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
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
Owner options
What's special
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#: 24029747
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