88 Riverview Avenue
New London, CT 06320
$725,000
Turn-key 4-family investment opportunity with all four units currently occupied by clean, established, paying tenants. This property has been well maintained and offers an investor the opportunity to step into an income-producing property from day one. Situated on a beautiful corner lot and conveniently located near Electric Boat, the Naval Submarine Base, Lawrence + Memorial Hospital, shopping, highways, and other major area employers, this is a location that continues to benefit from strong rental demand. Tenants pay their own heat, hot water, and electricity, helping keep owner expenses down. On-site coin-operated laundry provides an additional source of income. With all four units rented and major employers nearby, this property offers a solid opportunity for an investor looking to add an established multi-family to their portfolio. Conveniently situated 10 minutes from Niantic & Groton, 25 minutes from Mystic, and 40 minutes from Hartford and the Rhode Island border. New London's central CT shoreline location is Midway between New York and Boston, offering easy access to Land, Rail, and Water transportation, and less than an hour to Major Airports.
| Listing Id: | 24202717 |
|---|---|
| List Price: | $725,000 |
| Property Type: | Multi Family |
| Property Sub Type: | 4 Family |
| Status: | Active |
| Bank Owned Property: | No |
| Beds Total: | 6 |
| Baths Full: | 4 |
| Baths Half: | 1 |
| Living Area Sqft Per Public Record: | 3,168 |
| Property Tax: | $5,358 |
| Acres: | 0.23 |
| Style: | Units on different Floors |
| Direct Waterfront Yn: | No |
| City: | New London |
| County: | New London |
| Postal Code: | 06320 |
| Year Built: | 1900 |
| Total Number Of Units: | 4 |
| Acres Source: | Public Records |
| Agent Owner Yn: | No |
| Assessed Value: | $197,700 |
| Attic Yn: | No |
| Basement Description: | Yes |
| Basement Description: | Full,Unfinished,Storage,Walk-out,Concrete Floor |
| Baths Total: | 5 |
| Comp Only Manual Yn: | No |
| Cooling System: | None |
| Current Price: | $725,000.00 |
| Directions: | Willets Ave to Riverview Ave |
| Display Fair Market Value Yn: | No |
| Elementary School: | Per Board of Ed |
| Exterior Siding: | Vinyl Siding |
| Foundation Type: | Masonry, Stone |
| Heat Fuel Type: | Gas In Street |
| Heat Type: | Steam |
| High School: | New London |
| Home Owner's Assocation: | No |
| Hot Water Description: | Other |
| Laundry Room Info: | Coin Op Laundry, Common Laundry Area |
| Laundry Room Location: | Shared coin washer & dryer in basement |
| Listing Contract Date: | 2026-09-22 |
| Lot Description: | Corner Lot, Level Lot, Sloping Lot |
| Mil Rate Total: | $27.10 |
| Status: | Active |
| New Construction Type: | No/Resale |
| Occupied By: | Tenant |
| Original List Price: | $725,000 |
| Parcel Number: | 1998468 |
| Possession Availability: | Negotiable |
| Potential Short Sale: | No |
| Preferred Phone: | (860) 912-0694 |
| Price: | $725,000 |
| Remarks Public Addendum: | No trespassing. PLEASE DO NOT ENTER OR WALK THE PROPERTY WITHOUT A SCHEDULED APPOINTMENT. Property is fully occupied. |
| Roof Information: | Asphalt Shingle |
| Sewage System: | Public Sewer Connected |
| Sign Yn: | Yes |
| Sq Ft Est Heated Above Grade: | 3,168 |
| Sq Ft Total: | 3,168 |
| Swimming Pool Yn: | No |
| Tax Year: | July 2026-June 2027 |
| Total Rooms: | 18 |
| Total Rooms Multi Family: | 18 |
| Under Agreement Yn: | No |
| Waterfront Description: | Not Applicable |
| Water Source: | Public Water Connected |
| Year Built Source: | Public Records |
| Zoning: | R-2 |
Listing Courtesy of: RE/MAX on the Bay
Listing Agent: Ferdinand J Giacinto
(860) 912-0694
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Smart MLS Inc. data last updated on October 08, 2026 06:45 PM - ET
Property Last Updated: October 08, 2026 06:45 PM - ET