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Size: 0.69 Acres
Home: 4 beds - 2 full baths - 1 half bath - 2,236 Sq Ft

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MULTI_FAMILY - Old Saybrook, CT

Commercial Mixed Use, cross-posted on MLS alternative # 24149460. 7.06 CAP r a t e ~ Prime mixed-use investment property offered at $850,000 along the high-visibility Route 1 corridor. The asset consists of three total units of office/retail space with direct road frontage and two residential apartments privately situated in the rear. Trusted General Contractor currently rents the rear yard space at $1,000/month. Projected gross income totals $90,000/year. Incorporating a 10 p e r c e n t vacancy & repairs reserve, the stabilized effective gross income is $81,000/year. Operating expenses total $20,945/year (real estate taxes: $5,896 | insurance: $5,879 | electric: $4,600 | oil: $1,350 | propane: $1,620 | snow removal/water/septic: $1,600), resulting in a net operating income (NOI) of $60,055/year. At the asking price of $850,000, the asset delivers a 7.06 CAP r a t e, with long-term valu...

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Source:First Street

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Source: ListHub, MLS# 24149701
Listing status: Active
Listing last updated: February 8, 2026 at 7:36 AM
Listing last checked: February 9, 2026 at 9:30 PM
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