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Renovated 12-Unit Apartment Building
For Sale
$1,700,000

82 Maple Avenue, New London, CT 06320

Two-story property with a mix of renovated, in-progress, and gutted units, plus a basement and open porch.

Property Size8,732 SF
Lot Size0.34 Acres
Price / SF$194.69
Days on Market15

Property Features for 82 Maple Avenue

General Information

Standard status Active
Size 8,732 SF
Lot size 0.34 Acres
Property subtype Multi-family

Property Condition

Severity Major Repairs Needed
Evidence three units are gutted or under construction

Additional Details

Public Transit Yes
Multifamily Units 12

Amenities

open porch

Building Details

Year Built 1925
Buildings 1
Stories 2
Listing Agency: Century 21 AllPoints Realty ((860) 966-9217)
Listed By: Tyler DeVecchis · License #RES.0814134
Source: Cthomeseekers
Added: Aug 19 Changed: Sep 2 Last Checked: Aug 31 at 8:22PM

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 AllPoints Realty ((860) 966-9217)

Investment Insights

Based on property information with market context.

This 12-unit apartment building, constructed in 1925, contains approximately 8,732 square feet of building area and 10,555 square feet of gross area. Eight units are renovated and/or in good condition, one is under renovation, and three are gutted or under construction. The two-story property includes a 2,877-square-foot basement, gas-fired hot-water heat, an asphalt-shingle mansard roof, shingle siding, and an open porch. The renovation program is substantially underway, with additional unit work remaining.

The property is located near downtown New London and the Thames River waterfront, with Waterfront Park, Cross Sound Ferry, and the city's intermodal transportation center nearby. Ferry, rail, and bus transportation are accessible from the area, along with restaurants, entertainment, arts, recreation, waterfront activities, Lawrence + Memorial Hospital, shopping, grocery stores, and major roadways. The reported Walk Score is 92.

Key Highlights

  • 12‑unit apartment building on approximately 0.34 acres (14,810 SF)
  • Approximately 8,732 SF of building area and 10,555 SF gross area
  • Eight units renovated and/or in good condition; one under renovation

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center Garden Center Electrical Service Locksmith HVAC Service (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.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

1,208
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story property with a mix of renovated, in-progress, and gutted units, plus a basement and open porch.
Where is this apartment building located?
The property is located at 82 Maple Avenue New London, CT.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 12‑unit apartment building on approximately 0.34 acres (14,810 SF); Approximately 8,732 SF of building area and 10,555 SF gross area; Eight units renovated and/or in good condition; one under renovation
More about this property
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