198 Montauk Avenue, New London, CT 06320 (MLS # 24146139)

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PRICE $685,000 dsIDX morgage calculator
BEDS 5
BATHS 3
HOME SIZE 2,369 sqft
LOT SIZE 7,406 sqft

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.

DAYS ON MARKET 1 LAST UPDATED 1/2/2026
YEAR BUILT 1890 COUNTY New London
STATUS Active PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Per Board of Ed
High School Per Board of Ed


ADDITIONAL DETAILS
AIR None
APPLIANCES Electric Water Heater
BASEMENT Concrete, Full, Storage Space, Walk-Out Access, Yes
CONSTRUCTION Frame, Vinyl Siding
EXTERIOR Balcony
HEAT Baseboard, Electric
LOT 7405 sq ft
LOT DESCRIPTION Level
PARKING Unassigned, None, Paved, Parking Lot
SEWER Public Sewer
STYLE Units on different Floors
TAXES 6047
VIEW Yes
VIEW DESCRIPTION Water
WATER Public
ZONING R-2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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