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Listed price in listed location currency (USD).
$350,000

434

MLS® 24158716

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 1911 sqft
Garage Yes
Taxes $3,550
Days Active 0
Lot Size 0.11 acres
Approx. Age 1900
Avg. Price Per Sqft $183
MLS® Number 24158716

Property Address: 60 Ocean Ave, New London, CT, 06320-3414

Average square foot calculated using Size range provided by listing agent.

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 and is currently operating at a 6 percent market cap 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.
MLS® Number24158716
Laundry Level
Central VacNo
FireplaceNo
Acreage0.11
Exterior
GarageYes
Approx. Age1900
BasementFull, Unfinished
DrivewayDetached Garage, Driveway
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 13, 2026List Date
$350,000List Price
  • Commute

Commute

Starting Address
Destination Address
60 Ocean Ave, New London, CT

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