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    198 Montauk Ave New London, CT 06320

    Sponsored
    For Sale
    $685,000

    Units On Different Floors, 3 Family - New London, CT

    Property size:
    2,369 SF
    Lot size:
    0.17 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 6 at 8:06 pm

    Property Features for 198 Montauk Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
    Bedrooms
    5
    Bathrooms
    3
    APN
    1998707
    Parking
    8
    Parking features
    Parking Lot, Paved or Surfaced, Unassigned
    Exterior features
    Balcony, Sidewalk, Gutters, Lighting
    Basement Y/N
    1
    Size
    2,369 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1890
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    RE/MAX ON THE BAY (860) 739-0888 [email protected]

    Listing agent Ferdinand Giacinto (860) 739-0888

    Listing date Jan 2, 2026

    MLS# 24146139 Listing URL

    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.

    Overview

    Renovated Three-Family Turnkey Investment

    This is a fully renovated three-family property, a turnkey triple-income asset located in a bustling and high-growth area with thriving local commerce. The property has been completely reimagined with quality updates and finishes, offering a seamless blend of income and long-term financial stability. Renovations include brand new kitchens and baths, and updated mechanicals across all three units. The property offers plenty of off-street parking and on-premise laundry facilities. This investment is optimized for favorable market rents with separate utilities to keep overhead low. It has been modernized from top to bottom, minimizing future capital expenditures. The property is in a prime location, minutes from Electric Boat Sub Base and other major employers. The location is also convenient to restaurants, shops, theater, library, music venues, fitness training, and health care. The lot size is 0.17 acres. The property size is 2369 square feet. The zoning is R-2. The property is located in New London, CT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    State
    Connecticut
    Longitude
    -72.10507
    Latitude
    41.342373

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    FAQs

    What type of property is this?
    Triplex - Fully renovated three-family property in a high-growth area.
    Where is this triplex located?
    The property is located at 198 Montauk Ave New London, CT.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: - Turnkey, fully renovated three-family property providing immediate cash flow.; - Prime location near Electric Boat Sub Base and major employers, ensuring high occupancy.; - Brand new kitchens and baths, plus updated mechanicals across all three units.
    (860) 739-0888
    Request Owner's contact information
    198 Montauk Ave New London, CT 06320
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    New London, CT 06320
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    198 Montauk Ave New London, CT 06320
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