NOMADEReal Estate

$685,000

Active

198 Montauk Avenue

New London, Connecticut, 06320 · New London County

5

Beds

3

Baths

2,369

Sq Ft

1890

Built

MLS # 24146139

Price / Sq Ft

$289

Property Type

Multi-Family For Sale

Lot Size

0.17

Class

Property

About This Property

Turnkey Investment Opportunity. Here is a Fully Renovated Three-Family turn-key triple-income asset in a bustling and high growth area with thriving local commerce. This property has been completely reimagined with quality updates and finishes, offering a seamless blend of income and nothing further to do with long-term financial stability. Renovations include Brand New Kitchens & Baths, Updated Mechanicals across all three units with plenty of off-street parking and laundry facilities on premise. This investment is optimized for favorable market rents with separate utilities to keep overhead low. Low Maintenance because it's been modernized from top to bottom, minimizing future capital expenditures. Prime Location, Minutes from Electric Boat Sub Base and other major employers to ensure it will always be occupied. This location is also convenient to Great Restaurants, Shops, Theater, Library, Music Venues, Fitness Training, Health Care and Much More. Step into this immediate Cash Flow Opportunity.

Property Details

198 Montauk Avenue, New London Connecticut 06320 — Multi-Family For Sale listed at $685,000.

At a Glance

5

Bedrooms

3

Bathrooms

2,369

Sq Ft

0.17

Lot Size

--

Garage

1890

Year Built

The Details

Property TypeMulti-Family For Sale
NeighborhoodNew London
Address198 Montauk Avenue
MLS Number24146139
Year Built1890
Square Footage2,369
Lot Size0.17
Bedrooms5
Bathrooms3
Water SourcePublic Water Connected

Property Details

Financial

Assessed Value222300
Mil Rate Total27.2
Property Tax6047
Tax YearJuly 2025-June 2026

Property Features

Basement DescriptionFull,Heated,Storage,Concrete Floor,Full With Walk-Out
Cooling SystemNone
Exterior FeaturesBalcony,Sidewalk,Gutters,Lighting
Exterior SidingVinyl Siding
Foundation TypeConcrete,Stone
Garage ParkingPaved,Parking Lot,Unassigned Parking
Heat Fuel TypeElectric
Heat TypeBaseboard
Hot Water DescriptionElectric,Upright Tank
Laundry Room InfoCoin Op Laundry
Laundry Room LocationBasement
Roof InformationAsphalt Shingle

Location & Community

DirectionsWillets to Montauk
Elementary SchoolPer Board of Ed
High SchoolPer Board of Ed
Nearby AmenitiesHealth Club,Library,Medical Facilities,Park,Public Rec Facilities,Public Transportation,Shopping/Mall,Walk to Bus Lines
NeighborhoodN/A

All Photos (33)

Affordability Calculator

$685,000

Down Payment$137,000
Loan Amount$548,000
Principal & Interest$3,464/mo
Property Tax$685/mo
Insurance$100/mo
Est. Monthly$4,249/mo

Listing Agent

F

Ferdinand Giacinto

RE/MAX on the Bay

Contact Ferdinand Giacinto

Fill out the form below and we will respond promptly.

Quick Facts

StatusActive
TypeMulti-Family For Sale
ClassProperty
MLS #24146139
Last Updated2026-05-12