Skip To Content

198 Montauk Avenue

New London, CT 06320
  • $685,000
  • STATUS: Active Under Contract
  • ON SITE: 103 Days
  • MLS #: 24146139
Under Contract
UPDATED: 63 min ago
$685,000
  • 5
    BEDS
  • 0.17
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,369
    SQFT
  • $289
    $/SQFT
Type:
Multi-Family
Built:
1890
County:
Area:

School Information

Elementary School:
High School:

Description

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.

Monthly Payment Calculator



The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc. Data last updated: 2026-04-16T16:10:32.377.
www.thecthomefinder.com/homes/171695260
Print Image

198 Montauk Avenue New London, CT 06320

  • Price: $685,000
  • Status: Active Under Contract
  • On Site: 103 Days
  • Updated: 63 min ago
  • MLS #: 24146139
5
Beds
3
Baths
0
½ Baths
0.17
Acres
2,369
SQFT
$289
$/SQFT
1890
Built
County:
New London
Area:
New London
Elementary School:
per board of ed
High School:
per board of ed
Property Description
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.
Exterior Features

Direct Waterfront YN No Exterior Features BalconySidewalkGuttersLighting Exterior Siding Vinyl Siding Garage And Parking PavedParking LotUnassigned Parking Lot Description Level LotWater View Nearby Amenities Health ClubLibraryMedical FacilitiesParkPublic Rec FacilitiesPublic TransportationShopping/MallWalk to Bus Lines Parking Total Spaces 12 Roof Information Asphalt Shingle Style Units on different Floors Swimming Pool YN No Waterfront Description View

Interior Features

Attic YN No Basement Description FullHeatedStorageConcrete FloorFull With Walk-Out Cooling System None Fireplaces Total 0 Heat Type Baseboard Laundry Room Info Coin Op Laundry Laundry Room Location Basement Sq Ft Est Heated Above Grade 2369 Sq Ft Total 2369 Total Rooms 14 Total Rooms Multi Family 14

Property Features

Agent Owner YN No Bank Owned Property No Foundation Type ConcreteStone Heat Fuel Type Electric Home Owners Assocation No Hot Water Description ElectricUpright Tank New Construction Type No/Resale Potential Short Sale No Property Sub Type 3 Family Sewage System Public Sewer Connected Tax Year July 2025-June 2026 Total Number Of Units 3 Under Agreement Yn No Water Source Public Water Connected Zoning R-2

Listing information © 2026 Smart MLS
Listing provided courtesy of Ferdinand Giacinto of RE/MAX on the Bay: (860) 739-0888.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc. Data last updated: 2026-04-16T16:10:32.377.
 
https://bt-photos.global.ssl.fastly.net/ctmls/1280_boomver_1_24146139-1.jpg https://bt-photos.global.ssl.fastly.net/ctmls/1280_boomver_1_24146139-1.jpg https://bt-photos.global.ssl.fastly.net/ctmls/1280_boomver_1_24146139-1.jpg
Logo
The Higgins Group - The CT Home Finder
1499 Post Road
Fairfield CT, 06880