144 Montauk Avenue
New London, Connecticut 06320
- Beds
- 8
- Baths
- 4
- SqFt
- 3,309
- Acres
- 0.11
- Year Built
- 1920
- Property Type
- 4 Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
* NEW ROOF ** This turnkey 4-unit multi family in New London offers immediate cash flow with room to grow. The property features four SEPARATE metered units plus a full unfinished basement for extra storage and mechanical space. Recent updates include a new roof and vinyl replacement windows. Tenants pay their own heat and electric, and the owner's only utility responsibility is water, sewer, and roughly $40 a month toward 2 gas stoves, keeping operating expenses lean. Set on a low maintenance 0.11 acre lot in a walkable New London neighborhood just minutes to Ocean Beach Park and Harkness Memorial State Park, this location keeps units easy to rent and easy to hold. Don't miss this opportunity to add a solid income producing asset to your portfolio.
Key Facts
- City/Town
- New London
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units on different Floors,Units are Side-by-Side
- Year Built
- 1920
- Days on Market
- 0 days
- Beds
- 8
- Baths
- 4 full
- Living Area
- 3,309 sq ft
- Lot Size
- 0.11 acres
- Garage / Parking
- 2 total
- Property Taxes
- $4,827 / Annually
Market Snapshot
The New London Market
Multi-Family · trailing 12 months
Active Listings
11
9 under contract
Median List Price
$499,900
11 active listings
Median Closed Price
$373,750
50 sales
Median Days on Market
17
11 active listings
Median $ / Sq Ft
$196
11 active listings
Sale-to-List Ratio
100.0%
50 sales
How this home compares
List Price
$650,000
vs $499,900 median
30.0% above median
Price / Sq Ft
$196
vs $196 median
In line with median
Days on Market
0 days
vs 17 days median
17 days fresher than median
Based on 11 active and 50 closed sales (trailing 12 mo) of multi-family in New London. Source: SmartMLS · As of August 22, 2026.
Location
144 Montauk Avenue, New London, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Aug 20, 2026per month
- Principal & Interest$3,338
- Property Taxes$402
- Insurance$217
- 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
- Quadruplex
- Style
- Units on different Floors,Units are Side-by-Side
- Year Built
- 1920
- New Construction
- No/Resale
- Living Area
- 3,309 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Steam
- Heat Fuel
- ElectricNatural GasOil
- Cooling
- Wall Unit
- Basement
- Full
Exterior & Lot
- Lot Size
- 0.11 acres
- Zoning
- R-2
- Garage / Parking
- 2 total parking spacesPavedDrivewayPrivate
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Other
- Color
- Blue
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Exterior Features
- Deck
- Lot Description
- N/A
Listing & Financials
- Property Taxes
- $4,827 / Annually
- Days on Market
- 0
- MLS #
- 24195267
- MLS Status
- Active
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 8/22/2026. 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 8/22/2026 at 3:25 PM UTC.