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MLS 24202473 For Sale Updated August 30, 2026
198 Montauk Avenue

New London, Connecticut 06320

$715,000
On market 1 day
198 Montauk Avenue
1 / 37

About This Property

Beatuful 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

Interior

Heat
Baseboard — Electric
Cooling
None
Basement
Full,Heated,Storage,Concrete Floor,Full With Walk-Out

Exterior & Lot

Roof
Asphalt Shingle
Construction
Construction
Waterfront
View
Exterior Features
Balcony Sidewalk Gutters Lighting
Lot Description
Level Lot Water View
Garage & Parking
Paved Parking Lot Unassigned Parking

Utilities & Systems

Water Source
Public Water Connected
Sewer
Public Sewer Connected

Community & Schools

Elementary
Per Board of Ed
High
Per Board of Ed
Nearby Amenities
Health Club Library Medical Facilities Park Public Rec Facilities Public Transportation Shopping/Mall Walk to Bus Lines

198 Montauk Avenue

New London , Connecticut 06320

$715,000

On market 1 day

Beds
5
Baths
3
SqFt
2,369
Type
Multi-Family
County New London
Garage -
Rooms -
Lot Size 0.17 Acres
Property Tax $6,024
Assessed Value $222,300
Year Built 1890
Style Units on different Floors
Zoning R-2
Parking Spaces 12

Payment Estimate

30-year fixed. Includes taxes; estimates only.

Estimated Monthly Payment
Open the full mortgage calculator →

Property Map

Map location is based on the property address.

Listing information is deemed reliable but not guaranteed and is sourced from the local MLS feed. Brokerage shown: RMBA60.

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