Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 4-bedroom, 3-bathroom residential multi family at 1780 Boston Post Road in Old Saybrook, CT is listed for $850,000 ($380 per sqft). Built in 1912, the home offers 2,236 sqft of living space on a 0.69 acres lot.
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 value preservation and upside through future rent adjustments. Strong location, consistent cash flow, and limited supply of mixed-use product on Route 1 make this an ideal long-term hold, 1031 exchange target, or portfolio addition.
Key Features
- Built in 1912
- 0.69 acre lot
Property Details
Monthly Cost Estimate
$4,546/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1780 Boston Post Road
Old Saybrook, CT 06475
Property Details
Heating
Questions & Answers
This 4-bedroom, 3-bathroom residential multi family at 1780 Boston Post Road is listed at $850,000 ($380/sqft). The estimated monthly payment is $3,683 based on 20% down at 6.5% interest.
Key features include: Built in 1912, 0.69 acre lot.
This property is listed by Nicholas Tarquino and can be reached at 2037106157 or nick.tarquino@gmail.com.
