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New London, CT

Residential Income

New London, CT Residential Income Properties for Sale

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Waterford, CT Groton, CT Ledyard, CT East Lyme, CT Niantic, CT Montville, CT Stonington, CT Mystic, CT

13 properties

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Mixed-Use Five-Unit Brick Building

Updated: Jul 15

Mixed-Use Five-Unit Brick Building

27 Broad Street, New London, CT 06320

$899,000

5,510 sqft 0.31 AC lot

Five‑unit Victorian brick mixed‑use building (c. 1900) generating $111,281 gross annual income with stabilized NOI of $70,563
9.81% cap rate at the $899,000 asking price; proforma NOI of $88,233 at market rents
Ground‑floor dental practice tenant on a long‑term lease paying $4,423/month; four residential units above are fully occupied
Residential mix: two 2BR/1BA units and two 1BR/1BA units; all occupied with heat and hot water owner‑paid
Remodeled residential units include LVP flooring, updated kitchens, and stainless appliances (3 of 4 units)

Multi-Family Residential Income Property

Updated: Jun 29

Multi-Family Residential Income Property

49 Chappell Street, New London, CT 06320

$550,000

5,000 sqft 0.36 AC lot

Single‑family home plus an additional home with three townhouse‑like rentals
Three rental units: 1‑bedroom, 1‑bedroom (lower level), and a 2‑bedroom unit on two levels
Year built: 1950
Heating: natural gas; cooling: window unit(s)
Water source: public; sewer: public sewer

Two-Family Home With Adjacent Lot

Two-Family Home With Adjacent Lot

57 Garfield Avenue, New London, CT 06320

$350,000

2,244 sqft 0.20 AC lot

Two-family residence with tenant-occupied month-to-month leases and recent mechanical updates, plus an adjacent lot.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Mixed-Use Building in Downtown New London

Mixed-Use Building in Downtown New London

53-55 Bank St, New London, CT 06320

$1,625,000

10,636 sqft

Mixed-use property with commercial unit and apartments in downtown.

Mixed-Use Waterfront Building

Mixed-Use Waterfront Building

90-94 Bank St, New London, CT 06320

$1,900,000

12,311 sqft

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

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.

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.

Historic Mixed-Use Apartment & Retail Building

Historic Mixed-Use Apartment & Retail Building

35 Union St, 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.

Mixed-Use Building in Downtown

Mixed-Use Building in Downtown

53 Bank St, New London, CT 06320

$1,625,000

10,636 sqft

Mixed-use property with commercial space and apartments in downtown New London.

Three-Family with Hardwood Floors

Three-Family with Hardwood Floors

205 Crystal Ave, New London, CT 06320

$250,000

Three-family income property with hardwood floors, natural gas, and both on- and off-street parking.

Two-Family Duplex with Flex Space

Two-Family Duplex with Flex Space

96 Blinman St, New London, CT 06320

$350,000

Move-in-ready two-family duplex with separate utilities and flexible interior space for work, play, or home office use.

Downtown Commercial Building Ready Buildout

Downtown Commercial Building Ready Buildout

27 Bank Street, New London, CT 06320

$750,000

11,676 sqft 0.08 AC lot

Four-story, 11,656 SF commercial building with development opportunity.

Downtown Commercial Building Ready for Buildout

Downtown Commercial Building Ready for Buildout

27 Bank St, New London, CT 06320

$750,000

11,656 sqft

Four-story, 11,656 SF building with approvals for mixed-use development.

Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 13 Active listings in New London, CT, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Triplex with Seasonal Thames Views

Triplex with Seasonal Thames Views

59 School Street, Groton, CT 06340

$440,000

2,069 sqft 0.26 AC lot

Three-family income property with historic character, recent roof and boiler, and convenient Groton access to major employers.

Two-Family Residence with Waterview

Two-Family Residence with Waterview

23 Ridgewood Avenue, Waterford, CT 06385

$599,900

1,680 sqft 0.16 AC lot

Two-unit home features oil-fired steam heat and waterviews, with updates including siding, roofing, and boiler.

Two-Family Waterview Home

Two-Family Waterview Home

23 Ridgewood Avenue, Waterford, CT 06385

$599,900

1,680 sqft

A flexible two-unit property near Ocean and Waterford Beach with waterviews and recent updates for owner-occupants or investors.

Historic Three-Family Triplex Opportunity

Historic Three-Family Triplex Opportunity

59 School Street, Groton, CT 06340

$440,000

2,069 sqft

Three-family triplex with high ceilings, original character, and seasonal Thames River views, plus recent roof and boiler updates.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Approved Residential Subdivision Opportunity

Approved Residential Subdivision Opportunity

Briar Hill Road, Groton, CT 06340

$1,246,000

15.98 AC lot

Approved 14-lot residential subdivision in Groton, CT.

Mystic Dream Home Building Opportunity

Mystic Dream Home Building Opportunity

68 Mystic Meadow Lane, Groton, CT 06355

$164,900

1.79 AC lot

1.78-acre lot in Mystic, build your dream home!

Residential Lot in Stonington, CT

Residential Lot in Stonington, CT

Lantern Hill Road lot: 5, Stonington, CT 06355

$125,000

2.06 AC lot

2.06-acre residential lot with road frontage and available electric.

Expansive Land in Montville, CT

Expansive Land in Montville, CT

320 Maple Avenue, Montville, CT 06382

$297,000

55.85 AC lot

55+ acre land parcel in a peaceful, convenient location.

Off-Market Properties in New London, CT

Consider similar Off-Market properties in New London, CT. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (UNDER 5 UNITS)

45 Tilley St, New London, CT 06320-8001

Value Estimation by Request

3,944 sqft 0.09 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

17 Dow St, New London, CT 06320-3738

Value Estimation by Request

2,728 sqft 0.27 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

10 Mtn Ave, New London, CT 06320-5692

Value Estimation by Request

1,920 sqft 0.08 AC lot

144 Montauk Ave

APARTMENT HOUSE (UNDER 5 UNITS)

144 Montauk Ave, New London, CT 06320-4866

Value Estimation by Request

3,309 sqft 0.11 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

26 Sherman St, New London, CT 06320-4540

Value Estimation by Request

2,460 sqft 0.42 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

127 Squire St, New London, CT 06320-3420

Value Estimation by Request

3,872 sqft 0.19 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

14 Franklin St, New London, CT 06320-5964

Value Estimation by Request

2,804 sqft 0.08 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

40 Walden Ave, New London, CT 06320-3540

Value Estimation by Request

3,297 sqft 0.14 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

205 Shaw St, New London, CT 06320-5455

Value Estimation by Request

2,400 sqft 0.15 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

32 Channing St, New London, CT 06320-5702

Value Estimation by Request

4,442 sqft 0.26 AC lot

APARTMENT HOUSE (UNDER 5 UNITS)

36 Wausau Pl, New London, CT 06320-5675

Value Estimation by Request

2,444 sqft 0.08 AC lot

New London, CT Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in New London, CT, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 170,823 square feet of properties for sale, with an estimated market value of $24,524,000.

Sale prices for residential income properties in New London, CT start at $350,000, averaging $2,229,454, 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

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	$1.8M

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.

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