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6 Beds
5 Baths
3,168 sqft

$725,000

88 Riverview Avenue, New London CT, 06320

Price per sqft$228.85
Built in1900
Property size3,168 sqft
Property typeMulti-family

Overview

Active

Listed Sep 22, 2026

Updated 2 weeks ago

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.

$4,823/mo

Est. mortgage payment based on a $725,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
24202717

Interior Features

Bedrooms
6
Bathrooms
5
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.23 Acres

Other Property Details

Taxes
$5,358
Tax Frequency
Annually
MLS provider logo

Listed by Ferdinand Giacinto with RE/MAX on the Bay (860) 912-0694

The IDX display contains information sourced from SmartMLS, Inc. as of 9/23/2026. This information is for personal, non-commercial use only and may not be used for any purpose other than identifying properties the viewer may be interested in purchasing. MLS data is generally considered reliable but is not guaranteed accurate by the MLS. Buyers are responsible for verifying all information and should conduct their own investigation or consult a professional. Some MLS data may have been provided by sources other than the listing agent. Unless stated in writing, the Broker/Agent has not verified information obtained from outside sources. The Broker/Agent may or may not have been the listing and/or selling agent, and cannot guarantee the accuracy of any property location shown on a map. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 9/23/2026 at 5:39 AM UTC.

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