Discover an exceptional investment opportunity with this historic eight-unit apartment building at 171 Garfield Ave, New London. Built in 1875 and renovated in 2003, this property blends timeless charm with modern amenities. Located in a prime area, it offers easy access to medical facilities, shopping, and public transportation. Each unit features modern conveniences, including baseboard heating and natural gas water heating. Managed by Blue Rock Property Group, the building is well-maintained and currently generates $9,400 monthly rent, with potential to increase to $11,500. With a low vacancy rate and strong rental market, this property is a lucrative addition to any investment portfolio
Sold
$850,000
171 Garfield Ave, New London, CT 06320
15beds
6,385sqft
Multi Family
Built in 1875
-- sqft lot
$862,500 Zestimate®
$133/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: January 14, 2025 at 07:06am
Listed by:
Andrew O'Reilly,
Seaport Real Estate Services,
Tim Bray,
Seaport Real Estate Services
Bought with:
Andrew O'Reilly, RES.0818563
Seaport Real Estate Services
Dan Liese
Seaport Real Estate Services
Source: Smart MLS,MLS#: 24029747

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 10
- Full bathrooms: 9
- 1/2 bathrooms: 1
Heating
- Baseboard, Electric, Natural Gas
Cooling
- None
Appliances
- Included: Water Heater
- Laundry: None
Features
- Basement: Full
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 6,385
- Total interior livable area: 6,385 sqft
- Finished area above ground: 6,385
Property
Parking
- Parking features: None
Lot
- Size: 0.53 Acres
- Features: Level
Details
- Parcel number: 2000536
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units on different Floors,Other
- Property subtype: Multi Family
Materials
- Asbestos
- Foundation: Concrete Perimeter, Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1875
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Medical Facilities, Public Rec Facilities, Near Public Transport, Shopping/Mall
Location
- Region: New London
Services availability

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