Occupied 4-Unit
New
For Sale
$725,000
88 Riverview Avenue, New London, CT 06320
Multi-Family For Sale, Units on different Floors, New London, CT
Property Size3,168 SF
Lot Size0.23 Acres
Price / SF$228.85
Days on Market3
Property Features for 88 Riverview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 1, Bedroom 6, Basement, Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 5, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 3
Basement
Unfinished, Concrete, Full
Lot features
Corner Lot, Level Lot, Sloping Lot
Elementary school
Per Board of Ed
High school
New London
Directions
Willets Ave to Riverview Ave
Standard status
Active
Size
3,168 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
5358
Utilities
Sewer type
Public Sewer
Heating system
Steam
Water source
Public
Amenities
on-site coin-operated laundry
Building Details
Year built
1900
Architectural style
Other
Listing Agency:
RE/MAX on the Bay · RE/MAX International
(860) 739-0888
Listed By:
Ferdinand Giacinto · License #RES.0257400
(860) 912-0694
Added: Sep 22
Last Checked: Sep 24 at 7:06AM
MLS# 24202717
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4-unit quadplex contains 3,168 square feet on a 0.23-acre corner lot in New London. Built in 1900, the property is zoned R-2 and has been well maintained. Each apartment is occupied, while an on-site coin-operated laundry provides an additional property feature. Steam heat serves the building, and tenants pay their own heat, hot water, and electricity. Public water and public sewer are in place.
The property is near Electric Boat, the Naval Submarine Base, Lawrence + Memorial Hospital, shopping, highways, and other major area employers. It is approximately 10 minutes from Niantic and Groton, 25 minutes from Mystic, and 40 minutes from Hartford and the Rhode Island border. Showings require a scheduled appointment.
The property is near Electric Boat, the Naval Submarine Base, Lawrence + Memorial Hospital, shopping, highways, and other major area employers. It is approximately 10 minutes from Niantic and Groton, 25 minutes from Mystic, and 40 minutes from Hartford and the Rhode Island border. Showings require a scheduled appointment.
Key Highlights
- 4‑unit property with all apartments currently occupied
- 3,168 square feet on a 0.23‑acre corner lot
- R‑2 zoning in New London
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
Explore this area
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 - Every apartment is occupied, with on-site coin-operated laundry and tenant-paid heat, hot water, and electricity.
Where is this quadplex located?
The property is located at 88 Riverview Avenue 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: 4‑unit property with all apartments currently occupied; 3,168 square feet on a 0.23‑acre corner lot; R‑2 zoning in New London
