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159 Boston Post Rd 7 Unit Apartment Building $2,600,000 ($371,429/Unit) East Lyme, CT 06333
Executive Summary
Introducing an exceptional mixed-use commercial property in the vibrant heart of East Lyme, where contemporary design meets timeless sophistication. Newly constructed with superior craftsmanship and thoughtful attention to detail, this property offers a rare opportunity for investors, business owners, and residents alike. Designed to accommodate both commercial and residential use, the building features well-planned spaces that combine functionality, style, and long-term value. The property also offers potential for future expansion, including the possibility of adding additional residential apartments, subject to town approvals. With its prime location, quality construction, and strong growth potential, this property stands out as a stable investment opportunity and an attractive option for a 1031 exchange. Whether you are seeking a stable investment, a premier commercial location, or an elegant residential address, this East Lyme property delivers lasting appeal and exceptional potential.
Property Facts
| Price | $2,600,000 | Building Class | B |
| Price Per Unit | $371,429 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Bus/Res | ||
| Price | $2,600,000 |
| Price Per Unit | $371,429 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | Bus/Res |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Free
- Individual Locking Bedrooms
- Private Bathroom
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | ELYM-003101-000032 | Improvements Assessment | $538,650 |
| Land Assessment | $98,420 | Total Assessment | $637,070 |
Property Taxes
Parcel Number
ELYM-003101-000032
Land Assessment
$98,420
Improvements Assessment
$538,650
Total Assessment
$637,070
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159 Boston Post Rd