19 Pearl Street
Groton, Connecticut 06340
- Beds
- 6
- Baths
- 5 | 1
- SqFt
- 3,791
- Acres
- 0.22
- Year Built
- 1844
- Neighborhood
- Mystic
- Property Type
- 4 Family
Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
Historic Downtown Mystic Well Maintained 4 Family Home. This exceptional income-producing property featuring 2 legally approved Airbnb units (town of Groton) with private parking-offering generous revenue potential. 100 percent Occupied with one year lease. This special property features two covered porches and valuable off-street parking, just steps from Mystic's renowned shops, acclaimed restaurants, the iconic Bascule Bridge, sailing, kayaking, and year-round waterfront activities. The building offers three one-bedroom, one-bath apartments plus a second floor spacious three-bedroom, 2.5-bath residence, ideal for owner occupancy, long-term rental, or continued short-term use. A proven and lucrative Annual and VRBO rental history enhances its investment appeal. An outstanding opportunity in one of Connecticut's most sought-after coastal destinations-perfect for investors, second-home buyers, or those seeking to live in downtown Mystic while generating income. Very well maintained. Shared Laundry in Basement. Excellent Location and Value!
Key Facts
- City/Town
- Groton
- Neighborhood
- Mystic
- Property / Style
- Multi-Family · Other
- Year Built
- 1844
- Days on Market
- 18 days
- Beds
- 6
- Baths
- 5 full · 1 half
- Living Area
- 3,791 sq ft
- Lot Size
- 0.22 acres
- Garage / Parking
- 5 total
- Property Taxes
- $14,291 / 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
$1.50M
vs $525,000 median
2.8× the median
Price / Sq Ft
$394
vs $218 median
80.7% above median
Days on Market
18 days
vs 5 days median
13 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
19 Pearl Street, Groton, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Jul 23, 2026per month
- Principal & Interest$7,623
- Property Taxes$1,191
- Insurance$498
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Groton
- Neighborhood
- Mystic
- County
- New London
Residence
- Property Type
- Multi-Family
- Subtype
- Quadruplex
- Style
- Other
- Year Built
- 1844
- New Construction
- No/Resale
- Living Area
- 3,791 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Fitch Senior
Interior
- Heating
- BaseboardHot Water
- Heat Fuel
- Oil
- Cooling
- Wall Unit
- Laundry
- Coin Op LaundryCommon Laundry Area
- Laundry Location
- In Basement
- Basement
- FullUnfinishedFull With Walk-Out
Exterior & Lot
- Lot Size
- 0.22 acres
- Zoning
- R-7
- Garage / Parking
- 5 total parking spacesParking LotOff Street ParkingDrivewayPrivateCrushed Stone
- Waterfront Details
- Walk to WaterWater Community
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Flood Zone
- Yes
- Construction
- ClapboardCedarWood
- Color
- Yellow and White
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Exterior Features
- Sidewalk
- Lot Description
- Level LotHistoric District
Listing & Financials
- Property Taxes
- $14,291 / Annually
- Days on Market
- 18
- MLS #
- 24190392
- MLS Status
- Under Contract
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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 5:20 AM UTC.