Data Source Brokerage:

    Continental Real Estate Group, Inc

    224 Shore Rd, Old Lyme, CT 06371

    $1,250,000

    42 days ago

    4 beds
    2 baths
    1,698 sq ft
    Built in
    The insurance cost estimate for this property is missing or deemed unreliable. As a result, the calculated metrics are incomplete. Simply enter your own insurance cost estimate to proceed with your analysis.

    Purchase price

    Down payment

    Estimated rent

    About this property

    Investment Opportunity! Multi use property. Approved Permit for Storage Units. The "holy grail" of passive income! Property includes a Multi family house with 2 rental units in place and monthly income of approx $3400/ month. Back portion of lot permitted for up to 14,000 Sq Ft of storage units...

    Days on market

    42

    Property type

    Duplex

    Price per square foot

    $736

    Lot size

    74,052 sq ft

    HOA fees

    -

    Neighborhood score

    5 / 5

    School score

    7.7 / 10

    Crime score

    1 / 10

    MLS Logo

    Listed By: Jodi Serapilia, RES.0809328

    Source: SmartMLS, #24125637, last updated on 10/7/2025

    Zillow listing
    Google maps

    Neighborhood

    7 / 10

    Mile Creek School

    8 / 10

    Lyme-Old Lyme Middle School

    8 / 10

    Lyme-Old Lyme High School

    Provided by

    Rent comps

    Comparable rent properties
    Address
    Status
    Listed rent
    Listed rent / sq ft
    Distance
    Bed
    Bath
    Sq ft
    Year built
    40 Portland Ave
    Old Lyme, CT 06371

    Active

    $3,300
    $2.19
    0.46mi
    4
    2
    1,505
    1930
    40 Portland Ave # 1
    Old Lyme, CT 06371

    Active

    $3,100
    $2.06
    0.49mi
    4
    2
    1,505
    1930
    33 Billow Rd
    Old Lyme, CT 06371

    Closed

    $3,250
    $2.14
    0.85mi
    4
    2
    1,516
    1933

    Sale comps

    Comparable sale properties
    Address
    Status
    Price
    Price / sq ft
    Distance
    Bed
    Bath
    Sq ft
    Year built
    1 Beechwood Ln
    Old Lyme, CT 06371

    Active

    $450,000
    $294.50
    0.15mi
    4
    2
    1,528
    1970
    100 W End Dr
    Old Lyme, CT 06371

    Closed

    $1,500,000
    $962.77
    0.61mi
    4
    2
    1,558
    1937
    8 BRIAR HILL DR
    OLD LYME, CT 06371

    Closed

    $540,000
    $290.01
    1.17mi
    4
    2.1
    1,862
    1977