4-Unit Multifamily
New
For Sale
$725,000
88 Riverview Ave, New London, CT 06320
All four residences are occupied, and on-site coin laundry provides an additional income stream.
Property Size3,168 SF
Price / SF$228.85
Days on Market7
Property Features for 88 Riverview Ave
General Information
Standard status
Active
Size
3,168 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Amenities
on-site coin-operated laundry
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
RE/MAX on the Bay
Listed By:
Ferdinand J. Giacinto (860) 912-0694 (860) 739-0888 · License #RES.0257400
(860) 912-0694
Source:
Ctshorelinehomesforsale
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 26 at 7:36AM
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
Investment Insights
Based on property information with market context.
Built in 1900, this 3,168-square-foot multifamily property contains four units, all currently occupied. Residents pay their own heat, hot water, and electricity. A coin-operated laundry facility on site adds another income source, and the building sits on a corner lot.
The property is in New London near Electric Boat, the Naval Submarine Base, Lawrence + Memorial Hospital, shopping, highways, and other major employers. Niantic and Groton are each described as 10 minutes away; Mystic is 25 minutes away. Hartford and the Rhode Island border are listed as 40 minutes away.
The property is in New London near Electric Boat, the Naval Submarine Base, Lawrence + Memorial Hospital, shopping, highways, and other major employers. Niantic and Groton are each described as 10 minutes away; Mystic is 25 minutes away. Hartford and the Rhode Island border are listed as 40 minutes away.
Key Highlights
- Four units, all currently occupied
- 3,168‑square‑foot multifamily property built in 1900
- On‑site coin‑operated laundry
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, and on-site coin laundry provides an additional income stream.
Where is this quadplex located?
The property is located at 88 Riverview Ave New London, CT.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four units, all currently occupied; 3,168‑square‑foot multifamily property built in 1900; On‑site coin‑operated laundry
