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Coldwell Banker Realty
60 Ocean Ave, New London, CT 06320
- $354,250
- 4
- BD
- 3
- BA
- 1,911
- SqFt
- Sold Price
- $354,250
- List Price
- $350,000
- Status
- CLOSED
- MLS#
- 24158716
- Closing Date
- Jul 09, 2026
- Year Built
- 1900
- Bedrooms
- 4
- Bathrooms
- 3
- Acres
- 0.11
- Living Area
- 1,911
- Neighborhood
- N/A
Property Description
A solid income-producing opportunity in the heart of New London. This well-maintained two-unit multifamily, built in 1900, offers nearly 1,900 square feet of living space across two separately occupied units with meaningful upside potential. The first-floor unit features a long-term, stable tenant on a month-to-month lease at below-market rent, presenting an immediate opportunity to increase cash flow through a lease renewal at current market values. The second-floor unit is leased through October 2026, providing short-term income certainty while you plan your next move. Both units offer spacious layouts, updated kitchens, and generous storage, including a finished walk-up attic. Situated in the Ocean Beach neighborhood, the property sits within walking distance of Ocean Beach Park, Mitchell College, Lawrence and Memorial Hospital, Downtown New London's Bank Street dining and shopping corridor, and the Cross Sound Ferry. Off-street parking and on-site laundry add everyday convenience for tenants. Whether you're a seasoned investor looking to optimize an existing portfolio or just ready to step into immediate cash flow, 60 Ocean Ave checks the boxes. With below-market rents on the first floor and a fixed lease in place upstairs, this property is positioned to grow.
Additional Information
- Taxes
- $3,550
- Lot Size
- 4,791
- Heating
- Steam
- Cooling System Type
- Ductless Mini-Split, Wall Units
- Water Source
- Public
- Basement
- Full, Unfinished
- Exterior Features
- Porch
- Garage Spaces
- 1
- Parking Spaces
- 4
- Elementary School
- Per Board of Ed
- High School
- New London
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Listing courtesy of Chaz Koch from William Raveis Real Estate. (860) 575-4962 (203) 453-0391
Selling Office: Leaf Realty Group, LLC.The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc.