40 Portland Avenue
Old Lyme, Connecticut 06371
- Beds
- 7
- Baths
- 3
- SqFt
- 2,225
- Acres
- 0.12
- Year Built
- 1930
- Neighborhood
- Sound View
- Property Type
- 2 Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
Unique Beach property! 40 Portland Avenue, Old Lyme Beach Community. Love the Beach but not the travel to get to it . Here we have 2 separate homes on 1 lot and the main Beach home also has an in-law unit connected. Recently renovated and freshly painted. Home has many possibilities for use whether is a family home or an investment for Academic renting. It is year round living. Beach rights and just a couple of minutes with a casual stroll to the beach. Main Beach house home is 3 beds, 1 bath, In-law 1-2 bedroom, 1 bath and the Cottage is 2 bedroom, 1 bath.
Key Facts
- City/Town
- Old Lyme
- Neighborhood
- Sound View
- Property / Style
- Multi-Family · Other
- Year Built
- 1930
- Days on Market
- 0 days
- Beds
- 7
- Baths
- 3 full
- Living Area
- 2,225 sq ft
- Lot Size
- 0.12 acres
- Garage / Parking
- 5 total
- Property Taxes
- $7,076 / Annually
Market Snapshot
The Old Lyme Market
Multi-Family · trailing 12 months
Active Listings
2
Old Lyme inventory
Median List Price
$719,450
2 active listings
Median Closed Price
$710,000
1 sale
Median Days on Market
11
2 active listings
Median $ / Sq Ft
$513
2 active listings
Sale-to-List Ratio
114.5%
1 sale
How this home compares
List Price
$799,000
vs $719,450 median
11.1% above median
Price / Sq Ft
$359
vs $513 median
30.0% below median
Days on Market
0 days
vs 11 days median
11 days fresher than median
Based on 2 active and 1 closed sales (trailing 12 mo) of multi-family in Old Lyme. Source: SmartMLS · As of August 20, 2026.
Location
40 Portland Avenue, Old Lyme, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Aug 13, 2026per month
- Principal & Interest$4,112
- Property Taxes$590
- Insurance$266
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Old Lyme
- Neighborhood
- Sound View
- County
- New London
Residence
- Property Type
- Multi-Family
- Subtype
- Duplex
- Style
- Other
- Year Built
- 1930
- New Construction
- No/Resale
- Living Area
- 2,225 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Baseboard
- Heat Fuel
- Electric
- Cooling
- None
- Laundry
- Washer/Dryer All Units
- Laundry Location
- At main level
- Basement
- Crawl Space
Exterior & Lot
- Lot Size
- 0.12 acres
- Zoning
- R-10
- Garage / Parking
- 5 total parking spacesOff Street ParkingDrivewayUnpavedAsphaltCrushed Stone
- Waterfront Details
- Access
- Water Source
- Private Well
- Sewer
- Septic
- Construction
- Vinyl Siding
- Color
- Grey
- Roof
- Asphalt Shingle
- Foundation
- Masonry
- Lot Description
- Level Lot
Listing & Financials
- Property Taxes
- $7,076 / Annually
- Days on Market
- 0
- MLS #
- 24200781
- MLS Status
- Active
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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 8/20/2026. 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 8/20/2026 at 7:25 PM UTC.