60 Ocean Avenue, New London, CT 06320
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60 Ocean Avenue, New London, CT 06320
60 Ocean Avenue, New London, CT 06320
60 Ocean Avenue, New London, CT 06320
60 Ocean Avenue, New London, CT 06320
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Oriel Hayer

Oriel Hayer

+1(860) 237-6545
$ 350,000
Est. payment /mo
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Under Contract

60 Ocean Avenue New London, CT 06320

4 Beds

3 Baths

1,911 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 1,911 sqft

Price per Sqft $183

MLS Listing ID 24158716

Style Units on different Floors

Bedrooms 4

Full Baths 3

Year Built 1900

Annual Tax Amount $3,550

Lot Size 4,791 Sqft

Property Sub-Type 2 Family

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.

Location

State CT

County New London

Zoning R-2

Rooms

Basement Full, Unfinished

Interior

Heating Steam

Cooling Split System, Wall Unit

Exterior

Exterior Feature Porch

Parking Features Detached Garage, Driveway

Garage Spaces 1.0

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Foundation Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools New London

Listed by Chaz Koch • William Raveis Real Estate

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Oriel Hayer
Oriel Hayer

Agent | License ID: RES.0827300

+1(860) 237-6545

531 Broad St, New London, CT, 06320-2517, USA

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60 Ocean Avenue