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30 Montauk Ave 30 Montauk Ave 6 Unit Apartment Building $850,000 ($141,667/Unit) 6.62% Cap Rate New London, CT 06320

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INVESTMENT HIGHLIGHTS

  • Access & Connectivity
  • Nearby Employment Hubs
  • Off-Street Parking & Amenities
  • Area Amenities & Demand Drivers
  • Value-Add Potential
  • Strong Rental Demographics & Demand

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 30 Montauk Avenue in New London, CT (the “Property”). The three-story building contains six (6) 2-Bedroom/1-Bathroom units with 6,264 square feet of gross living area and 9,025 square feet of gross area. The Property is situated upon a 0.10-acre parcel and offers off-street parking, as well as large units for tenants to enjoy spacious living. The Property is strategically located along one of New London’s primary thoroughfares, offering excellent visibility and convenient access to downtown, local amenities, and key transportation corridors. The property is just minutes from Interstate 95 and Route 32, providing seamless connectivity throughout southeastern Connecticut and to major employment hubs such as Groton, Norwich, and the broader New London County region. Nearby retail centers, medical facilities, higher education institutions, and coastal recreation contribute to strong tenant demand and long-term occupancy stability.

PROPERTY FACTS

Price $850,000
Price Per Unit $141,667
Sale Type Investment
Cap Rate 6.62%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.10 AC
Building Size 9,025 SF
No. Stories 3
Year Built 1900
Opportunity Zone Yes
Zoning C-1

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 6 - -
Walk Score®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NLON-000026-000122-000030
Land Assessment
$39,800
Improvements Assessment
$339,800
Total Assessment
$379,600
  • Listing ID: 38321492

  • Date on Market: 11/4/2025

  • Last Updated:

  • Address: 30 Montauk Ave, New London, CT 06320

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