYC Commute
145 min
door-to-door estimate
Schools
B
1 graded
LOADING COMP CLOUD…

This listing is +360% vs the Groton median. Verify against same-school-district comps before competing offers.

Contact Judith Caracausa

Fill out the form below and we will respond promptly.

Affordability Calculator

$1,495,000

Down Payment$299,000
Loan Amount$1,196,000
Principal & Interest$7,560/mo
Property Tax$1,495/mo
Insurance$100/mo
Est. Monthly$9,155/mo

Listing Agent

J

Judith Caracausa

William Pitt Sotheby's Int'l

Quick Facts

StatusUnder Contract
TypeMulti-Family For Sale
ClassProperty
MLS #24190392
Last Updated2026-07-17