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MLS 24202717 For Sale Updated September 24, 2026
88 Riverview Avenue

New London, Connecticut 06320

$725,000
On market 1 day
88 Riverview Avenue
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About This Property

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 10 minutes from Niantic & 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.

Property Details

Interior

Heat
Steam — Gas In Street
Cooling
None
Basement
Full,Unfinished,Storage,Walk-out,Concrete Floor

Exterior & Lot

Roof
Asphalt Shingle
Construction
Construction
Lot Description
Corner Lot Level Lot Sloping Lot

Utilities & Systems

Water Source
Public Water Connected
Sewer
Public Sewer Connected

Community & Schools

Elementary
Per Board of Ed
High
New London

88 Riverview Avenue

New London , Connecticut 06320

$725,000

On market 1 day

Beds
6
Baths
5
SqFt
3,168
Type
Multi-Family
County New London
Garage -
Rooms -
Lot Size 0.23 Acres
Property Tax $5,358
Assessed Value $197,700
Year Built 1900
Style Units on different Floors
Zoning R-2

Payment Estimate

30-year fixed. Includes taxes; estimates only.

Estimated Monthly Payment
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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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