Renovated Six-Unit Apartment
New
For Sale
$949,900
119 Lincoln Avenue, New London, CT 06320
Multi-Family For Sale, New London, CT
Property Size4,134 SF
Lot Size0.30 Acres
Price / SF$229.78
Days on Market2
Property Features for 119 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 5, Bedroom 6, Bathroom 6, Bathroom 4
Parking
6
Patio and Porch features
Deck
Exterior features
Deck,Lighting
Lot features
Corner Lot, Level Lot
Elementary school
Per Board of Ed
High school
New London
Directions
GPS Friendly
Standard status
Active
Size
4,134 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
7593
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Cooling system
Window Unit(s)
Water source
Public
Amenities
shared deck
spacious backyard
Building Details
Year built
1975
Listing Agency:
CENTURY 21 Shutters & Sails · Century 21 Real Estate
(860) 331-1510
Listed By:
Valerie Levin
(917) 378-5712
Added: Sep 7
Last Checked: Sep 8 at 1:06AM
MLS# 24203018
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 4,134-square-foot apartment building contains six renovated one-bedroom units, each with a dedicated off-street parking space. Built in 1975, the property also provides a common deck and backyard. Heating is supplied by hot water and baseboard systems, with window unit cooling. Public water and public sewer serve the property, which is zoned R-2.
The 0.3-acre property is in New London, Connecticut, near Electric Boat, the Naval Submarine Base, casinos, hospitals, and other regional employers. All units are occupied, providing an established multifamily operation with existing rental income. The combination of unit count, completed renovations, on-site parking, and shared outdoor space supports continued residential use without the need for initial renovation work.
The 0.3-acre property is in New London, Connecticut, near Electric Boat, the Naval Submarine Base, casinos, hospitals, and other regional employers. All units are occupied, providing an established multifamily operation with existing rental income. The combination of unit count, completed renovations, on-site parking, and shared outdoor space supports continued residential use without the need for initial renovation work.
Key Highlights
- Six renovated one‑bedroom units, all fully occupied
- 4,134 square feet on a 0.3‑acre lot
- Dedicated off‑street parking space for each unit
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 06320, CT
27,398
Population
12,528
Households
2.2
Avg Household Size
34
Median Age
29%
College-Educated
88%
High-School Grad
5.6 sq mi
ZIP Area
4,893
Density / Sq Mi
$60,224
Median Household Income
$34,932
Median Earnings
$1,304
Median Rent
$234,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment property with dedicated parking and shared outdoor amenities.
Where is this apartment building located?
The property is located at 119 Lincoln Avenue New London, CT.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Six renovated one‑bedroom units, all fully occupied; 4,134 square feet on a 0.3‑acre lot; Dedicated off‑street parking space for each unit
