119 Lincoln Avenue
New London, Connecticut 06320
- Beds
- 6
- Baths
- 6
- SqFt
- 4,134
- Acres
- 0.30
- Year Built
- 1975
- Property Type
- 5+ 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
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
Active Listings
14
8 under contract
Median List Price
$600,000
14 active listings
Median Closed Price
$367,500
47 sales
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
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Sep 3, 2026per 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
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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 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.