Exceptional investment opportunity in a prime New London location-this well-maintained, income-producing two-family home offers strong rental potential, a partially finished basement apartment, and significant recent upgrades including new electrical throughout and brand-new boilers. The spacious first-floor unit features four bedrooms and three full bathrooms, hardwood flooring, a classic stone fireplace, and a large living room filled with natural light. Tenants will enjoy access to a beautiful front porch offering exceptional water views-an appealing feature for long-term or short-term renters. The second-floor unit includes two bedrooms, one bathroom, another stone fireplace, and hardwood floors throughout, providing a warm and comfortable living space. The lower level includes a partially finished apartment, presenting additional income potential or flexibility for extended tenant use. Situated on a generous 0.40-acre lot, the property includes an antique potting shed and a detached five-car garage-ideal for tenant storage, workshop space, or additional rental income. Location, versatility, and key mechanical upgrades, this multi-family property is a valuable addition to any investor's portfolio. Don't miss this outstanding opportunity. Proximity to key institutions such as the U.S. Coast Guard Academy, Connecticut College, and Pfizer supports consistent occupancy and long-term investment stability.
Under contract
$599,925
209 Pequot Avenue, New London, CT 06320
6beds
2,190sqft
Est.:
Multi Family
Built in 1880
-- sqft lot
$578,700 Zestimate®
$274/sqft
$-- HOA
What's special
Classic stone fireplaceBeautiful front porchExceptional water viewsDetached five-car garageHardwood flooringFour bedroomsTwo bedrooms
- 67 days
- on Zillow |
- 1,101 |
- 34 |
Zillow last checked: 7 hours ago
Listing updated: August 06, 2025 at 02:47pm
Listed by:
Jayson G. Kemp,
Five Stars Realty,
Maria Pirulli,
Five Stars Realty
Source: Smart MLS,MLS#: 24100879

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Tankless Water Heater
Features
- Basement: Full
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 2,190
- Total interior livable area: 2,190 sqft
- Finished area above ground: 2,190
Property
Parking
- Total spaces: 5
- Parking features: Detached, Off Street
- Garage spaces: 5
Features
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Waterfront, Ocean Front, Walk to Water
Lot
- Size: 0.4 Acres
- Features: Corner Lot
Details
- Parcel number: 1997867
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Basketball Court, Near Public Transport, Golf, Health Club, Medical Facilities, Park, Shopping/Mall
HOA
- Has HOA: No
Location
- Region: New London
Financial & listing details
- Price per square foot: $274/sqft
- Tax assessed value: $322,700
- Annual tax amount: $8,777
- Date on market: 6/3/2025
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