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Renovated Three-Unit Triplex
For Sale
$715,000

198 Montauk, New London, CT 06320

Updated three-family property with separate utilities, on-site laundry, and off-street parking.

Property Size1,890 SF
Price / SF$301.82
Days on Market52

Property Features for 198 Montauk

General Information

Standard status Active
Size 1,890 SF
Property subtype 3 Family
Lease Term Listing ID: 24202473, Standard Status: Active, MLS Status: Active, Property Subtype: 3 Family, 49 days on market

Building Details

Building Size 1,890 SF
Year Built 1890
Listing Agency: RE/MAX on the Bay
Listed By: Ferdinand Giacinto · License #RES.0257400
Source: Iverty
Added: Aug 28 Changed: Oct 16 Last Checked: Oct 16 at 9:44AM

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 RE/MAX on the Bay

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Investment Insights

Based on property information with market context.

This three-family property at 198 Montauk Avenue has 2,369 square feet and dates to 1890. Recent work includes new kitchens and bathrooms, along with updated mechanical systems serving all three units. The property also provides laundry facilities on site, off-street parking, and separate utilities for each residence.

The property is minutes from Electric Boat, the Sub Base, and other major employers. Restaurants, shops, a theater, library, music venues, fitness training, and health care are also identified in the surrounding area. The combination of three residential units and documented modernization provides a clearly defined multifamily configuration.

Key Highlights

  • Three‑family triplex with 2,369 square feet
  • New kitchens and bathrooms across all three units
  • Updated mechanical systems throughout the property

Property Analytics

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Current Use

Triplexes

Suggested Use

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Updated three-family property with separate utilities, on-site laundry, and off-street parking.
Where is this triplex located?
The property is located at 198 Montauk New London, CT.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Three‑family triplex with 2,369 square feet; New kitchens and bathrooms across all three units; Updated mechanical systems throughout the property
More about this property
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