88 Riverview Avenue
New London, Connecticut 06320
- Beds
- 6
- Baths
- 4 | 1
- SqFt
- 3,168
- Acres
- 0.23
- Year Built
- 1900
- Property Type
- 4 Family

Matt Caiola
Luxury Real Estate Advisor
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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
Active Listings
10
13 under contract
Median List Price
$720,000
10 active listings
Median Closed Price
$367,500
47 sales
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
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Sep 17, 2026per 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.
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.