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    142 Montauk Ave New London, CT 06320

    For Sale
    $485,000

    Well-maintained four-family property with long-term tenants and recent updates.

    Lot size:
    0.17 Acres

    Property Features for 142 Montauk Ave

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1920

    Source: RE/MAX Legends Agent Marilyn Lusher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New London Multifamily Investment Opportunity

    This well-maintained four-family property in New London presents an investment opportunity. The property has a strong rental history, with most tenants having resided there for over 10 years. Recent updates include exterior paint completed in 2024, a 12-year-old roof, natural gas hot water heaters all 5 years old or newer, and a driveway that is 5 years old. The property offers additional income potential with on-site coin-operated laundry. Its location provides convenient access to downtown New London, Yale New Haven L&M Hospital, Mitchell College, and Electric Boat, making it a prime location for consistent occupancy.
    Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -72.104916
    Latitude
    41.344282

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-family property with long-term tenants and recent updates.
    Where is this quadplex located?
    The property is located at 142 Montauk Ave New London, CT.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Strong rental history with long-term tenants (10+ years) ensures stable income.; - Recent updates including exterior paint (2024), relatively new roof (12 years old), newer natural gas hot water heaters (5 years or newer), and a recent driveway (5 years old) minimize immediate maintenance costs.; - Prime location near downtown New London, Yale New Haven L&M Hospital, Mitchell College, and Electric Boat provides consistent tenant demand.
    (860) 460-9559
    Request Owner's contact information
    142 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
    142 Montauk Ave New London, CT 06320
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