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For sale
  • $725,000

    88 Riverview Avenue, New London, CT 06320

    6beds
    3,168sqft
    : 
    $5,400/mo
    Get pre-qualified
    Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $229/sqft
    $-- HOA

    What's special

    On-site coin-operated laundryCorner lotBeautiful corner lot
    Turn-key 4-family investment opportunity with all four units currently occupied by clean, established, paying tenants. This property has been well maintained and offers an investor the opportunity to step into an income-producing property from day one. Situated on a beautiful corner lot and conveniently located near Electric Boat, the Naval Submarine Base, Lawrence + Memorial Hospital, shopping, highways, and other major area employers, this is a location that continues to benefit from strong rental demand. Tenants pay their own heat, hot water, and electricity, helping keep owner expenses down. On-site coin-operated laundry provides an additional source of income. With all four units rented and major employers nearby, this property offers a solid opportunity for an investor looking to add an established multi-family to their portfolio. Conveniently situated 10 minutes from Niantic & Groton, 25 minutes from Mystic, and 40 minutes from Hartford and the Rhode Island border. New London's central CT shoreline location is Midway between New York and Boston, offering easy access to Land, Rail, and Water transportation, and less than an hour to Major Airports. No trespassing. PLEASE DO NOT ENTER OR WALK THE PROPERTY WITHOUT A SCHEDULED APPOINTMENT. Property is fully occupied.
    30 days
    343
    23

    Zillow last checked:

    Listing updated:

    Listed by:

    Ferdinand J. Giacinto (860)912-0694,

    RE/MAX on the Bay 860-739-0888,

    Dawn Field 860-908-2512,

    RE/MAX on the Bay

    Source: Smart MLS,MLS#: 24202717MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Heating
      • Steam, Gas In Street
      Cooling
      • None
      Appliances
      • Included: Water Heater
      • Laundry: Coin Op Laundry, Common Area
      Features
      • Basement: Full,Unfinished,Storage Space,Walk-Out Access,Concrete
      • Attic: None
      • Has fireplace: No
      Interior area
      • Total structure area: 3,168
      • Total interior livable area: 3,168 sqft
      • Finished area above ground: 3,168

      Property

      Lot
      • Size: 10,018 Square Feet
      • Features: Corner Lot, Level, Sloped
      Details
      • Parcel number: 1998468
      • Zoning: R-2

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Units on different Floors
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Foundation: Masonry, Stone
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1900

      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: $229/sqft
      • Tax assessed value: $197,700
      • Annual tax amount: $5,358
      • Date on market: 9/22/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/22/2026Listed for sale$725,000+98.6%$229/sqft
        Source: Smart MLS #24202717 Report a problem
        8/13/2026Listing removed$1,450
        Source: Smart MLS #24194115 Report a problem
        7/28/2026Listed for rent$1,450+5.5%
        Source: Smart MLS #24194115 Report a problem
        3/12/2026Listing removed$1,375
        Source: Smart MLS #24144284 Report a problem
        1/15/2026Price change$1,375-5.2%
        Source: Smart MLS #24144284 Report a problem
        1/4/2026Price change$1,450-3%
        Source: Smart MLS #24144284 Report a problem
        12/10/2025Listed for rent$1,495
        Source: Smart MLS #24144284 Report a problem
        12/20/2021Sold$365,000+1.4%$115/sqft
        Source: Smart MLS #170443840 Report a problem
        12/17/2021Contingent$359,900$114/sqft
        Source: Smart MLS #170443840 Report a problem
        10/8/2021Listed for sale$359,900+53.2%$114/sqft
        Source: Smart MLS #170443840 Report a problem
        11/15/2014Listing removed$234,900$74/sqft
        Source: Baxter Realty #E278011 Report a problem
        7/17/2014Listed for sale$234,900-65.2%$74/sqft
        Source: Baxter Realty #E278011 Report a problem
        10/18/2013Listing removed$675,000$213/sqft
        Source: Niantic - Weichert Realtors - Suburban Properties #M9139536 Report a problem
        3/23/2013Price change$675,000+159.7%$213/sqft
        Source: Weichert REALTORS Suburban Properties #M9139536 Report a problem
        12/23/2012Listed for sale$259,900+4.4%$82/sqft
        Source: Baxter Realty #E263000 Report a problem
        6/13/2012Listed for sale$249,000+187.4%$79/sqft
        Source: Listhub #M9135131 Report a problem
        9/24/2008Sold$86,627$27/sqft
        Source: Smart MLS #N278716 Report a problem

        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 06320

        Getting around

        68 / 100
        Somewhat Walkable
        24 / 100
        Minimal Transit

        Nearby schools

        GreatSchools rating
        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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