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119 Lincoln Avenue

New London, Connecticut 06320

ACTIVE - NEW$949,900
Beds
6
Baths
6
SqFt
4,134
Acres
0.30
Year Built
1975
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
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About This Home

What if your next investment started generating income on day one? Welcome to 119-121 Lincoln Avenue, a turnkey six-unit property offering immediate income without the burden of renovations or establishing occupancy. All six one-bedroom units have been renovated and are fully occupied, allowing the next owner to step into an established, income-producing asset from day one. Each unit includes a dedicated off-street parking space, while tenants also enjoy access to a shared deck and spacious backyard. Conveniently located near Electric Boat, the Naval Submarine Base, casinos, hospitals, and other major regional employers, the property is well positioned within New London's growing rental market. The work has been completed, the tenants are in place, and the income is already flowing. Current gross annual income and operating expenses are available upon request. Six renovated units. One turnkey investment. A compelling opportunity in thriving New London, Connecticut.

Key Facts

City/Town
New London
Neighborhood
N/A
Property / Style
Multi-Family · Other
Year Built
1975
Days on Market
0 days
Beds
6
Baths
6 full
Living Area
4,134 sq ft
Lot Size
0.30 acres
Garage / Parking
6 total
Property Taxes
$7,593 / Annually

Market Snapshot

The New London Market

Multi-Family · trailing 12 months

Median Days on Market

23

14 active listings

Median $ / Sq Ft

$197

14 active listings

Sale-to-List Ratio

101.1%

47 sales

How this home compares

List Price

$949,900

vs $600,000 median

58.3% above median

Price / Sq Ft

$230

vs $197 median

16.8% above median

Days on Market

0 days

vs 23 days median

23 days fresher than median

Based on 14 active and 47 closed sales (trailing 12 mo) of multi-family in New London. Source: SmartMLS · As of September 8, 2026.

Location

119 Lincoln Avenue, New London, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$5,859

per month

  • Principal & Interest$4,909
  • Property Taxes$633
  • Insurance$317
  • 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
5 Family+
Style
Other
Year Built
1975
New Construction
No/Resale
Living Area
4,134 sq ft

Schools

Elementary
Per Board of Ed
High
New London

Interior

Heating
BaseboardHot Water
Heat Fuel
Oil
Cooling
Window Unit
Laundry
None
Basement
None

Exterior & Lot

Lot Size
0.30 acres
Zoning
R-2
Garage / Parking
6 total parking spacesOff Street Parking
Waterfront Details
Not Applicable
Water Source
Public Water Connected
Sewer
Public Sewer Connected
Construction
Other
Color
Blue
Roof
Asphalt Shingle
Foundation
ConcreteSlab
Exterior Features
DeckLighting
Lot Description
Corner LotLevel Lot

Listing & Financials

Property Taxes
$7,593 / Annually
Days on Market
0
MLS #
24203018
MLS Status
Active

Similar Properties

Homes with a close match in area, property type, and price.

Listed By

Valerie Levin

(860) 980-1278

CENTURY 21 Shutters & Sails

(860) 331-1510

This information is believed to be accurate, but without warranty.

The IDX display contains information sourced from SmartMLS, Inc. as of 9/8/2026. 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 9/8/2026 at 12:50 AM UTC.