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19 Summer Street, New London, CT 06320

For Sale

$525,000

6 beds • 3 baths • 2,738 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $191.75
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

This fully occupied, cash-flowing three-family property in the heart of New London generates over $60,000 in gross annual income, with an approximate net income of $55,000 per year-making it a strong turnkey investment with room to grow. Each of the three spacious units features 2 bedrooms and 1 full bath, offering generous layouts that appeal to a wide range of tenants. Two units have been updated within the past year, and the building boasts a brand-new Gambrel-style roof with 30-year shingles for long-term durability. Located in a convenient and desirable area of New London, the property offers easy access to major highways, public transportation, downtown shops and restaurants, local colleges, and the waterfront-enhancing its rental appeal. Additional highlights include on-site laundry in the basement and plentiful private off-street parking. With the potential to increase income by updating the remaining unit, this property combines immediate cash flow with long-term upside in a growing coastal city known for strong rental demand and vibrant community life. Please come and take a look!
MLS# 24106926

Courtesy Of Real Broker CT, LLC

(855) 450-0442

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Lot Size
    0.11 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 19 Summer Street, New London, CT 06320

Home seller CENTURY 21 Shutters & Sails

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Shutters & Sails

(860) 331-1510
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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' 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 being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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