19 Summer St New London, CT 06320
Jefferson NeighborhoodEstimated payment $3,308/month
Total Views
5,045
6
Beds
3
Baths
2,738
Sq Ft
$192
Price per Sq Ft
Highlights
- Hot Water Circulator
- Hot Water Heating System
- Private Driveway
About This Home
This fully occupied, cash-flowing three-family property in the heart of New London generates over $60,000 in gross annual income, with an approximate net income of $55,000 per year-making it a strong turnkey investment with room to grow. Each of the three spacious units features 2 bedrooms and 1 full bath, offering generous layouts that appeal to a wide range of tenants. Two units have been updated within the past year, and the building boasts a brand-new Gambrel-style roof with 30-year shingles for long-term durability. Located in a convenient and desirable area of New London, the property offers easy access to major highways, public transportation, downtown shops and restaurants, local colleges, and the waterfront-enhancing its rental appeal. Additional highlights include on-site laundry in the basement and plentiful private off-street parking. With the potential to increase income by updating the remaining unit, this property combines immediate cash flow with long-term upside in a growing coastal city known for strong rental demand and vibrant community life. Please come and take a look!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,369
Year Built
- Built in 1900
Lot Details
- 4,792 Sq Ft Lot
Home Design
- 2,738 Sq Ft Home
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Basement
- Partial Basement
- Laundry in Basement
Parking
- 7 Parking Spaces
- Private Driveway
Utilities
- Cooling System Mounted In Outer Wall Opening
- Hot Water Heating System
- Heating System Uses Oil
- Hot Water Circulator
- Fuel Tank Located in Basement
Community Details
- 3 Units
- Gross Income $61,800
Listing and Financial Details
- Assessor Parcel Number 1999480
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,369 | $197,400 | $40,100 | $157,300 |
| 2024 | $5,429 | $197,400 | $40,100 | $157,300 |
| 2023 | $4,525 | $121,520 | $32,060 | $89,460 |
| 2022 | $4,534 | $121,520 | $32,060 | $89,460 |
| 2021 | $4,612 | $121,520 | $32,060 | $89,460 |
| 2020 | $4,641 | $121,520 | $32,060 | $89,460 |
| 2019 | $4,849 | $121,520 | $32,060 | $89,460 |
| 2018 | $3,931 | $89,880 | $30,800 | $59,080 |
| 2017 | $3,978 | $89,880 | $30,800 | $59,080 |
| 2016 | $3,637 | $89,880 | $30,800 | $59,080 |
| 2015 | $3,549 | $89,880 | $30,800 | $59,080 |
| 2014 | $3,080 | $89,880 | $30,800 | $59,080 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | For Sale | $525,000 | +61.5% | $192 / Sq Ft |
| 05/18/2023 05/18/23 | Sold | $325,000 | 0.0% | $119 / Sq Ft |
| 04/28/2023 04/28/23 | Pending | -- | -- | -- |
| 04/17/2023 04/17/23 | For Sale | $325,000 | -- | $119 / Sq Ft |
Source: SmartMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $325,000 | None Available | |
| Warranty Deed | $325,000 | None Available | |
| Warranty Deed | $325,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $260,000 | -- | |
| Warranty Deed | $260,000 | -- | |
| Warranty Deed | $99,900 | -- | |
| Warranty Deed | $99,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $234,000 | Commercial | |
| Previous Owner | $26,000 | Commercial |
Source: Public Records
Similar Homes in New London, CT
Source: SmartMLS
MLS Number: 24106926
APN: NLON-000025-000125-000015
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