Investment opportunity in the heart of New London! This well-maintained 4-family property offers strong rental history with most tenants in place for over 10 years. Recent updates provide peace of mind, including exterior paint (2024), a 12-year-old roof, natural gas hot water heaters all 5 years old or newer, and a driveway just 5 years young. Additional income potential with convenient on-site coin-operated laundry. Located just minutes to downtown New London, Yale New Haven L&M Hospital, Mitchell College, and Electric Boat, this property is in a prime location for consistent occupancy. Whether you're a seasoned investor or just starting out, this is the type of property that checks all the boxes-stable tenants, updates already done, and excellent proximity to area employers and amenities. Don't wait-this one won't last long!
Sold for $479,000
$479,000
142 Montauk Avenue, New London, CT 06320
5beds
3,495sqft
Multi Family
Built in 1920
-- sqft lot
$500,100 Zestimate®
$137/sqft
$2,122 Estimated rent
Home value
$500,100
Estimated sales range
Not available
$2,122/mo
Zestimate® history
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$3,284/mo
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Exterior paint
Zillow last checked:
Listing updated:
Listed by:
Marilyn Lusher (860)460-9559,
RE/MAX Legends 860-451-8000
Bought with:
Marilyn Lusher, REB.0754324
RE/MAX Legends
Source: Smart MLS,MLS#: 24124535
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Steam, Electric, Gas In Street
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater, Water Heater
- Laundry: Coin Op Laundry
Features
- Basement: Full
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 3,495
- Total interior livable area: 3,495 sqft
- Finished area above ground: 3,495
Property
Parking
- Parking features: None
Features
- Patio & porch: Porch
- Has view: Yes
- View description: City
Lot
- Size: 7,405 Square Feet
Details
- Parcel number: 1998863
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Asbestos
- Foundation: Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Near Public Transport, Library, Medical Facilities, Park, Private School(s)
HOA
- Has HOA: No
Location
- Region: New London
Financial & listing details
- Price per square foot: $137/sqft
- Tax assessed value: $191,400
- Annual tax amount: $5,206
- Date on market: 9/5/2025
Price history
| Date | Event | Price |
|---|---|---|
| 12/10/2025 | Sold | $479,000-1.2%$137/sqft |
Source:  Smart MLS #24124535 Report a problem | ||
| 12/1/2025 | Pending sale | $485,000$139/sqft |
Source: Smart MLS #24124535 Report a problem | ||
| 10/1/2025 | Price change | $485,000-2.8%$139/sqft |
Source: Smart MLS #24124535 Report a problem | ||
| 9/5/2025 | Listed for sale | $499,000+433.7%$143/sqft |
Source: Smart MLS #24124535 Report a problem | ||
| 12/31/1997 | Sold | $93,500$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 06320
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Nearby schools
GreatSchools rating
- NAHarbor SchoolGrades: K-5Distance: 0.6 mi
- 3/10Bennie Dover Jackson Middle SchoolGrades: 5-8Distance: 1 mi
- 4/10New London Visual and Performing Arts Magnet SchoolGrades: 6-12Distance: 1 mi
Schools provided by the listing agent
- Middle: Dover Jackson
- 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.
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- Connecticut
- New London County
- New London
- 06320
- 142 Montauk Avenue
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