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    New London, CT Residential Income Properties for Sale

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    Renovated Six-Unit Apartment Building
    Updated: Sep 7
    Renovated Six-Unit Apartment Building

    119 Lincoln Avenue, New London, CT 06320

    $899,900
    4,134 sqft 0.30 AC lot
    Six renovated one‑bedroom units, all fully occupied
    4,134 square feet on a 0.3‑acre lot
    Dedicated off‑street parking space for each unit
    Shared deck and backyard
    R‑2 zoning with public water and public sewer
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    Occupied 4-Unit Quadplex
    Updated: Sep 22
    Occupied 4-Unit Quadplex

    88 Riverview Avenue, New London, CT 06320

    $725,000
    3,168 sqft 0.23 AC lot
    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
    On‑site coin‑operated laundry
    Tenants pay their own heat, hot water, and electricity
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    Dental-Anchored Mixed-Use Property
    Dental-Anchored Mixed-Use Property

    27 Broad Street, New London, CT 06320

    $849,000
    5,510 sqft 0.31 AC lot

    Fully leased five-unit building combines a commercial occupant with four residential apartments in downtown New London.

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    Renovated 12-Unit Apartment Building
    Renovated 12-Unit Apartment Building

    82 Maple Avenue, New London, CT 06320

    $1,700,000
    8,732 sqft 0.34 AC lot

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

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    Renovated Three-Family Triplex
    Renovated Three-Family Triplex

    198 Montauk Avenue, New London, CT 06320

    $715,000
    2,369 sqft 0.17 AC lot

    Three-family property with updated kitchens, baths, mechanical systems, laundry facilities, and off-street parking.

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    3-Unit Triplex
    3-Unit Triplex

    35 Linden Street, New London, CT 06320

    $600,000
    4,220 sqft 0.11 AC lot

    Three separate utilities support independent management across the residential units.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    93 Squire & 0 Moran Street, New London, CT 06320

    $550,000
    2,516 sqft 0.24 AC lot

    Two three-bedroom units feature updated kitchens, separate utilities, and flexible interior space.

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    15-Room Apartment Building
    15-Room Apartment Building

    35 Linden St, New London, CT 06320

    $675,000
    4,220 sqft

    Three-floor configuration provides separate kitchens, bathrooms, heating systems, and electrical panels for each level.

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    Three-Unit Multifamily Building
    Three-Unit Multifamily Building

    20 Reed Street, New London, CT 06320

    $325,000
    3,134 sqft 0.14 AC lot

    C-1-zoned property with a detached two-car garage, off-street parking, and public utilities.

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    Quadplex with Three-Car Garage
    Quadplex with Three-Car Garage

    New London, CT 06320

    $825,000
    2,568 sqft 0.11 AC lot

    Four occupied apartments include coin-operated laundry and a three-car garage.

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    Mixed-Use Building with Dental Tenant
    Mixed-Use Building with Dental Tenant

    27 Broad Street, New London, CT 06320

    $849,000
    5,510 sqft

    Five-unit Victorian brick building with a ground-floor dental practice and four residential units, fully occupied.

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    Mixed-Use Waterfront Building
    Mixed-Use Waterfront Building

    90-94 Bank St, New London, CT 06320

    $1,798,000
    12,311 sqft

    Three-story mixed-use property offers apartments plus retail storefronts and an industrial/flex unit in a waterfront district.

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    4-Unit Multifamily Property
    4-Unit Multifamily Property

    88 Riverview Ave, New London, CT 06320

    $725,000
    3,168 sqft

    All four residences are occupied, and on-site coin laundry provides an additional income stream.

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    Three-Unit Townhouse-Style Property
    Three-Unit Townhouse-Style Property

    49 Chappell St, New London, CT 06320

    $595,000
    5,000 sqft

    Residential income property features three townhouse-like rentals plus a separate single-family home.

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    Fully Leased Mixed-Use Building
    Fully Leased Mixed-Use Building

    147 Bank St, New London, CT 06320

    $1,350,000
    8,701 sqft

    Fully leased downtown New London building with ground-floor commercial space and apartments on the upper floors.

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    Mixed-Use Building with Passenger Elevator
    Mixed-Use Building with Passenger Elevator

    12 Masonic St, New London, CT 06320

    $2,175,000
    20,948 sqft

    Mixed-use building combining first-floor retail/office space, upper office suites, and four recently converted apartments.

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    Renovated Three-Unit Triplex
    Renovated Three-Unit Triplex

    198 Montauk Avenue, New London, CT 06320

    $715,000
    2,369 sqft

    Updated three-family property with separate utilities, on-site laundry, and off-street parking.

    View details
    Mixed-Use Building with Retail and Apartments
    Mixed-Use Building with Retail and Apartments

    153 Bank St, New London, CT 06320

    $1,725,000
    17,378 sqft

    A 3-story mixed-use building combining ground-floor retail units with apartments above in downtown New London.

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    Mixed-Use Building with Parking
    Mixed-Use Building with Parking

    623-625 Bank St, New London, CT 06320

    $540,000
    4,688 sqft 0.12 AC lot

    Multi-story property combining a commercial unit with three residential apartments and off-street parking.

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    Historic Mixed-Use Apartment & Retail Building
    Historic Mixed-Use Apartment & Retail Building

    35 Union Street, New London, CT 06320

    $13,000,000
    75,075 sqft

    Converted from a 1872 hotel, it combines apartments, ground-floor retail, and a restored ballroom in one owned property.

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    Updated Two-Family Duplex
    Updated Two-Family Duplex

    93 Squire & 0 Moran Street, New London, CT 06320

    $550,000
    2,516 sqft

    Two three-bedroom units feature separate utilities, updated kitchens, and flexible attic space.

    View details
    Duplex with Nearly Finished Basement
    Duplex with Nearly Finished Basement

    89 Hempstead Street, New London, CT 06320

    $339,900
    1,330 sqft

    The property carries R-3 zoning and includes ductless heating.

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    Three-Property Multifamily Portfolio
    Three-Property Multifamily Portfolio

    373-387 Jefferson Ave, New London, CT 06320

    $730,000
    3,482 sqft

    Portfolio includes three residential properties, with two currently tenant occupied.

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    Renovated Mixed-Use Property
    Renovated Mixed-Use Property

    90 Bank Street, New London, CT 06320

    Contact for pricing
    12,311 sqft

    Eight apartments are combined with two retail storefronts and an industrial/flex space in a waterfront setting.

    View details
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    New London, CT Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in New London, CT, showcased through 32 active listings on our real estate platform. These investment opportunities span a total of 232,972 square feet of properties for sale, with an estimated market value of $36,127,700.

    Sale prices for residential investment properties in New London, CT start at $279,000, averaging $1,204,256, and reaching up to $13,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 37
    Apartment buildings 14
    Duplexes 8
    Quadplexes 6
    Triplexes 6

    Demographics Overview

    Population 27K
    Population Growth (5Y) +0.7%
    Median Household Income $60,224
    College Educated 41.7%

    High-Yield Neighborhoods for Investment

    Identify New London submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    06320 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 3.72%
    Property Tax per SF $25.71 per SF
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in New London fall within the 10,000 to 25,000 square foot range.

    How Realmo verifies these figures

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