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28 Ocean Avenue, New London, CT 06320

Multi-Family For Sale · 2 Family

$525,000
$242/sqft
28 Ocean Avenue, New London, CT
Active
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7
Bedrooms
3
Bathrooms
2,170
Sq Ft
0.09
Acres
1883
Year Built

About This Home

Turnkey 2-family investment in New London - currently tenant-occupied and cash-flowing from day one. This 1883-built property offers 2,170 sq ft across two units with 4 bedrooms and 3 full baths total, each unit featuring an updated kitchen with stainless steel appliances and its own layout for easy tenant turnover. Low annual taxes (approx. $3,574) and efficient natural gas forced hot water heat keep operating costs down, while off-street parking adds tenant appeal in a dense coastal neighborhood. Set minutes from New London's waterfront, marinas, downtown shops and restaurants, Amtrak/Shore Line East rail, and major regional employers including the Naval Submarine Base and U.S. Coast Guard Academy - a location that consistently drives strong, steady rental demand. Outdoor space includes a fenced, tree-shaded backyard and deck, adding value beyond the units themselves. Whether you're expanding a rental portfolio or purchasing as an owner-occupant to offset your mortgage with in-place tenant income, this well-located multi-family delivers immediate returns with long-term upside in a growing waterfront market. Schedule your showing today and see the numbers for yourself.

Listed by Chaz Koch (860) 575-4962 with William Raveis Real Estate (203) 453-0391

Listing Snapshot

Price $525,000 Days on Our Site 1 days
Property Tax $3,574/yr Style Units on different Floors
Year Built 1883 Total Sq Ft 2,170
Lot Size 0.09 acres HOA Fees N/A
Bedrooms 7 Full Bathrooms 3
Total Rooms 11 Half Baths 0

Structure & Parking

Construction Frame
Roof Asphalt Shingle

Systems & Utilities

Heat Baseboard
Fuel Natural Gas
Cooling Window Unit
Hot Water Natural Gas, Domestic
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Per Board of Ed
High Per Board of Ed

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $298/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Sep 14, 2026 Listed $525,000

Frequently Asked Questions

How much does 28 Ocean Avenue in New London, CT cost?
This property is listed at $525,000, which works out to $242 per square foot.
How many bedrooms does 28 Ocean Avenue have?
This home has 7 bedrooms and 3 bathrooms.
What is the square footage of 28 Ocean Avenue?
The home is 2,170 square feet, situated on 0.09 acres.
When was 28 Ocean Avenue in New London built?
This property was built in 1883.
Is 28 Ocean Avenue, New London, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 28 Ocean Avenue, New London in?
This home is served by the New London public school system, with Per Board of Ed as the elementary school and Per Board of Ed as the high school.
How do I schedule a tour of 28 Ocean Avenue, New London, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Chaz Koch · (860) 575-4962

William Raveis Real Estate · (203) 453-0391

MLS# 24205317 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Sep 14, 2026 6:19 PM UTC