15 Chester Street

15 Chester Street , New London, CT 06320

  • For Sale $950,000
  • Property Type Multi-Family
  • Property Size 3,840 SF
  • Units 8
  • Lot Size 0.46 Acre
  • Date Updated Mar 25, 2025
New London County, located in southeastern Connecticut, is a region rich in history and diversity. It's county seat is New London, a historic city known for its maritime heritage and vibrant cultural scene. The county’s landscape features a mix of urban, suburban, and rural areas, including picturesque coastal towns and scenic waterfronts along Long Island Sound. Economically, New London County benefits from a diverse base, with key sectors including healthcare, education, manufacturing, and tourism. The presence of major institutions such as the U.S. Coast Guard Academy and Electric Boat contributes significantly to the local economy. The county also enjoys a strong connection to the maritime industry, with several ports and a history of shipbuilding. The area is known for its historical sites, such as the Mystic Seaport and the Nautilus Museum, which attract tourists and provide insight into the region’s past. With a blend of historical charm, natural beauty, and economic vitality, New London County offers a unique living experience and a rich cultural landscape.Northeast Private Client Group is pleased to present 15 Chester Street an 8 unit multifamily portfolio spread across two buildings located at 15 Chester Street in New London, New London’s strategic location around near major and growing employers and access to transportation and transit has made it an attractive spot for investors looking to capitalize. As a result, multifamily properties in New London are seeing rising interest and investment from both institutional and individual investors. By bringing rents up to market rates, the new owner can immediately boost rental income by $19,000 annually. Additionally, through targeted renovations—such as upgrading kitchens, bathrooms, and common areas—the owner can further increase rents, unlocking additional revenue potential. These improvements not only attract higher-paying tenants but also improve tenant retention and reduce vacancies, leading to a more stable cash flow. The combination of immediate rent increases and the ability to enhance the property’s appeal through renovations makes this a highly attractive investment, with the potential for both short-term income growth and long-term appreciation.
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Highlights

  • 8 Units
  • 2 Buildings
  • 1BR/1BA layouts
  • Tenant Paid utilities
  • Off-Street Parking
  • On-Site Laundry

Contacts

broker

Northeast Private Client Group

Location

Getting Around

  • Walk Score ®

    28/100 Car-Dependent
  • Transit Score ®

    24/100 Minimal Transit
  • Bike Score ®

    33/100 Somewhat Bikeable
Powered by Walk Score ®
  • City New London, CT
  • Zip Code 06320
  • Market Bridgeport New Haven

Points of Interest

  • New London

    1.67 miles

  • New London Union Station

    1.67 miles

  • Mobil

    1.00 miles

  • Gulf

    1.24 miles

  • Citgo

    1.26 miles

  • Bestway

    1.31 miles

  • BJ’s Gas

    2.10 miles

  • Shell

    2.82 miles

  • Hess

    2.84 miles

  • Gulf Express

    2.89 miles

  • Stengers Field Parking Lot

    0.99 miles

  • D-Lot

    1.40 miles

  • C-Lot

    1.43 miles

  • Cornish Parking Garage

    1.43 miles

  • E-Lot

    1.46 miles

  • A-Lot

    1.47 miles

  • K-Lot

    1.48 miles

  • Crocker's Boat Yard

    1.49 miles

  • F-Lot

    1.49 miles

  • J-Lot

    1.50 miles

  • Holiday Inn

    0.85 miles

  • SpringHill Suites

    0.87 miles

  • Navy Lodge Groton

    2.51 miles

  • Super 8

    2.83 miles

  • Baymont

    2.87 miles

  • Groton Chalet

    3.04 miles

  • Days Inn

    3.13 miles

  • Ramada

    3.22 miles

  • Hampton Inn & Suites

    3.23 miles

  • Hilton Garden Inn

    3.31 miles

  • McDonald's

    0.40 miles

  • Taco Bell

    0.41 miles

  • Dunkin'

    0.41 miles

  • Wendy's

    0.42 miles

  • Popeyes

    0.45 miles

  • Texas Roadhouse

    0.67 miles

  • Denny's

    0.67 miles

  • Little Galapagos Restaurant & Bar

    1.08 miles

  • The Shack

    1.19 miles

  • LongHorn Steakhouse

    1.22 miles

  • New London High School Multi-Magnet Campus

    0.12 miles

  • Clark Lane Middle School

    0.67 miles

  • Bennie Dover Jackson Multi-Magnet Middle School Campus

    0.89 miles

  • C.B. Jennings International Elementary Magnet School

    1.02 miles

  • Regional Multicultural Magnet School

    1.26 miles

  • Winthrop STEM Elementary Magnet School

    1.38 miles

  • Interdistrict School for Arts and Communication

    1.39 miles

  • Saint Josephs School

    1.41 miles

  • The Friendship School

    1.42 miles

  • Waterford High School

    1.44 miles

  • New London Childcare and Preschool Center

    0.94 miles

  • Connecticut College Child Development Lab School

    1.62 miles

  • USCGA Child Development Center

    1.84 miles

  • Children’s Learning Center at Mitchell College

    2.72 miles

  • Bright & Early

    4.42 miles

  • Groton Childcare and Preschool Center

    5.26 miles

  • Ballestrini's Daycare

    6.04 miles

  • Precious Memories Place

    8.48 miles

Frequently Asked Questions

How much does 15 Chester Street cost?

The space currently listed for sale at 15 Chester Street asks for $950,000.

What is the total square footage of 15 Chester Street?

15 Chester Street totals 3,840 square feet.

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Contact Listing Broker
broker

Northeast Private Client Group

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