About This Home

This 6-bedroom, 6-bathroom residential multi family at 119 Lincoln Avenue in New London, CT is listed for $899,900 ($218 per sqft). Built in 1975, the home offers 4,134 sqft of living space on a 0.30 acres lot.

Key Features

  • Built in 1975
  • 0.30 acre lot
  • 6 parking spaces

Property Details

6 full
6 spaces
1975

Amenities

A/C
Listing Description

What if your next investment started generating income on day one? Welcome to 119-121 Lincoln Avenue, a turnkey six-unit property offering immediate income without the burden of renovations or establishing occupancy. All six one-bedroom units have been renovated and are fully occupied, allowing the next owner to step into an established, income-producing asset from day one.

Each unit includes a dedicated off-street parking space, while tenants also enjoy access to a shared deck and spacious backyard. Conveniently located near Electric Boat, the Naval Submarine Base, casinos, hospitals, and other major regional employers, the property is well positioned within New London's growing rental market.

The work has been completed, the tenants are in place, and the income is already flowing. Current gross annual income and operating expenses are available upon request. Six renovated units. One turnkey investment. A compelling opportunity in thriving New London, Connecticut.

Monthly Cost Estimate

$4,813/mo

20% down · 6.5% · 30 years

Principal$651
Interest$3,900
Insurance$262

Estimates only. Actual payments may vary.

Location

119 Lincoln Avenue

New London, CT 06320

Features & Amenities

Exterior Features

Deck,Lighting

Property Details

Outdoor Features

Deck

Heating

BaseboardHot Water(Heating)

Cooling

Window Unit(s)

Questions & Answers

This 6-bedroom, 6-bathroom residential multi family at 119 Lincoln Avenue is listed at $899,900 ($218/sqft). The estimated monthly payment is $4,812 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1975, 0.30 acre lot, 6 parking spaces. Exterior Features: Deck,Lighting.

This property is listed by Valerie Levin.

VL

Valerie Levin

Agent at Shutters & Sails, LLC

Listed by Shutters & Sails, LLC · Broker phone: 8603311510 · View on Broker Site · Broker website

MLS# 24203018· Source: SmartMLS, Inc.· 55 days on PropertySimple

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

119 Lincoln Avenue, New London, CT 06320

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