20 Reed Street
New London, Connecticut 06320
- Beds
- 5
- Baths
- 3
- SqFt
- 3,134
- Acres
- 0.14
- Year Built
- 1870
- Property Type
- 3 Family
Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
Investors take notice! This three-family apartment building is ideally located in downtown New London, offering excellent access to restaurants, shopping, medical facilities, transportation, and the city's beautiful waterfront. The property also includes a detached three-car garage and off-street parking, adding valuable convenience and potential. Bring your vision, creativity, and renovation ideas to restore this property and unlock its full potential. A great opportunity for an investor or owner-occupant seeking a well-located multi-family with room to build equity.
Key Facts
- City/Town
- New London
- Neighborhood
- N/A
- Property / Style
- Multi-Family · 3updown - Unit(s) per Floor
- Year Built
- 1870
- Days on Market
- 0 days
- Beds
- 5
- Baths
- 3 full
- Living Area
- 3,134 sq ft
- Lot Size
- 0.14 acres
- Garage / Parking
- 3 garage
- Property Taxes
- $4,927 / Annually
Market Snapshot
The New London Market
Multi-Family · trailing 12 months
Active Listings
7
10 under contract
Median List Price
$499,900
7 active listings
Median Closed Price
$380,000
53 sales
Median Days on Market
102
7 active listings
Median $ / Sq Ft
$198
7 active listings
Sale-to-List Ratio
100.0%
53 sales
How this home compares
List Price
$325,000
vs $499,900 median
35.0% below median
Price / Sq Ft
$104
vs $198 median
47.5% below median
Days on Market
0 days
vs 102 days median
102 days fresher than median
Based on 7 active and 53 closed sales (trailing 12 mo) of multi-family in New London. Source: SmartMLS · As of August 13, 2026.
Location
20 Reed Street, New London, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Aug 6, 2026per month
- Principal & Interest$1,676
- Property Taxes$411
- Insurance$108
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- New London
- Neighborhood
- N/A
- County
- New London
Residence
- Property Type
- Multi-Family
- Subtype
- 3 Family
- Style
- 3updown - Unit(s) per Floor
- Year Built
- 1870
- New Construction
- No/Resale
- Living Area
- 3,134 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Steam
- Heat Fuel
- Oil
- Cooling
- None
- Basement
- FullUnfinishedSump PumpStorageInterior Access
Exterior & Lot
- Lot Size
- 0.14 acres
- Zoning
- C-1
- Garage / Parking
- 3 garage spacesDetached Garage
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Shingle
- Roof
- Asphalt Shingle
- Foundation
- BrickStone
- Lot Description
- City ViewsSloping Lot
Listing & Financials
- Property Taxes
- $4,927 / Annually
- Days on Market
- 0
- MLS #
- 24198604
- MLS Status
- Coming Soon
Similar Properties
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 8/13/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 8/13/2026 at 2:01 AM UTC.