190 Montauk Avenue
New London, CT, 06320 $ 655,000
Bedrooms5 Baths3.0 Sq 3,018 Monthly Estimate*
$ 4,033
for $655,000 with 5 bedrooms and 3 full baths. This 3,018 square foot home was built in 1897 on a lot size of 0.21.
Turnkey, Well-maintained, Nicely Updated, three-unit multifamily offering. Here is an Income Producing property with favorable rental income and long-term stability in a proven rental market. New London's high-demand rental market is supported by major local employers and Navy Personnel needs including Electric Boat, Mitchell College, Connecticut College, Lawrence + Memorial Hospital, and the nearby Naval Submarine Base New London. This investment provides favorable market rents with potential for Value-Add opportunities. The properties systems and layouts support continued operation with No Need for immediate improvements, making this an excellent option for investors seeking a straightforward, income-producing asset. Prime Location, Minutes from Electric Boat, Sub Base, and other major employers ensuring optimal prospects for always be occupied. This location is convenient to Great Restaurants, Shops, Theater, Library, Music Venues, Fitness Training, Health Care and Much More. Walkable and/or a Short Ride to other Restaurants, Shopping, Healthcare, Entertainment, Major Employers, Beaches, Boating, Schools, Casinos, and much more. It is Conveniently Situated 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.
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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 Under Contract - Continue to Show
Acres 0.21
Directions Willets Ave to Montauk
High School Per Board of Ed
City New London
Elementary School Per Board of Ed
Sq Ft Total 3018
DOM 43
Year Built 1897
Style Units on different Floors
Year Built Source Public Records
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InteriorCooling System Ceiling Fans
Total Number of Units 3
Total Rooms 15
Basement Description Full
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ExteriorWater Source Public Water Connected
Lot Description Secluded Corner Lot Treed Level Lot Water View
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* Excluded FeaturesList ByFerdinand GiacintoListing Agent
fjgiacinto@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,033
- Monthly Property Taxes
- $484
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 $471,713
Percent of Sale Price 28%
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 |
|---|
| 1/3/2026 | $655,000 | | Listed Price |