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Triplex With Detached Garage
For Sale
$325,000

20 Reed Street, New London, CT 06320

Three-family layout with off-street parking and a detached two-car garage in downtown New London.

Property Size18,703 SF
Price / SF$103.70
Days on Market14

Property Features for 20 Reed Street

General Information

Standard status Active
Size 18,703 SF
Property subtype 3 Family

Additional Details

Public Transit Yes
Multifamily Units 3

Building Details

Building Size 18,703 SF
Year Built 1870
Listing Agency: CENTURY 21 Shutters & Sails
Listed By: Linda Labbe · License #RES.0782058
Source: Iverty
Added: Aug 12 Changed: Aug 25 Last Checked: Aug 25 at 6:02AM

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 CENTURY 21 Shutters & Sails

Investment Insights

Based on property information with market context.

Built in 1870, this three-family property at 20 Reed St offers a triplex configuration with off-street parking and a detached two-car garage. The building is positioned for a renovation-focused ownership strategy, with the existing structure providing a foundation for updates and reconfiguration as permitted.

The property is located in downtown New London, near restaurants, shopping, medical facilities, transportation, and the city waterfront. Walk Score is 91, rated Walker’s Paradise, while Bike Score is 49, rated Somewhat Bikeable. Transit Score is 36, indicating Some Transit.

Key Highlights

  • Triplex property with three family units
  • Detached two‑car garage included
  • Off‑street parking on the property

Property Analytics

Current Use

Triplexes

Suggested Use

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

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,747
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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Three-family layout with off-street parking and a detached two-car garage in downtown New London.
Where is this triplex located?
The property is located at 20 Reed Street New London, CT.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Triplex property with three family units; Detached two‑car garage included; Off‑street parking on the property
More about this property
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