194-196 Jefferson Avenue
New London, Connecticut 06320
- Beds
- 6
- Baths
- 2
- SqFt
- 2,132
- Acres
- 0.14
- Year Built
- 1910
- Property Type
- 2 Family
Matt Caiola
Luxury Real Estate Advisor
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About This Home
Fully occupied two-family home with an additional lot offering valuable off-street parking! Both units are currently rented and occupied by tenants on a month-to-month basis, providing immediate rental income and flexibility for future ownership plans. The additional lot provides space for approximately 4-5 vehicles, a valuable feature in this area. The property was previously connected to gas and can be easily converted back to gas if desired. Conveniently located near Electric Boat, Ocean Beach, local schools, bus stops, shopping, restaurants, and major transportation routes. Great opportunity for an investor looking to add a fully occupied multi-family property to their portfolio or an owner-occupant looking to offset their housing costs with rental income. Property is being sold AS-IS. Buyer and buyer's agent are encouraged to conduct their own due diligence and inspections.
Key Facts
- City/Town
- New London
- Neighborhood
- N/A
- Property / Style
- Multi-Family · Units are Side-by-Side
- Year Built
- 1910
- Days on Market
- 0 days
- Beds
- 6
- Baths
- 2 full
- Living Area
- 2,132 sq ft
- Lot Size
- 0.14 acres
- Property Taxes
- $4,539 / Annually
Market Snapshot
The New London Market
Multi-Family · trailing 12 months
Active Listings
11
13 under contract
Median List Price
$715,000
11 active listings
Median Closed Price
$366,250
46 sales
Median Days on Market
34
11 active listings
Median $ / Sq Ft
$173
11 active listings
Sale-to-List Ratio
101.4%
46 sales
How this home compares
List Price
$399,999
vs $715,000 median
44.1% below median
Price / Sq Ft
$188
vs $173 median
8.7% above median
Days on Market
0 days
vs 34 days median
34 days fresher than median
Based on 11 active and 46 closed sales (trailing 12 mo) of multi-family in New London. Source: SmartMLS · As of October 2, 2026.
Location
194-196 Jefferson Avenue, New London, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Oct 1, 2026per month
- Principal & Interest$2,189
- Property Taxes$378
- Insurance$133
- 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
- Duplex
- Style
- Units are Side-by-Side
- Year Built
- 1910
- New Construction
- No/Resale
- Living Area
- 2,132 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- New London
Interior
- Heating
- Steam
- Heat Fuel
- Oil
- Cooling
- Window Unit
- Laundry
- Basement Hook-Up(s)
- Basement
- FullConcrete Floor
Exterior & Lot
- Lot Size
- 0.14 acres
- Zoning
- R-2
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Lot Description
- Level Lot
Listing & Financials
- Property Taxes
- $4,539 / Annually
- Days on Market
- 0
- MLS #
- 24203546
- MLS Status
- Coming Soon
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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 10/2/2026. 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 10/2/2026 at 4:11 PM UTC.