Sold for $850,000

$850,000

171 Garfield Avenue, New London, CT 06320

15beds

6,385sqft

Multi Family

Built in 1875

-- sqft lot

$942,300 Zestimate^®

$133/sqft

$1,402 Estimated rent

Home value

$942,300

$829,000 - $1.07M

$1,402/mo

Zestimate^® history

Owner options

List your home for rent

$1,402/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$1,402/mo

Rent Zestimate^®

Refinance and save

$5,702/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$5,702/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Baseboard heatingNatural gas water heating

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

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

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 & HOA

Community

Features: Medical Facilities, Public Rec Facilities, Near Public Transport, Shopping/Mall

HOA

Has HOA: No

Location

Region: New London

Financial & listing details

Price per square foot: $133/sqft
Tax assessed value: $406,700
Annual tax amount: $11,184
Date on market: 7/2/2024

Price history

Date	Event	Price
1/9/2025	Sold	$850,000-8.1%$133/sqft
Source: Smart MLS #24029747 Report a problem
10/30/2024	Pending sale	$925,000$145/sqft
Source: Smart MLS #24029747 Report a problem
7/2/2024	Listed for sale	$925,000$145/sqft
Source: Smart MLS #24029747 Report a problem