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23 Steward Street, New London, CT 06320

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For Sale
Sale Pending

$289,900

5 beds • 3 baths • 1,920 sqft

Estimated Payment

$ 1,492 /mo. †

6.67% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $150.99
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Fully rented 2-Family investment opportunity in New London. Investors take notice, this is a value-add potential property! This income-producing 2-family property in New London has both units that are fully rented with month-to-month tenants paying below-market rents, offering significant upside potential. Unit 1: 2-bedroom, 1-bathroom in decent condition, with room for value-add improvements. Unit 2: A spacious 3-bedroom, 2-bathroom unit spanning the second and third floors, boasting over 1,500 sq. ft. of living space. With room for value-add improvements. Modernized Systems: Separate electric and heating for each unit, with forced hot air heating and central air-updated within the last 7 years. This property presents a strong opportunity for appreciation and cash flow growth with immediate short term cash flow.
MLS# 24075194

Courtesy Of Real Broker CT, LLC

(855) 450-0442

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Lot Size
    0.09 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 23 Steward Street, New London, CT 06320

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $1,492
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,492

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

C. B. Jennings Dual Language And International Elementary Magnet School

Grades PK-5 Public School

New London, CT 06320 0.7 miles
50 mercer st

444 total students
13:1 Student teacher ratio

School Rating: D-

School Details

Harbor Elementary School

Grades PK-5 Public School

New London, CT 06320 0.8 miles
432 montauk ave

260 total students
10:1 Student teacher ratio

School Rating: D-

School Details

Nathan Hale Arts Magnet School

Grades KG-5 Public School

New London, CT 06320 1.8 miles
37 beech dr

494 total students
14:1 Student teacher ratio

School Rating: D-

School Details

Winthrop Stem Elementary Magnet School

Grades KG-5 Public School

New London, CT 06320 1.5 miles
74 grove st

471 total students
12:1 Student teacher ratio

School Rating: C

School Details

Bennie Dover Jackson International Education And Dual Language Middle School

Grades 6-8 Public School

New London, CT 06320 0.8 miles
36 waller st

337 total students
11:1 Student teacher ratio

School Rating: D

School Details

New London Visual & Performing Arts Magnet School

Grades 6-11 Public School

New London, CT 06320 0.8 miles
36 waller st

235 total students
9:1 Student teacher ratio

School Rating: C-

School Details

Science And Technology Magnet School Of Southeastern Connecticut

Grades 6-12 Public School

New London, CT 06320 1.2 miles
490 jefferson ave

470 total students
13:1 Student teacher ratio

School Rating: C-

School Details

New London Science & Technology Magnet High School

Grades 9-12 Public School

New London, CT 06320 1.3 miles
490 jefferson ave

537 total students
15:1 Student teacher ratio

School Rating: F

School Details
Other Nearby Schools Distance Type Grades School Rating
St Joseph School 0.2 miles Private KG-8
High Road School Of New London Md/high At Shiloh 0.6 miles Private 7-12
Interdistrict School For Arts And Communication 0.7 miles Public 6-8 B
Regional Multicultural Magnet School 0.9 miles Public KG-5 C-
Clark Lane Middle School 1.2 miles Public 6-8 C+
Waterford High School 1.4 miles Public 9-12 C+
The Friendship School 1.5 miles Public PK-KG
Sacred Heart School 1.7 miles Private PK-8
Marine Science Magnet High School 1.8 miles Public 9-12 A+
The Williams School 2 miles Private 6-12
Catherine Kolnaski Steam Magnet School 2.2 miles Public PK-5 C-
Thames River Magnet School 2.7 miles Public PK-5 B-

St Joseph School

Distance: 0.2 miles

Type Private

Grades: KG-8

High Road School Of New London Md/high At Shiloh

Distance: 0.6 miles

Type Private

Grades: 7-12

Interdistrict School For Arts And Communication

Distance: 0.7 miles

Type Public

Grades: 6-8

B

Regional Multicultural Magnet School

Distance: 0.9 miles

Type Public

Grades: KG-5

C-

Clark Lane Middle School

Distance: 1.2 miles

Type Public

Grades: 6-8

C+

Waterford High School

Distance: 1.4 miles

Type Public

Grades: 9-12

C+

The Friendship School

Distance: 1.5 miles

Type Public

Grades: PK-KG

Sacred Heart School

Distance: 1.7 miles

Type Private

Grades: PK-8

Marine Science Magnet High School

Distance: 1.8 miles

Type Public

Grades: 9-12

A+

The Williams School

Distance: 2 miles

Type Private

Grades: 6-12

Catherine Kolnaski Steam Magnet School

Distance: 2.2 miles

Type Public

Grades: PK-5

C-

Thames River Magnet School

Distance: 2.7 miles

Type Public

Grades: PK-5

B-

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for New London, CT 06320

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New London, CT 06320

This community’s employment is highest in the education and administrative support industries. The area’s overall household expenses are below the national average.

81° July
Hottest Average Month
21° January
Coldest Average Month
10,133 Total Households in Area
2.5% Increase in population since the year 2010
27.3%
of households
have children
20 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for New London, CT 06320

New London, CT 06320 has a population of 26,349 people in 10,133 households with a median age of 36.8 years old.

2.5%
Increase in population
since the year 2010
Population is Trending up
10,208
Total households as of 2010
3.4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 36.8 years old. The smallest percentage group is 18-24 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 45%
Hispanic 35%
Other 18%
Black 18%
Asian 3%
Native American 1%
The most prevalent ethnicity is White at 45%, followed by Hispanic at 35%, Other at 18%, and Black at 18%.

Economics
for New London, CT 06320

3,567 /sq mi
Population Density
$57,018 /yr
Median Household Income
$240,000
Median Sales Price
20 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 15.94% of the households.

Transportation to Work

  • Drive 79%
  • Work from Home 9%
  • Walk or Bike 8%
  • Public Transit 5%

Occupancy by Type

Rented 6,124 54%
Owned 4,009 35%
Vacant 1,236 11%

White vs Blue Collar Jobs







White Collar 72%
Blue Collar 28%

Family & Education Facts
for New London, CT 06320

36.8 Median Age

Average Household Size

2.3
persons per
household

29.1%

Married Households

Community Population By Education

High School Graduate 30%
Some College 22%
Bachelors Degree 16%
Some High School 12%
Graduate Degree 11%
Associates Degree 8%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 30.43% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
27.3% of households have children

Weather
for New London, CT 06320

The weather for this area ranges from a high of 81° F in July to a low of 21° F in January

81° July
Hottest Average Month
21° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
21°
38°
Feb
22°
39°
Mar
29°
46°
Apr
38°
57°
May
47°
66°
Jun
57°
75°
Jul
63°
81°
Aug
62°
80°
Sep
55°
73°
Oct
44°
63°
Nov
36°
53°
Dec
26°
42°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about New London, CT 06320!
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Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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