59 School Street
Groton, Connecticut 06340
- Beds
- 3
- Baths
- 3
- SqFt
- 2,069
- Acres
- 0.26
- Year Built
- 1851
- Neighborhood
- Groton Heights
- Property Type
- 3 Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
Opportunity awaits in the heart of Groton City's historic Groton Bank neighborhood! This three-family property is filled with timeless charm, featuring high ceilings, original character, and seasonal water views of the Thames River. Rich in architectural character, this property presents an excellent opportunity for investors or owner-occupants looking to restore and add value. Significant improvements include a new roof (2022), updated boiler (2025), and electrical updates completed after the current owner purchased the property. Conveniently located just minutes from Electric Boat, Pfizer, the Submarine Base, downtown Groton, shopping, dining, parks, and other local amenities. Bring your vision and restore this character-filled property, preserving its historic charm while creating an outstanding investment or owner-occupied opportunity in a desirable location. Home is being sold as-is and may not qualify for all types of financing.
Key Facts
- City/Town
- Groton
- Neighborhood
- Groton Heights
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1851
- Days on Market
- 25 days
- Beds
- 3
- Baths
- 3 full
- Living Area
- 2,069 sq ft
- Lot Size
- 0.26 acres
- Garage / Parking
- 2 total
- Property Taxes
- $4,999 / Annually
Market Snapshot
The Groton Market
Multi-Family · trailing 12 months
Active Listings
3
6 under contract
Median List Price
$525,000
3 active listings
Median Closed Price
$447,500
16 sales
Median Days on Market
5
3 active listings
Median $ / Sq Ft
$218
3 active listings
Sale-to-List Ratio
102.2%
16 sales
How this home compares
List Price
$440,000
vs $525,000 median
16.2% below median
Price / Sq Ft
$213
vs $218 median
In line with median
Days on Market
25 days
vs 5 days median
20 days longer than median
Based on 3 active and 16 closed sales (trailing 12 mo) of multi-family in Groton. Source: SmartMLS · As of July 28, 2026.
Location
59 School Street, Groton, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$2,243
- Property Taxes$417
- Insurance$147
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Groton
- Neighborhood
- Groton Heights
- County
- New London
Residence
- Property Type
- Multi-Family
- Subtype
- 3 Family
- Style
- Units on different Floors
- Year Built
- 1851
- New Construction
- No/Resale
- Living Area
- 2,069 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Fitch Senior
Interior
- Heating
- Steam
- Heat Fuel
- Oil
- Cooling
- None
- Laundry
- Basement Hook-Up(s)
- Basement
- FullFull With Hatchway
Exterior & Lot
- Lot Size
- 0.26 acres
- Zoning
- R52
- Garage / Parking
- 2 total parking spacesPavedOff Street ParkingDrivewayAsphalt
- Waterfront Details
- Beach Rights
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Flood Zone
- No
- Construction
- Asbestos
- Color
- Grey
- Roof
- Asphalt Shingle
- Foundation
- MasonryStone
- Exterior Features
- Porch
- Lot Description
- Sloping LotHistoric DistrictWater View
Listing & Financials
- Property Taxes
- $4,999 / Annually
- Days on Market
- 25
- MLS #
- 24188774
- MLS Status
- Under Contract
Similar Properties
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided 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 or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 7/28/2026 at 6:05 AM UTC.