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88 Riverview Avenue

New London, Connecticut 06320

ACTIVE - NEW$725,000
Beds
6
Baths
4 | 1
SqFt
3,168
Acres
0.23
Year Built
1900
Matt Caiola

Matt Caiola

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MCMATT CAIOLALUXURY PROPERTIES
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About This Home

Turn-key 4-family investment opportunity with all four units currently occupied by clean, established, paying tenants. This property has been well maintained and offers an investor the opportunity to step into an income-producing property from day one. Situated on a beautiful corner lot and conveniently located near Electric Boat, the Naval Submarine Base, Lawrence + Memorial Hospital, shopping, highways, and other major area employers, this is a location that continues to benefit from strong rental demand. Tenants pay their own heat, hot water, and electricity, helping keep owner expenses down. On-site coin-operated laundry provides an additional source of income. With all four units rented and major employers nearby, this property offers a solid opportunity for an investor looking to add an established multi-family to their portfolio. Conveniently situated 15 minutes from Niantic and the Groton, 25 minutes from Mystic, and 40 minutes from Hartford and the Rhode Island border. New London's central CT shoreline location is Midway between New York and Boston, offering easy access to Land, Rail, and Water transportation, and less than an hour to Major Airports.

Key Facts

City/Town
New London
Neighborhood
N/A
Property / Style
Multi-Family · Units on different Floors
Year Built
1900
Days on Market
0 days
Beds
6
Baths
4 full · 1 half
Living Area
3,168 sq ft
Lot Size
0.23 acres
Property Taxes
$5,358 / Annually

Market Snapshot

The New London Market

Multi-Family · trailing 12 months

Median Days on Market

35

10 active listings

Median $ / Sq Ft

$212

10 active listings

Sale-to-List Ratio

101.4%

47 sales

How this home compares

List Price

$725,000

vs $720,000 median

In line with median

Price / Sq Ft

$229

vs $212 median

8.0% above median

Days on Market

0 days

vs 35 days median

35 days fresher than median

Based on 10 active and 47 closed sales (trailing 12 mo) of multi-family in New London. Source: SmartMLS · As of September 22, 2026.

Location

88 Riverview Avenue, New London, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$4,528

per month

  • Principal & Interest$3,839
  • Property Taxes$447
  • Insurance$242
  • 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
Year Built
1900
New Construction
No/Resale
Living Area
3,168 sq ft

Schools

Elementary
Per Board of Ed
High
New London

Interior

Heating
Steam
Heat Fuel
Gas In Street
Cooling
None
Laundry
Coin Op LaundryCommon Laundry Area
Laundry Location
Shared coin washer & dryer in basement
Basement
FullUnfinishedStorageWalk-outConcrete Floor

Exterior & Lot

Lot Size
0.23 acres
Zoning
R-2
Waterfront Details
Not Applicable
Water Source
Public Water Connected
Sewer
Public Sewer Connected
Construction
Vinyl Siding
Roof
Asphalt Shingle
Foundation
MasonryStone
Lot Description
Corner LotLevel LotSloping Lot

Listing & Financials

Property Taxes
$5,358 / Annually
Days on Market
0
MLS #
24202717
MLS Status
Active

Similar Properties

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

Listed By

Ferdinand Giacinto

(860) 912-0694

RE/MAX on the Bay

(860) 739-0888

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 9/22/2026. 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 9/22/2026 at 8:55 PM UTC.