The Lodge on Benham 148 Benham Rd 24 Unit Apartment Building $1,649,000 ($68,708/Unit) 8.68% Cap Rate Groton, CT 06340

Rare opportunity to own a fully furnished rooming house at 148 Benham Rd in Groton, offering strong in-place cash flow and significant upside. This property features a mix of short- and long-term leases (6–12 months), making it an ideal turnkey investment for both new and experienced operators. With all utilities included—heat, hot water, electricity, cable, and internet—management is streamlined, while the furnished rooms (each with a bed and mini-fridge) attract consistent demand.
Positioned just minutes from major employers including Pfizer’s R&D campus, General Dynamics Electric Boat, the Naval Submarine Base, and other large-scale defense and biotech firms, the property benefits from a stable, high-quality tenant base. Investors will appreciate the reliable income, low vacancy, and scalable model. Whether you’re looking to expand your portfolio or secure a high-performing asset in one of Connecticut’s strongest rental corridors, 148 Benham Rd presents a unique value-add opportunity with a proven track record and room to grow.