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.
For sale
$389,000
42 Spring Street, New London, CT 06320
4beds
1,760sqft
Est.:
Multi Family
Built in 1906
-- sqft lot
$386,100 Zestimate®
$221/sqft
$-- HOA
What's special
Generous living spaceUpdated kitchen and bathUpdated windows and sidingSpacious eat-in kitchenKitchen upgradesBright one-bedroom layoutFilled with natural light
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Zillow last checked: 8 hours ago
Listing updated: January 29, 2026 at 12:07pm
Listed by:
Angela Espinoza (860)250-5794,
CT Homes Real Estate 860-250-5794
Source: Smart MLS,MLS#: 24151496
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Hot Water, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater, Water Heater
- Laundry: In Unit
Features
- Basement: Full,Unfinished
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 1,760
- Total interior livable area: 1,760 sqft
- Finished area above ground: 1,760
Property
Parking
- Total spaces: 5
- Parking features: Detached, Paved, Off Street, Driveway
- Garage spaces: 1
- Has uncovered spaces: Yes
Lot
- Size: 4,791.6 Square Feet
Details
- Parcel number: 1999467
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Vinyl Siding, Asbestos
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1906
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Public Rec Facilities, Near Public Transport
HOA
- Has HOA: No
Location
- Region: New London
Financial & listing details
- Price per square foot: $221/sqft
- Tax assessed value: $122,800
- Annual tax amount: $3,340
- Date on market: 1/29/2026
Estimated market value
$386,100
$367,000 - $405,000
$1,713/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/29/2026 | Listed for sale | $389,000+76.8%$221/sqft |
Source: | ||
| 6/17/2025 | Sold | $220,000-15.1%$125/sqft |
Source: | ||
| 6/2/2025 | Pending sale | $259,000$147/sqft |
Source: | ||
| 5/16/2025 | Listed for sale | $259,000+99.2%$147/sqft |
Source: | ||
| 10/30/2003 | Sold | $130,000$74/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,340 -1.1% | $122,800 |
| 2024 | $3,377 +8.9% | $122,800 +47.4% |
| 2023 | $3,102 -0.2% | $83,300 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,561/mo
Principal & interest
$1887
Property taxes
$538
Home insurance
$136
Climate risks
Neighborhood: 06320
Nearby schools
GreatSchools rating
- 3/10C.B. Jennings International Elementary MagnetGrades: K-5Distance: 0.5 mi
- 3/10Bennie Dover Jackson Middle SchoolGrades: 6-8Distance: 0.6 mi
- 4/10New London Visual and Performing Arts Magnet SchoolGrades: 6-12Distance: 0.6 mi
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