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60 Ocean Avenue, New London, CT 06320

New London
Local realty services provided by:CENTURY 21 Clemens Group
60 Ocean Avenue,New London, CT 06320
$350,000
  • 4 Beds
  • 3 Baths
  • 1,911 sq. ft.
  • Multi-family
  • Active
Listed by: chaz koch(860) 575-4962
Office: william raveis real estate
MLS#:24158716
Source:CT

Price summary

  • Price:$350,000
  • Price per sq. ft.:$183.15

About this home

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 and is currently operating at a 6 percent market cap 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, Mitchell College, Lawrence and Memorial Hospital, Downtown New London's Bank Street dining and shopping corridor, and the Cross Sound Ferry. Off-street...

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Home facts

  • Year built:1900
  • Listing ID #:24158716
  • Added:1 day(s) ago
  • Updated:March 13, 2026 at 11:46 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:7
  • Basement Description:Full Basement, Unfinished
  • Living area:1,911 sq. ft.

Heating and cooling

  • Cooling:Split System, Wall Unit
  • Heating:Steam

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1900
  • Building area:1,911 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Level Lot
  • Construction Materials:Asbestos
  • Exterior Features:Porch

Schools

  • High school:New London
  • Elementary school:Per Board of Ed

Utilities

  • Water:Public Water Connected

Finances and disclosures

  • Price:$350,000
  • Price per sq. ft.:$183.15
  • Tax amount:$3,550 (July 2025-June 2026)

Parking

  • Total parking spaces:4
  • Parking description:Detached Garage, Driveway
  • Garage:Yes
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