$389,000
UNDER CONTRACT

Estimated payment $2,435/month

Total Views 10,183
5 Beds
3 Baths
2,074 Sq Ft
$188 Price per Sq Ft

Highlights

  • Property is near public transit
  • Attic
  • Porch
  • Finished Attic
  • Balcony
  • Covered Deck

About This Home

Two family home in New London with easy access to Electric Boat, L+M Hospital, beaches, and the downtown. Downstairs unit with two bedrooms and one full bath. Upstairs unit with three bedrooms and two full baths. Spacious living areas. Each unit has its own covered porch. Separate utilities for each, and separate hookups for washer and dryer in the large walk-out basement. 2-car garage and private backyard. Both units have been fully rented for the past 10 years. Both upstairs and downstairs tenants are on a month-to-month basis. Don't miss out on this fantastic investment opportunity! Please note, pictures of both units taken prior to current tenant move-in, to preserve their privacy.

Listing Agent

Oscar Barrera

William Raveis Real Estate License #RES.0799363 Listed on: 05/24/2025

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,797

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Garden

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,074 Sq Ft Home
  • Concrete Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Attic

  • Attic Floors
  • Walkup Attic
  • Finished Attic

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Laundry in Basement

Parking

  • 2 Car Garage
  • Private Driveway

Outdoor Features

  • Balcony
  • Covered Deck
  • Rain Gutters
  • Porch

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Floor Furnace
  • Radiator
  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Gas Available at Street

Community Details

  • 2 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 1998823

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,797

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2074
  • Total Sq Ft: 2074
  • Year Built: 1920
  • New Construction: No/Resale
  • Nearby Amenities: Commuter Bus, Medical Facilities, Park, Playground/Tot Lot, Public Transportation
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Per GPS
  • Living Area Sq Ft Per Public Record: 2074
  • Street Type: Avenue
  • Special Features: UnderContract

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Attic Description: Heated, Finished, Floored, Walk-up
  • Basement Description: Full, Unfinished, Interior Access, Walk-out, Concrete Floor, Full With Walk-Out
  • Laundry Room Location: Basement
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 48

Exterior Features

  • Exterior Features: Balcony, Sidewalk, Porch, Gutters, Garden Area, Covered Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Driveway Type: Private, Paved, Asphalt
  • Total Parking Spaces: 3
  • Garage And Parking: Detached Garage, Driveway, Paved, Off Street Parking

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard, Radiator, Steam
  • Heat Fuel Type: Electric, Gas In Street, Natural Gas
  • Hot Water Description: Natural Gas, 50 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.11
  • Lot Description: City Views Level Lot
  • Flood Zone: No
  • Zoning: R-2
  • Parcel #: 1998823

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 3797
  • Total Assessed Value: 139600
  • Mil Rate Total: 27.2

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $3,797 $139,600 $40,100 $99,500
2024 $3,839 $139,600 $40,100 $99,500
2023 $3,488 $93,660 $32,060 $61,600
2022 $3,494 $93,660 $32,060 $61,600
2021 $3,554 $93,660 $32,060 $61,600
2020 $3,577 $93,660 $32,060 $61,600
2019 $3,737 $93,660 $32,060 $61,600
2018 $3,552 $81,200 $30,800 $50,400
2017 $3,594 $81,200 $30,800 $50,400
2016 $3,285 $81,200 $30,800 $50,400
2015 $3,207 $81,200 $30,800 $50,400
2014 $2,783 $81,200 $30,800 $50,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2025 05/31/25 For Sale $389,000 0.0% $188 / Sq Ft
05/31/2025 05/31/25 Pending -- -- --
05/27/2025 05/27/25 For Sale $389,000 -- $188 / Sq Ft
Source: SmartMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $87,000 --
Warranty Deed $87,000 --
Warranty Deed $94,500 --
Warranty Deed $88,000 --
Warranty Deed $88,000 --
Warranty Deed $70,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $86,450 No Value Available
Closed $8,900 No Value Available
Closed $86,450 Purchase Money Mortgage
Source: Public Records

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Source: SmartMLS

MLS Number: 24098603

SmartMLS

APN: NLON-000022-000113-000001