119 Jefferson Avenue, New London, CT 06320

• 5 beds |
• 3 baths |
• 2,904 sqft

Property Description

Attention investors and contractors! Value-add 3-family opportunity located at 119 Jefferson Avenue with strong income potential and immediate cash flow. All three units are currently occupied with month-to-month tenants, offering flexibility for rent increases or future renovations. Current rents total approximately $3,700+ per month, with upside potential once improvements are completed. Property features a solid multi-unit layout and includes a huge driveway with ample off-street parking plus a detached one-car garage-a rare and valuable feature for tenants. Property requires significant updates, including heating system installation, siding replacement, roof evaluation, and cosmetic improvements throughout. Being sold strictly as-is. Ideal for cash buyers or rehab loan financing. This is a prime opportunity to reposition an income-producing asset in New London's active multifamily market. With the right renovations, this property offers strong cash flow and long-term appreciation potential. Conveniently located near major employers, Electric Boat, shopping, dining, and local amenities. Don't miss your chance to unlock the full potential of this multi-family investment!

Listing Status:

Active

Date Added:

March 24, 2026

Data Last Updated:

March 28, 2026 at 4:52PM

Listing Office:

Real Broker CT, LLC : (860) 884-9511

Listing Agent:

Oriel Hayer : (860) 237-6545

MLS ID:

24158616

Interior

• Basement: PartialFullFull With Walk-Out
• A/C: None
• Heating: Gravity Warm AirWall UnitGas In StreetNatural Gas
• Fireplace: Fireplaces: 0

Exterior

• General: BalconyDeck
• Style: Units on different Floors

Construction

• Roofing: Asphalt Shingle

Location

• County: New London

Lot

• Zoning: C-12000464

Utilities

• Water: Public Water Connected
• Sewer: Public Sewer Connected