12 Bank Street, Groton, Connecticut

$699,000

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3

Beds

3

Baths

1,995

Square feet

0.19

Acres

About 12 Bank Street

Located just one block from the heart of downtown Mystic, 12 Bank Street offers a rare opportunity to own a versatile property in one of the Connecticut shoreline's most iconic destinations. Set within walking distance to the waterfront, shops, restaurants, and Mystic Seaport, the location alone sets this property apart. Configured as a legal two-family but currently utilized as a three-unit income-producing property, the layout offers flexibility for investors and end users alike. The main level features the largest living space, highlighted by vaulted ceilings, abundant natural light, and access to a spacious deck overlooking downtown Mystic. A partially finished basement below has previously served as office space, adding further utility. The upper level functions as an additional unit with its own kitchenette, while a separate guest cottage provides a studio-style living space complete with full kitchen and full bath-ideal for extended stays, rental income, or private guest accommodations. In total, the property offers three bedrooms, three full baths, multiple outdoor decks, and a yard space-all designed to take full advantage of the surrounding views and vibrant setting. Whether maintained as a high-demand investment property or converted back into a stunning single-family retreat, this is a unique opportunity in a truly magical location-steps to everything that makes Mystic one of the most desirable coastal towns in Connecticut.

Features of 12 Bank Street

MLS® # 24171014
Price $699,000
Bedrooms 3
Bathrooms 3.00
Full Baths 3
Square Footage 1,995
Acres 0.19
Type Multi-Family For Sale
Sub-Type 2 Family
Style Units on different Floors, Units are Side-by-Side
Status Under Contract

Community Information

Address 12 Bank Street
Area Mystic
City Groton
County New London
State Connecticut
Zip Code 06355

Amenities

Is Waterfront No
Waterfront Walk to Water
Has Pool No

Interior

Heating Baseboard, Electric, Oil
Cooling Central Air
Fireplace No
Has Basement Yes
Basement Full, Storage, Partially Finished, Walk-out, Liveable Space

Exterior

Exterior Clapboard
Exterior Features Sidewalk, Porch, Deck
Lot Description Level Lot, Historic District
Roof Asphalt Shingle
Foundation Brick, Stone

School Information

Elementary Per Board of Ed
Middle Per Board of Ed
High Fitch Senior

Additional Information

Date Listed May 1st, 2026
Days on Market 7
Zoning R-7
RE / Bank Owned No

Listing Details

OfficeHoulihan Lawrence

Listing Map

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Listing information last updated on September 9th, 2026 at 10:41pm EDT.