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68-70 Black Point Road, East Lyme CT 06357

Current Price: $3,895,000

14 beds 10 baths 5907 sq. ft

Last Update: 6/21/2025

Property Type: Multi-Family For Sale

Public Remarks

Multi-Family Property in a highly sought after year round beach community! Investors take note! Property Highlights: Prime Location: Walking distance to multiple public beaches, one of Connecticuts oldest bakeries, public boardwalks and parks, top-rated pizza shops, ice cream shops, restaurants and even a live theater making this a perfect location for renters and vacationers alike. 11 Units: The largest multi-family available for sale on the South Eastern CT Shoreline. 2.27 Acres: Room for expansion, additional amenities or boutique resort style development. Cash Flow & Appreciation: This property is located in a quickly appreciating classic New England coastal town with high long term, medium term and short term rental demand. Located close to Millstone, Electric Boat, Pfizer and Camp Nett demand is sure to stay high! Whether you are looking to develop a thriving Airbnb portfolio or capitalize on the high demand for long term rentals in this area this property is an great investment opportunity.

Map to Property at 68-70 Black Point Road, East Lyme CT 06357


Coming Westward from Rope Ferry Rd. take a left onto Black Point Rd. and property is 0.3mi in on your left.

Residential Property Information for 68-70 Black Point Road, East Lyme CT 06357

MLS #: 24077288

Style: Other

Color:

Total Rooms:

Bedrooms: 14

Bathrooms: 10

Acres: 2.27

Year Built: 1950 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $12,908

Zoning: R40

Mil Rate:

Assessed Value: $489,860 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 5907; below grade sq feet total is ; total sq ft is 5907

Features
Basement Desc.: Full
Exterior Siding: Vinyl Siding
Foundation: Concrete,Slab
Roof: Asphalt Shingle
Garage/Parking Type: None
Swimming Pool: 0
Waterfront Feat.: Walk to Water
Lot Description: Secluded,Lightly Wooded,Level Lot
Occupied: Tenant
Utility Information

Hot Water System

Heat Type:

Fueled By: Baseboard.

Cooling: Window Unit

Fuel Tank Location: In Basement

Water Service: Public Water Connected

Sewage System: Septic

School Information

Elementary: Lillie B. Haynes

Intermediate:

Middle:

High School: East Lyme

Marketing History

Current List Price: $3,895,000

Original List Price: $4,200,000

DOM: 113

Listing Date: 2/28/2025

Last Updated: 4/28/2025 11:33:22 AM

Listing Agent and Broker

List Agent Name: Adam Velez

List Office Name: eXp Realty