Under Contract

60 Ocean Avenue

New London, CT 06320
Mark as Favorite
Bed 4

Bed

Bath 3

Bath

SqFt1,911

Sqft

Acres0.11

Acre(Lot)

A solid income-producing opportunity in the heart of New London. This well-maintained two-unit multifamily, built in 1900, offers nearly 1,900 square feet of living space across two separately occupied units with meaningful upside potential. The first-floor unit features a long-term, stable tenant on a month-to-month lease at below-market rent, presenting an immediate opportunity to increase cash flow through a lease renewal at current market values. The second-floor unit is leased through October 2026, providing short-term income certainty while you plan your next move. Both units offer spacious layouts, updated kitchens, and generous storage, including a finished walk-up attic. Situated in the Ocean Beach neighborhood, the property sits within walking distance of Ocean Beach Park, Mitche ll College, Lawrence and Memorial Hospital, Downtown New London's Bank Street dining and shopping corridor, and the Cross Sound Ferry. Off-street parking and on-site laundry add everyday convenience for tenants. Whether you're a seasoned investor looking to optimize an existing portfolio or just ready to step into immediate cash flow, 60 Ocean Ave checks the boxes. With below-market rents on the first floor and a fixed lease in place upstairs, this property is positioned to grow.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $350,000

AD Id : 76135811

MLS Id : 24158716

Beds : 4

Lot Size : 0.11 Acre

Living Area Size : 1,911

Year Built : 1900

Garage : 1

County : New London

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Rooms Total: 7 Has Basement: Yes Basement: Full, Unfinished
  • Roofing Information

    Asphalt
  • Interior Features

    Roof: Asphalt Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Steam Has Cooling: Yes Cooling: Wall Unit(s)

  • Building Information

    Year Built: 1900 Building Area Total: 1911 Construction Materials: Asbestos, Concrete, Frame Patio And Porch Features: Porch Private Pool: No

  • Lot Information

    Lot Size Acres: 0.11 Lot Description: Level

  • Listing Price Information

    Listing Price: $350000

  • Tax Information

    Parcel Number: 1999434 Annual Tax: $3550

  • Parking Information

    Parking Total: 4 Private, Driveway

    Garage Information

    Has Garage: Yes Garage Space: 1

  • School Information

    Elementary School: Per Board of Ed
    Junior High School:
    Senior High School: New London
  • Location Information

    Direction: GPS friendly WaterSource: Public
Sell a home like this and save $20,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
53-55 Bank Street, New London, CT, 06320 $1,625,000 5 -- 7,668 7,668 SqFt
153 Bank Street, New London, CT, 06320 $1,725,000 6 6 12,470 12,470 SqFt
147 Bank Street, New London, CT, 06320 $1,350,000 3 3 8,701 8,701 SqFt
96 Blinman Street, New London, CT, 06320 $350,000 4 2 2,346 2,346 SqFt
198 Montauk Avenue, New London, CT, 06320 $685,000 5 3 2,369 2,369 SqFt
144 Montauk Avenue, New London, CT, 06320 $675,000 8 4 3,309 3,309 SqFt
89 Hempstead Street, New London, CT, 06320 $350,000 3 2 1,330 1,330 SqFt
71 Blackhall Street, New London, CT, 06320 $349,900 4 3 1,564 1,564 SqFt
6 Williams Street, New London, CT, 06320 $400,000 6 2 2,200 2,200 SqFt
30 Chappell Street, New London, CT, 06320 $288,000 5 3 1,600 1,600 SqFt

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

ByOwner last updated this listing 06/16/2026 @ 11:58

MLS: 24158716 LISTED BY: Chaz Koch, William Raveis Real Estate SOURCE: SmartMLS

Selling? Save $20,501 when you sell a home like this

Tour with a ByOwner Agent