Regency Key
Regency Real Estate
The Key To Your New Home
← Back to Search
MLS 24205317 For Sale Open House Updated September 20, 2026
Open House An open house is scheduled — contact us for times.
28 Ocean Avenue

New London, Connecticut 06320

$525,000
On market 5 days
28 Ocean Avenue
1 / 40

About This Property

Turnkey 2-family investment in New London - currently tenant-occupied and cash-flowing from day one. This 1883-built property offers 2,170 sq ft across two units with 4 bedrooms and 3 full baths total, each unit featuring an updated kitchen with stainless steel appliances and its own layout for easy tenant turnover. Low annual taxes (approx. $3,574) and efficient natural gas forced hot water heat keep operating costs down, while off-street parking adds tenant appeal in a dense coastal neighborhood. Set minutes from New London's waterfront, marinas, downtown shops and restaurants, Amtrak/Shore Line East rail, and major regional employers including the Naval Submarine Base and U.S. Coast Guard Academy - a location that consistently drives strong, steady rental demand. Outdoor space includes a fenced, tree-shaded backyard and deck, adding value beyond the units themselves. Whether you're expanding a rental portfolio or purchasing as an owner-occupant to offset your mortgage with in-place tenant income, this well-located multi-family delivers immediate returns with long-term upside in a growing waterfront market. Schedule your showing today and see the numbers for yourself.

Property Details

Interior

Heat
Baseboard — Natural Gas
Cooling
Window Unit
Basement
Full,Unfinished,Full With Hatchway

Exterior & Lot

Roof
Asphalt Shingle
Construction
Construction
Lot Description
Level Lot

Utilities & Systems

Water Source
Public Water Connected
Sewer
Public Sewer Connected

Community & Schools

Elementary
Per Board of Ed
High
Per Board of Ed

28 Ocean Avenue

New London , Connecticut 06320

$525,000

On market 5 days

Beds
7
Baths
3
SqFt
2,170
Type
Multi-Family
County New London
Garage 0
Rooms -
Lot Size 0.09 Acres
Property Tax $3,574
Assessed Value $131,900
Year Built 1883
Style Units on different Floors
Zoning C-1

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: RAVE50.

Menu