198 Montauk Avenue, New London, CT 06320

• 5 beds |
• 3 baths |
• 2,369 sqft

Property Description

Turnkey Investment Opportunity. Here is a Fully Renovated Three-Family turn-key triple-income asset in a bustling and high growth area with thriving local commerce. This property has been completely reimagined with quality updates and finishes, offering a seamless blend of income and nothing further to do with long-term financial stability. Renovations include Brand New Kitchens & Baths, Updated Mechanicals across all three units with plenty of off-street parking and laundry facilities on premise. This investment is optimized for favorable market rents with separate utilities to keep overhead low. Low Maintenance because it's been modernized from top to bottom, minimizing future capital expenditures. Prime Location, Minutes from Electric Boat Sub Base and other major employers to ensure it will always be occupied. This location is also convenient to Great Restaurants, Shops, Theater, Library, Music Venues, Fitness Training, Health Care and Much More. Step into this immediate Cash Flow Opportunity.

Listing Status:

Active

Date Added:

January 2, 2026

Data Last Updated:

February 10, 2026 at 4:50AM

Listing Office:

RE/MAX on the Bay : (860) 739-0888

Listing Agent:

Ferdinand Giacinto : (860) 912-0694

MLS ID:

24146139

Interior

• Laundry: Coin Op Laundry
• Basement: FullHeatedStorageConcrete FloorFull With Walk-Out
• A/C: None
• Heating: BaseboardElectric
• Fireplace: Fireplaces: 0

Exterior

• General: BalconySidewalkGuttersLighting
• Style: Units on different Floors
• Parking: Parking spaces: 12

Construction

• Roofing: Asphalt Shingle

Location

• County: New London

Lot

• Zoning: R-21998707

Utilities

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