Active

88 Riverview Avenue

New London, CT 06320

$725,000 $3,056/Mo

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Overview

Bed

Bath

3,168

Sqft

0.23

Acre(Lot)

Description

Turn-key 4-family investment opportunity with all four units currently occupied by clean, established, paying tenants. This property has been well maintained and offers an investor the opportunity to step into an income-producing property from day one. Situated on a beautiful corner lot and conveniently located near Electric Boat, the Naval Submarine Base, Lawrence + Memorial Hospital, shopping, highways, and other major area employers, this is a location that continues to benefit from strong rental demand. Tenants pay their own heat, hot water, and electricity, helping keep owner expenses down. On-site coin-operated laundry provides an additional source of income. With all four units rented and major employers nearby, this property offers a solid opportunity for an investor looking to add an established multi-family to their portfolio. Conveniently situated 10 minutes from Niantic & Groton, 25 minutes from Mystic, and 40 minutes from Hartford and the Rhode Island border. New London's central CT shoreline location is Midway between New York and Boston, offering easy access to Land, Rail, and Water transportation, and less than an hour to Major Airports. No trespassing. PLEASE DO NOT ENTER OR WALK THE PROPERTY WITHOUT A SCHEDULED APPOINTMENT. Property is fully occupied.

Property Details

Property Type : Residential Income

Price : $725,000

AD Id : 91434326

MLS Id : 24202717

Beds : 6

Lot Size : 0.23 Acre

Living Area Size : 3,168 Sq. Ft

Tax Amount : $5,358

Year Built : 1900

County : New London

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 5 Full Baths: 4 Half Baths: 1

Room Information

Rooms Total: 18 Has Basement: Yes Basement: Full, Walk-Out Access, Storage Space, Unfinished, Concrete
Roofing Information

Asphalt
Interior Features

Roof: Asphalt Laundry Features: Common Area, In Basement
Heating & Cooling

Has Heating: Yes Heating: Steam Cooling: None

Building Information

Year Built: 1900 Building Area Total: 3168 Construction Materials: Vinyl Siding, Frame Private Pool: No

Lot Information

Lot Size Acres: 0.23 Lot Description: Corner Lot, Level, Sloped

Listing Price Information

Listing Price: $725000

Tax Information

Parcel Number: 1998468 Annual Tax: $5358

School Information

Elementary School: Per Board of Ed

Junior High School:

Senior High School: New London
Location Information

Direction: Willets Ave to Riverview Ave WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
153 Bank Street, New London, CT, 06320	$1,725,000	6	6	12,470	0.18 Acre
147 Bank Street, New London, CT, 06320	$1,350,000	3	3	8,701	0.09 Acre
35 Union Street, New London, CT, 06320	$13,000,000	61	81	75,075	0.65 Acre
16 Starr Street, New London, CT, 06320	$444,000	5	3	3,024	0.07 Acre
82 Maple Avenue, New London, CT, 06320	$1,700,000	20	12	8,732	0.34 Acre
198 Montauk Avenue, New London, CT, 06320	$715,000	5	3	2,369	0.17 Acre
77 Truman Street, New London, CT, 06320	$480,000	2	4	3,410	0.10 Acre
144 Montauk Avenue, New London, CT, 06320	$650,000	8	4	3,309	0.11 Acre
35 Moore Avenue, New London, CT, 06320	$479,900	6	3	2,420	0.11 Acre
14 Blackhall Street, New London, CT, 06320	$375,000	6	2	2,004	0.11 Acre

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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 09/30/2026 @ 19:36

MLS: 24202717 LISTED BY: Ferdinand Giacinto, RE/MAX on the Bay SOURCE: SmartMLS