What if your next investment started generating income on day one? Welcome to 119-121 Lincoln Avenue, a turnkey six-unit property offering immediate income without the burden of renovations or establishing occupancy. All six one-bedroom units have been renovated and are fully occupied, allowing the next owner to step into an established, income-producing asset from day one. Each unit includes a dedicated off-street parking space, while tenants also enjoy access to a shared deck and spacious backyard. Conveniently located near Electric Boat, the Naval Submarine Base, casinos, hospitals, and other major regional employers, the property is well positioned within New London's growing rental market. The work has been completed, the tenants are in place, and the income is already flowing. Current gross annual income and operating expenses are available upon request. Six renovated units. One turnkey investment. A compelling opportunity in thriving New London, Connecticut.
Accepting backups
$949,900
119 Lincoln Avenue, New London, CT 06320
6beds
4,134sqft
Multi Family
Built in 1975
-- sqft lot
$-- Zestimate®
$230/sqft
$-- HOA
What's special
Shared deckDedicated off-street parking spaceSix renovated unitsSpacious backyard
- 31 days
- 269
- 10
Zillow last checked:
Listing updated:
Listed by:
Gold Anchor Team of Century21 Shutters & Sails,
Valerie Levin (860)980-1278,
CENTURY 21 Shutters & Sails 860-331-1510
Source: Smart MLS,MLS#: 24203018
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard, Hot Water, Oil
Cooling
- Window Unit(s)
Appliances
- Included: Water Heater
- Laundry: None
Features
- Basement: None
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 4,134
- Total interior livable area: 4,134 sqft
- Finished area above ground: 4,134
Property
Parking
- Total spaces: 6
- Parking features: Off Street
Features
- Patio & porch: Deck
- Exterior features: Lighting
Lot
- Size: 0.3 Acres
- Features: Corner Lot, Level
Details
- Parcel number: 2000989
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Other
- Foundation: Concrete Perimeter, Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: New London
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $280,200
- Annual tax amount: $7,593
- Date on market: 9/7/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/7/2026 | Listed for sale | $949,900$230/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 06320
Nearby schools
Schools provided by the listing agent
- High: New London
Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





