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Four-Unit Multifamily Property
New
For Sale
$650,000

144 Montauk Avenue, New London, CT 06320

Multi-Family For Sale, Units on different Floors,Units are Side-by-Side, New London, CT

Property Size3,309 SF
Lot Size0.11 Acres
Price / SF$196.43
Days on Market3

Property Features for 144 Montauk Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-2
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 2, Bathroom 3, Basement, Bedroom 1, Bedroom 8, Bedroom 4, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3
Parking 2
Patio and Porch features Deck
Exterior features Deck
Basement Full
Elementary school Per Board of Ed
High school Per Board of Ed
Directions GPS Friendly. Please park on the street.
Standard status Active
Size 3,309 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2027
Tax Annual Amount 4827

Utilities

Sewer type Public Sewer
Heating system Steam
Cooling system Wall Unit(s)
Water source Public

Building Details

Year built 1920
Architectural style Other
Listing Agency: RE/MAX One · RE/MAX International
Listed By: Shannon Muscara · License #RES. 0817751
Added: Aug 22 Changed: Aug 23 Last Checked: Aug 23 at 11:06PM
MLS# 24195267

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.

Located at 144 Montauk Avenue in New London, this four-unit multifamily property contains 3,309 square feet on a 0.11-acre lot and was built in 1920. The building includes four separately metered apartments, a full unfinished basement for storage and mechanical functions, vinyl replacement windows, a new roof, and a deck. Unit layouts include one three-bedroom apartment, two two-bedroom apartments, and one one-bedroom apartment.

Each unit has individual heat and electric responsibility, while the property uses steam heating, wall-unit cooling, public water, and public sewer. The R-2-zoned property is positioned in New London, near Ocean Beach Park and Harkness Memorial State Park. One unit is vacant, one is becoming vacant, and two are occupied.

Key Highlights

  • Four‑unit multifamily building with 3,309 square feet
  • Unit mix includes one 3‑bedroom, two 2‑bedroom, and one 1‑bedroom apartment
  • Four separately metered units

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service Daycare Center (Bike/Boat/Book/etc) Store Locksmith Garden Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,369
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four separately metered apartments include a full unfinished basement, deck, replacement windows, and a recently installed roof.
Where is this quadplex located?
The property is located at 144 Montauk Avenue New London, CT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit multifamily building with 3,309 square feet; Unit mix includes one 3‑bedroom, two 2‑bedroom, and one 1‑bedroom apartment; Four separately metered units
More about this property
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