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.
For sale
$725,000
88 Riverview Avenue, New London, CT 06320
6beds
3,168sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$229/sqft
$-- HOA
What's special
On-site coin-operated laundryCorner lotBeautiful corner lot
- 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#: 24202717
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
| Date | Event | Price |
|---|---|---|
| 9/22/2026 | Listed for sale | $725,000+98.6%$229/sqft |
Source: | ||
| 8/13/2026 | Listing removed | $1,450 |
Source: Smart MLS #24194115 Report a problem | ||
| 7/28/2026 | Listed for rent | $1,450+5.5% |
Source: Smart MLS #24194115 Report a problem | ||
| 3/12/2026 | Listing removed | $1,375 |
Source: Smart MLS #24144284 Report a problem | ||
| 1/15/2026 | Price change | $1,375-5.2% |
Source: Smart MLS #24144284 Report a problem | ||
| 1/4/2026 | Price change | $1,450-3% |
Source: Smart MLS #24144284 Report a problem | ||
| 12/10/2025 | Listed for rent | $1,495 |
Source: Smart MLS #24144284 Report a problem | ||
| 12/20/2021 | Sold | $365,000+1.4%$115/sqft |
Source: | ||
| 12/17/2021 | Contingent | $359,900$114/sqft |
Source: | ||
| 10/8/2021 | Listed for sale | $359,900+53.2%$114/sqft |
Source: | ||
| 11/15/2014 | Listing removed | $234,900$74/sqft |
Source: Baxter Realty #E278011 Report a problem | ||
| 7/17/2014 | Listed for sale | $234,900-65.2%$74/sqft |
Source: Baxter Realty #E278011 Report a problem | ||
| 10/18/2013 | Listing removed | $675,000$213/sqft |
Source: Niantic - Weichert Realtors - Suburban Properties #M9139536 Report a problem | ||
| 3/23/2013 | Price change | $675,000+159.7%$213/sqft |
Source: Weichert REALTORS Suburban Properties #M9139536 Report a problem | ||
| 12/23/2012 | Listed for sale | $259,900+4.4%$82/sqft |
Source: Baxter Realty #E263000 Report a problem | ||
| 6/13/2012 | Listed for sale | $249,000+187.4%$79/sqft |
Source: Listhub #M9135131 Report a problem | ||
| 9/24/2008 | Sold | $86,627$27/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.





