198 Montauk Avenue New London, CT $ 685,000
198 Montauk Avenue
$ 685,000
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198 Montauk Avenue

New London, CT, 06320
$ 685,000
Bedrooms5 Baths3.0 Sq 2,369

Monthly Estimate*

$ 4,274

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Multi-Family Home for sale in New London, CT

for $685,000 with 5 bedrooms and 3 full baths. This 2,369 square foot home was built in 1890 on a lot size of 0.17.

Turnkey Investment Opportunity. Here is a Fully Renovated Three-Family turn-key triple-income asset in a bustling and high growth area with thriving local commerce. This property has been completely reimagined with quality updates and finishes, offering a seamless blend of income and nothing further to do with long-term financial stability. Renovations include Brand New Kitchens & Baths, Updated Mechanicals across all three units with plenty of off-street parking and laundry facilities on premise. This investment is optimized for favorable market rents with separate utilities to keep overhead low. Low Maintenance because it's been modernized from top to bottom, minimizing future capital expenditures. Prime Location, Minutes from Electric Boat Sub Base and other major employers to ensure it will always be occupied. This location is also convenient to Great Restaurants, Shops, Theater, Library, Music Venues, Fitness Training, Health Care and Much More. Step into this immediate Cash Flow Opportunity. This location is convenient to Great Restaurants, Shops, Theater, Library, Music Venues, Fitness Training, Health Care and Much More. This Location is also Walkable and/or a Short Ride to other Restaurants, Shopping, Healthcare, Entertainment, Major Employers, Beaches, Boating, Schools, and much more. It is Conveniently Located 5 Minutes to Groton, 15 minutes to Niantic, 20 minutes to Mystic, 30 minutes to the Rhode Island border, and about an hour to Hartford. New London's central CT shoreline location is Midway between New York and Boston, offering easy access to Land, Rail, and Sea transportation, and less than an hour to Major Airports. Step into this immediate Cash Flow Opportunity.

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Multi-Family Active

Price

$ 685,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 6,047

Style

Lot Size

0.17

Year Built

1890

Town/City

New London

MLS | Web ID

24146139

Features
General
Zoning R-2
Neighborhood N/A
County New London
Tax Year July 2025-June 2026
Property Type Multi-Family For Sale
Status Active
Acres 0.17
Directions Willets to Montauk
High School Per Board of Ed
City New London
Elementary School Per Board of Ed
Sq Ft Total 2369
DOM 0
Year Built 1890
Style Units on different Floors
Year Built Source Public Records
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Interior
Cooling System None
Total Number of Units 3
Total Rooms 14
Basement Description Full Heated Storage Concrete Floor Full With Walk-Out
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Exterior
Water Source Public Water Connected
Lot Description Level Lot Water View
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* Excluded Features
List By
Ferdinand Giacinto

Listing Agent

Re/Max On The Bay

Broker

fjgiacinto@gmail.com

Email

Affordability Calculator

$4,777
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,274
Monthly Property Taxes
$504
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3092524 Elementary School
1232933 Middle School
Per Board of Ed High School High School
Pricing History
DatePricePrice ChangeDescription
1/2/2026$685,000 Listed Price

Map


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198 Montauk Avenue, New London, CT, 06320 is a Multi-Family Home for sale at $685,000 with 2,369 sqft and a lot size of 0.17. 198 Montauk Avenue has 5 bedrooms, 3.0 baths, and was built in 1890. The property's zip code is 06320 which is in New London, CT