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Tenant-Occupied Duplex with Deck
For Sale
$525,000

28 Ocean Ave, New London, CT 06320

Two-unit residential property with updated kitchens, off-street parking, and a fenced backyard near downtown New London.

Property Size2,170 SF
Days on Market13

Property Features for 28 Ocean Ave

General Information

Standard status Active
Size 2,170 SF
Property subtype Multi Family

Building Details

Building Size 2,170 SF
Year Built 1883
Listing Agency: William Raveis Real Estate
Listed By: Chaz Koch · License #RES.0812689
Source: Elliman
Added: Sep 15 Last Checked: Sep 26 at 8:21AM

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 William Raveis Real Estate

Investment Insights

Based on property information with market context.

Built in 1883, this two-unit residential property contains 2,170 square feet with a combined four bedrooms and three full bathrooms. Both units are tenant-occupied and feature updated kitchens with stainless steel appliances, while separate layouts support distinct household configurations. Natural gas forced hot water provides the heating system, and off-street parking serves the property. Outdoor improvements include a fenced, tree-shaded backyard and deck.

The property is located at 28 Ocean Ave in New London, near the waterfront, marinas, downtown shops and restaurants, Amtrak and Shore Line East rail service, the Naval Submarine Base, and the U.S. Coast Guard Academy. Walk Score is 70, Bike Score is 45, and Transit Score is 26.

Key Highlights

  • Two‑unit property with 2,170 square feet
  • Four bedrooms and three full bathrooms combined
  • Updated kitchens with stainless steel appliances

Property Analytics

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Current Use

Duplexes

Suggested Use

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

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

1,313
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
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with updated kitchens, off-street parking, and a fenced backyard near downtown New London.
Where is this duplex located?
The property is located at 28 Ocean Ave New London, CT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit property with 2,170 square feet; Four bedrooms and three full bathrooms combined; Updated kitchens with stainless steel appliances
More about this property
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