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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



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 | Apartment Style | Low-Rise |
| Price Per Unit | $141,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.62% | Building Size | 9,025 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | C-1 | ||
| 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 | - | - |
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | NLON-000026-000122-000030 | Improvements Assessment | $339,800 |
| Land Assessment | $39,800 | Total Assessment | $379,600 |
PROPERTY TAXES
Parcel Number
NLON-000026-000122-000030
Land Assessment
$39,800
Improvements Assessment
$339,800
Total Assessment
$379,600
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30 Montauk Ave | 30 Montauk Ave
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