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198 Montauk Avenue, New London, CT 06320

Multi-Family For Sale · 3 Family

$685,000
$289/sqft
198 Montauk Avenue, New London, CT
Active
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5
Bedrooms
3
Bathrooms
2,369
Sq Ft
0.17
Acres
1890
Year Built

About This Home

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.

Listed by Ferdinand Giacinto (860) 912-0694 with RE/MAX on the Bay (860) 739-0888

Listing Snapshot

Price $685,000 Days on Our Site 54 days
Property Tax $6,047/yr Style Units on different Floors
Year Built 1890 Total Sq Ft 2,369
Lot Size 0.17 acres HOA Fees N/A
Bedrooms 5 Full Bathrooms 3
Total Rooms 14 Half Baths 0

Key Features

Outdoor
  • Balcony
  • Sidewalk
  • Gutters
  • Lighting
Nearby
  • Health Club
  • Library
  • Medical Facilities
  • Park
  • Public Rec Facilities
  • Public Transportation
  • Shopping/Mall
  • Walk to Bus Lines

Structure & Parking

Construction Frame
Roof Asphalt Shingle
Garage Type Paved, Parking Lot, Unassigned Parking

Systems & Utilities

Heat Baseboard
Fuel Electric
Cooling None
Hot Water Electric, Upright Tank
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Per Board of Ed
High Per Board of Ed

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $504/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Jan 2, 2026 Listed $685,000

Frequently Asked Questions

How much does 198 Montauk Avenue in New London, CT cost?
This property is listed at $685,000, which works out to $289 per square foot.
How many bedrooms does 198 Montauk Avenue have?
This home has 5 bedrooms and 3 bathrooms.
What is the square footage of 198 Montauk Avenue?
The home is 2,369 square feet, situated on 0.17 acres.
When was 198 Montauk Avenue in New London built?
This property was built in 1890.
Is 198 Montauk Avenue, New London, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 198 Montauk Avenue, New London in?
This home is served by the New London public school system, with Per Board of Ed as the elementary school and Per Board of Ed as the high school.
How do I schedule a tour of 198 Montauk Avenue, New London, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Ferdinand Giacinto · (860) 912-0694

RE/MAX on the Bay · (860) 739-0888

MLS# 24146139 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated May 12, 2026 8:24 PM UTC