Value-Add 3-Unit Residential
119 Jefferson Avenue New London, CT 06320
For Sale
$285,000
Pending
Three-unit property with off-street parking and a detached one-car garage, sold strictly as-is with updates needed.
Property Size2,904 SF
Days on Market122
Property Features for 119 Jefferson Avenue
General Information
- Standard status
- Pending
- Size
- 2,904 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1890
Listing Agency:
Real Broker CT, LLC
(860) 237-6545
Listed By:
Oriel Hayer · License #RES.0827300
(860) 237-6545
Source:
Compass
Added: Mar 24
Changed: Jul 23
Last Checked: Jul 23 at 10:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker CT, LLC
Investment Insights
Based on property information with market context.
This 3-unit residential income property is presented as a value-add opportunity and includes three currently occupied units on month-to-month tenancies. The building has a solid multi-unit layout, but requires significant updates, including installation of a heating system, siding replacement, roof evaluation, and additional cosmetic improvements throughout. The property is sold strictly as-is.
A large driveway provides off-street parking, and the detached one-car garage adds useful on-site storage for residents. The address is 119 Jefferson Avenue in New London, Connecticut, with convenience to local amenities and major employers referenced in the marketing remarks.
At the time of listing, current rents total approximately $3,700+ per month, with stated upside following completion of improvements. With the included parking and garage features, this asset may appeal to buyers looking to reposition an income-producing multifamily building through renovation.
A large driveway provides off-street parking, and the detached one-car garage adds useful on-site storage for residents. The address is 119 Jefferson Avenue in New London, Connecticut, with convenience to local amenities and major employers referenced in the marketing remarks.
At the time of listing, current rents total approximately $3,700+ per month, with stated upside following completion of improvements. With the included parking and garage features, this asset may appeal to buyers looking to reposition an income-producing multifamily building through renovation.
Key Highlights
- Value‑add 3‑family at 119 Jefferson Avenue with all three units currently occupied on month‑to‑month terms
- Approx. $3,700+ in current monthly rents with potential upside after improvements
- Huge driveway for ample off‑street parking plus a detached one‑car garage
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit property with off-street parking and a detached one-car garage, sold strictly as-is with updates needed.
Where is this triplex located?
The property is located at 119 Jefferson Avenue New London, CT.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Value‑add 3‑family at 119 Jefferson Avenue with all three units currently occupied on month‑to‑month terms; Approx. $3,700+ in current monthly rents with potential upside after improvements; Huge driveway for ample off‑street parking plus a detached one‑car garage
