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Sold for $850,000 on 01/09/25
  • $850,000

    171 Garfield Avenue, New London, CT 06320

    15beds
    6,385sqft
    Multi Family
    Built in 1875
    -- sqft lot
    $911,800 Zestimate®
    $133/sqft
    $1,511 Estimated rent

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    What's special

    Discover an exceptional investment opportunity with this historic eight-unit apartment building at 171 Garfield Ave, New London. Built in 1875 and renovated in 2003, this property blends timeless charm with modern amenities. Located in a prime area, it offers easy access to medical facilities, shopping, and public transportation. Each unit features modern conveniences, including baseboard heating and natural gas water heating. Managed by Blue Rock Property Group, the building is well-maintained and currently generates $9,400 monthly rent, with potential to increase to $11,500. With a low vacancy rate and strong rental market, this property is a lucrative addition to any investment portfolio

    Zillow last checked: 8 hours ago

    Listing updated: January 14, 2025 at 07:06am

    Listed by:

    Andrew O'Reilly 860-608-5065,

    Seaport Real Estate Services 860-245-9200,

    Tim Bray 860-912-7137,

    Seaport Real Estate Services

    Bought with:

    Andrew O'Reilly, RES.0818563

    Seaport Real Estate Services

    Dan Liese

    Seaport Real Estate Services

    Source: Smart MLS,MLS#: 24029747MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 10
    • Full bathrooms: 9
    • 1/2 bathrooms: 1
    Heating
    • Baseboard, Electric, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Water Heater
    • Laundry: None
    Features
    • Basement: Full
    • Attic: None
    • Has fireplace: No
    Interior area
    • Total structure area: 6,385
    • Total interior livable area: 6,385 sqft
    • Finished area above ground: 6,385

    Property

    Parking
    • Parking features: None
    Lot
    • Size: 0.53 Acres
    • Features: Level
    Details
    • Parcel number: 2000536
    • Zoning: R-2

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors,Other
    • Property subtype: Multi Family
    Materials
    • Asbestos
    • Foundation: Concrete Perimeter, Stone
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1875

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Medical Facilities, Public Rec Facilities, Near Public Transport, Shopping/Mall
    Location
    • Region: New London
    Sell with ease on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $911,800
    2% more+$18,236
    With Zillow Showcase(estimated)$930,036