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Coldwell Banker Realty
119 Jefferson Ave, New London, CT 06320
- $312,299
- 5
- BD
- 3
- BA
- 2,904
- SqFt
- Sold Price
- $312,299
- List Price
- $285,000
- Status
- CLOSED
- MLS#
- 24158616
- Closing Date
- Jul 02, 2026
- Year Built
- 1890
- Bedrooms
- 5
- Bathrooms
- 3
- Acres
- 0.24
- Living Area
- 2,904
- Neighborhood
- N/A
Property Description
***Highest & Best Due by Wednesday 1pm!***Attention investors and contractors! Value-add 3-family opportunity located at 119 Jefferson Avenue with strong income potential and immediate cash flow. All three units are currently occupied with month-to-month tenants, offering flexibility for rent increases or future renovations. Current rents total approximately $3,700+ per month, with upside potential once improvements are completed. Property features a solid multi-unit layout and includes a huge driveway with ample off-street parking plus a detached one-car garage-a rare and valuable feature for tenants. Property requires significant updates, including heating system installation, siding replacement, roof evaluation, and cosmetic improvements throughout. Being sold strictly as-is. Ideal for cash buyers or rehab loan financing. This is a prime opportunity to reposition an income-producing asset in New London's active multifamily market. With the right renovations, this property offers strong cash flow and long-term appreciation potential. Conveniently located near major employers, Electric Boat, shopping, dining, and local amenities. Don't miss your chance to unlock the full potential of this multi-family investment!
Additional Information
- Taxes
- $3,862
- Lot Size
- 10,454
- Heating
- Gravity, Wall Furnace
- Cooling System Type
- None
- Water Source
- Public
- Basement
- Partial, Full, Full
- Exterior Features
- Balcony, Deck
- Garage Spaces
- 1
- Elementary School
- Per Board of Ed
- High School
- New London
Mortgage Calculator
Listing courtesy of Oriel Hayer from Real Broker CT, LLC. (860) 237-6545 (860) 884-9511
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