Introducing an exceptional investment opportunity in the heart of growing New London! This expansive three-floor apartment building comes complete with a detached two-bay garage, providing convenience and additional rental potential. With long-term tenants already in place, enjoy the peace of mind of consistent rental income with fabulous returns. The property features updated siding, windows, roof, and furnaces, ensuring minimal maintenance and maximizing profitability for savvy investors. Nestled in a thriving area primed for growth, this property promises not only immediate financial rewards but also long-term appreciation potential. Don't miss out on the chance to secure your foothold in New London's burgeoning real estate market. Seize this rare opportunity to capitalize on the booming rental market – schedule a viewing today and take the first step towards a lucrative investment!
Sold for $370,000
$370,000
245 Montauk Avenue, New London, CT 06320
6beds
2,388sqft
Multi Family
Built in 1910
-- sqft lot
$458,100 Zestimate®
$155/sqft
$2,208 Estimated rent
Home value
$458,100
$435,000 - $486,000
$2,208/mo
Zestimate® history
Owner options
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$2,208/mo
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$2,208/mo
Rent Zestimate®
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$2,552/mo
Est. payment
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$2,552/mo
Est. payment
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List your homeWhat's special
Updated siding
Zillow last checked:
Listing updated:
Listed by:
Joe Malerba 860-912-7315,
eXp Realty 866-828-3951
Bought with:
Kathryn A. O'leary
Eastern Connecticut Association of REALTORS Inc.
Source: Smart MLS,MLS#: 24001390
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Water Heater, Tankless Water Heater
- Laundry: In Basement
Features
- Windows: Thermopane Windows
- Basement: Full
- Attic: Finished,Walk-up
- Has fireplace: No
Interior area
- Total structure area: 2,388
- Total interior livable area: 2,388 sqft
- Finished area above ground: 2,388
Property
Parking
- Total spaces: 6
- Parking features: Detached, Paved, Driveway, Private
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
- Exterior features: Garden
- Has view: Yes
- View description: City, Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 1998136
- Zoning: multifamily
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Masonry
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Windows
Community & HOA
HOA
- Has HOA: No
Location
- Region: New London
Financial & listing details
- Price per square foot: $155/sqft
- Tax assessed value: $109,970
- Annual tax amount: $4,095
- Date on market: 4/24/2024
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2024 | Sold | $370,000+5.7%$155/sqft |
Source:  Smart MLS #24001390 Report a problem | ||
| 3/11/2024 | Pending sale | $350,000$147/sqft |
Source: Smart MLS #24001390 Report a problem | ||
| 3/4/2024 | Listed for sale | $350,000+40%$147/sqft |
Source: Smart MLS #24001390 Report a problem | ||
| 4/18/2023 | Sold | $250,000$105/sqft |
Source: Smart MLS #170498791 Report a problem | ||
| 3/20/2023 | Contingent | $250,000$105/sqft |
Source: Smart MLS #170498791 Report a problem | ||
| 3/16/2023 | Price change | $250,000-10.7%$105/sqft |
Source: Smart MLS #170498791 Report a problem | ||
| 12/2/2022 | Price change | $280,000-6.7%$117/sqft |
Source: Smart MLS #170498791 Report a problem | ||
| 6/16/2022 | Listed for sale | $300,000+166.9%$126/sqft |
Source: Smart MLS #170498791 Report a problem | ||
| 12/1/2018 | Sold | $112,409+2.3%$47/sqft |
Source: Agent Provided Report a problem | ||
| 8/27/2018 | Listed for sale | $109,900-46.4%$46/sqft |
Source: Weichert Realtors Suburban Pro #170119405 Report a problem | ||
| 4/30/2012 | Listing removed | $204,900$86/sqft |
Source: WEICHERT REALTORS - Mystic #33628641 Report a problem | ||
| 5/19/2011 | Price change | $204,900-6.9%$86/sqft |
Source: Weichert Realtors #M9127103 Report a problem | ||
| 3/28/2011 | Listed for sale | $220,000+223.5%$92/sqft |
Source: Listhub #M9127103 Report a problem | ||
| 12/21/1993 | Sold | $68,000$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,844 -1.1% | $178,100 |
| 2024 | $4,898 +19.6% | $178,100 +62% |
| 2023 | $4,095 -0.2% | $109,970 |
| 2022 | $4,103 -1.7% | $109,970 |
| 2021 | $4,173 -0.6% | $109,970 |
| 2020 | $4,200 -4.3% | $109,970 |
| 2019 | $4,388 +7.2% | $109,970 +17.5% |
| 2018 | $4,094 -1.2% | $93,590 |
| 2017 | $4,142 +9.4% | $93,590 |
| 2016 | $3,787 +2.5% | $93,590 |
| 2015 | $3,696 +15.2% | $93,590 |
| 2014 | $3,207 -18.8% | $93,590 -34.8% |
| 2013 | $3,948 +8.6% | $143,570 |
| 2012 | $3,634 | $143,570 |
| 2011 | $3,634 | $143,570 |
| 2010 | $3,634 -0.7% | $143,570 |
| 2009 | $3,660 -7.9% | $143,570 +11.6% |
| 2008 | $3,974 +1.4% | $128,660 |
| 2007 | $3,918 +1.7% | $128,660 |
| 2006 | $3,851 +4.6% | $128,660 |
| 2005 | $3,681 +7.3% | $128,660 |
| 2004 | $3,429 -11.9% | $128,660 +17% |
| 2003 | $3,893 +71.8% | $109,970 +60.1% |
| 2001 | $2,266 | $68,670 |
Find assessor info on the county website
Neighborhood: 06320
Nearby homes
- $333,9003 bd1 ba1.2k sqft10 Alger Pl, New London, CT 06320Off Market
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Nearby schools
GreatSchools rating
- NAHarbor SchoolGrades: K-5Distance: 0.4 mi
- 3/10Bennie Dover Jackson Middle SchoolGrades: 5-8Distance: 1.2 mi
- 4/10New London Visual and Performing Arts Magnet SchoolGrades: 6-12Distance: 1.2 mi
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.
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- Connecticut
- New London County
- New London
- 06320
- 245 Montauk Avenue
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