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Renovated Six-Unit Apartment Building
New
For Sale
$949,900

119 Lincoln Ave, New London, CT 06320

Fully occupied property with off-street parking and shared outdoor space.

Property Size4,134 SF
Days on Market4

Property Features for 119 Lincoln Ave

General Information

Standard status Active
Size 4,134 SF
Property subtype Multi Family
Occupancy 100%

Units

Unit Mix 6 x 1BR
Multifamily Units 6
Parking per Unit 1

Amenities

shared deck
backyard

Building Details

Building Size 4,134 SF
Year Built 1975
Listing Agency: Shutters & Sails, LLC
Listed By: Valerie Levin
Source: Elliman
Added: Sep 8 Changed: Sep 9 Last Checked: Sep 10 at 8:38AM

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 Shutters & Sails, LLC

Investment Insights

Based on property information with market context.

Located at 119 Lincoln Ave, this 1975 apartment building contains six one-bedroom units. All apartments have been renovated and are fully occupied, with one dedicated off-street parking space assigned to each unit. Residents also have access to a shared deck and backyard.

The property is in New London, Connecticut, near Electric Boat, the Naval Submarine Base, casinos, hospitals, and other regional employers. The surrounding area records a Walk Score of 83, a BikeScore of 45, and a TransitScore of 31. Current gross annual income and operating expenses are available upon request.

Key Highlights

  • Six one‑bedroom apartment units
  • All six units renovated and fully occupied
  • One dedicated off‑street parking space per unit

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Computer & Electronic Repair (Bike/Boat/Book/etc) Store Tech Support Center Florist Veterinary Clinic Carpet & Flooring Store

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

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,111
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Fully occupied property with off-street parking and shared outdoor space.
Where is this apartment building located?
The property is located at 119 Lincoln Ave 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 one‑bedroom apartment units; All six units renovated and fully occupied; One dedicated off‑street parking space per unit
More about this property
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