198 Montauk Avenue
New London, CT, 06320 $ 685,000
Bedrooms5 Baths3.0 Sq 2,369 Monthly Estimate*
$ 4,274
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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FeaturesGeneralZoning 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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InteriorCooling 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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ExteriorWater Source Public Water Connected
Lot Description Level Lot Water View
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* Excluded FeaturesList ByFerdinand GiacintoListing Agent
fjgiacinto@gmail.comEmail
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in New London, CT
Average List Price $440,169
Percent of Sale Price 36%
About New London, CT 26,654 Population
4% Since 2002
$ 37,286 Median Income
33.25 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
3092524 Elementary School
1232933 Middle School
Per Board of Ed High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/2/2026 | $685,000 | | Listed Price |