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41-51 Linden St 6 Unit Apartment Building $1,500,000 ($250,000/Unit) 7.19% Cap Rate New London, CT 06320
Executive Summary
Investment Opportunity in the Heart of New London
41–51 Linden Street presents an exceptional opportunity to acquire a well-located multifamily investment property in one of New London's established neighborhoods. Ideally situated just minutes from Interstate 95, downtown New London, Union Station, and the city's waterfront, the property offers outstanding accessibility and long-term investment potential.
The asset features spacious three- and four-bedroom apartments, a highly desirable unit mix that is increasingly difficult to find in today's rental market. These oversized floor plans provide a distinct competitive advantage, supporting strong tenant demand and long-term rental stability.
Combined with its central location near major employers, educational institutions, shopping, dining, and public transportation, 41–51 Linden Street is well-positioned to deliver reliable cash flow with meaningful long-term appreciation potential. Whether for an investor seeking stable income or value-add upside, this property represents a compelling opportunity in the growing southeastern Connecticut market.
Please reach out to Jordan Pinto at Chozick Realty, Inc. for additional information.
41–51 Linden Street presents an exceptional opportunity to acquire a well-located multifamily investment property in one of New London's established neighborhoods. Ideally situated just minutes from Interstate 95, downtown New London, Union Station, and the city's waterfront, the property offers outstanding accessibility and long-term investment potential.
The asset features spacious three- and four-bedroom apartments, a highly desirable unit mix that is increasingly difficult to find in today's rental market. These oversized floor plans provide a distinct competitive advantage, supporting strong tenant demand and long-term rental stability.
Combined with its central location near major employers, educational institutions, shopping, dining, and public transportation, 41–51 Linden Street is well-positioned to deliver reliable cash flow with meaningful long-term appreciation potential. Whether for an investor seeking stable income or value-add upside, this property represents a compelling opportunity in the growing southeastern Connecticut market.
Please reach out to Jordan Pinto at Chozick Realty, Inc. for additional information.
Property Facts
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 7.19% | Building Size | 8,268 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 0.48/1,000 SF |
| Zoning | R-2 | ||
| Price | $1,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 7.19% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,268 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 0.48/1,000 SF |
| Zoning | R-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | 1,000 |
| 4+1 | 4 | - | 1,000 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | NLON-000023-000099-000019 | Improvements Assessment | $331,100 |
| Land Assessment | $42,100 | Total Assessment | $373,200 |
Property Taxes
Parcel Number
NLON-000023-000099-000019
Land Assessment
$42,100
Improvements Assessment
$331,100
Total Assessment
$373,200
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41-51 Linden St
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