198 Montauk Avenue
New London, Connecticut 06320
- Beds
- 5
- Baths
- 3
- SqFt
- 2,369
- Acres
- 0.17
- Year Built
- 1890
- 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
Beatuful 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.
Key Facts
- City/Town
- New London
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units on different Floors
- Year Built
- 1890
- Days on Market
- 0 days
- Beds
- 5
- Baths
- 3 full
- Living Area
- 2,369 sq ft
- Lot Size
- 0.17 acres
- Garage / Parking
- 12 total
- Property Taxes
- $6,024 / Annually
Market Snapshot
The New London Market
Multi-Family · trailing 12 months
Active Listings
13
8 under contract
Median List Price
$550,000
13 active listings
Median Closed Price
$367,500
49 sales
Median Days on Market
16
13 active listings
Median $ / Sq Ft
$196
13 active listings
Sale-to-List Ratio
101.1%
49 sales
How this home compares
List Price
$715,000
vs $550,000 median
30.0% above median
Price / Sq Ft
$302
vs $196 median
54.1% above median
Days on Market
0 days
vs 16 days median
16 days fresher than median
Based on 13 active and 49 closed sales (trailing 12 mo) of multi-family in New London. Source: SmartMLS · As of August 29, 2026.
Location
198 Montauk Avenue, New London, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Aug 27, 2026per month
- Principal & Interest$3,676
- Property Taxes$502
- Insurance$238
- 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
- Units on different Floors
- Year Built
- 1890
- New Construction
- No/Resale
- Living Area
- 2,369 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Baseboard
- Heat Fuel
- Electric
- Cooling
- None
- Laundry
- Coin Op Laundry
- Laundry Location
- Basement
- Basement
- FullHeatedStorageConcrete FloorFull With Walk-Out
Exterior & Lot
- Lot Size
- 0.17 acres
- Zoning
- R-2
- Garage / Parking
- 12 total parking spacesPavedParking LotUnassigned Parking
- Waterfront Details
- View
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- ConcreteStone
- Exterior Features
- BalconySidewalkGuttersLighting
- Lot Description
- Level LotWater View
Listing & Financials
- Property Taxes
- $6,024 / Annually
- Days on Market
- 0
- MLS #
- 24202473
- MLS Status
- Active
Similar Properties
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Co-Listed By
Dawn Field
RE/MAX on the Bay
This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 8/29/2026. 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 8/29/2026 at 4:35 AM UTC.