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119 Jefferson Avenue, New London, CT 06320

Multi-Family For Sale · 3 Family

$285,000
$98/sqft
119 Jefferson Avenue, New London, CT Active
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5
Bedrooms
3
Bathrooms
2,904
Sq Ft
0.24
Acres
1890
Year Built

About This Home

Attention investors and contractors! Value-add 3-family opportunity located at 119 Jefferson Avenue with strong income potential and immediate cash flow. All three units are currently occupied with month-to-month tenants, offering flexibility for rent increases or future renovations. Current rents total approximately $3,700+ per month, with upside potential once improvements are completed. Property features a solid multi-unit layout and includes a huge driveway with ample off-street parking plus a detached one-car garage-a rare and valuable feature for tenants. Property requires significant updates, including heating system installation, siding replacement, roof evaluation, and cosmetic improvements throughout. Being sold strictly as-is. Ideal for cash buyers or rehab loan financing. This is a prime opportunity to reposition an income-producing asset in New London's active multifamily market. With the right renovations, this property offers strong cash flow and long-term appreciation potential. Conveniently located near major employers, Electric Boat, shopping, dining, and local amenities. Don't miss your chance to unlock the full potential of this multi-family investment!

Listed by Oriel Hayer (860) 237-6545 with Real Broker CT, LLC (860) 884-9511

Listing Snapshot

Price $285,000 Days on Market 0 days
Property Tax $3,862/yr Style Units on different Floors
Year Built 1890 Total Sq Ft 2,904
Lot Size 0.24 acres HOA Fees N/A
Bedrooms 5 Full Bathrooms 3
Total Rooms 14 Half Baths 0

Key Features

Outdoor
  • Balcony
  • Deck
Nearby
  • Park
  • Public Rec Facilities
  • Public Transportation
  • Shopping/Mall
  • Walk to Bus Lines

Structure & Parking

Construction Frame
Roof Asphalt Shingle
Garage Spaces 1
Garage Type Detached Garage
Below Grade 968 sq ft

Systems & Utilities

Heat Gravity Warm Air, Wall Unit
Fuel Gas In Street, Natural Gas
Cooling None
Hot Water Electric, 50 Gallon Tank
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Per Board of Ed
High New London

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $322/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Mar 24, 2026 Listed $285,000

Frequently Asked Questions

How much does 119 Jefferson Avenue in New London, CT cost?
This property is listed at $285,000, which works out to $98 per square foot.
How many bedrooms does 119 Jefferson Avenue have?
This home has 5 bedrooms and 3 bathrooms.
What is the square footage of 119 Jefferson Avenue?
The home is 2,904 square feet, situated on 0.24 acres.
When was 119 Jefferson Avenue in New London built?
This property was built in 1890.
Is 119 Jefferson Avenue, New London, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 119 Jefferson Avenue, New London in?
This home is served by the New London public school system, with Per Board of Ed as the elementary school and New London as the high school.
How do I schedule a tour of 119 Jefferson Avenue, New London, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Oriel Hayer · (860) 237-6545

Real Broker CT, LLC · (860) 884-9511

MLS# 24158616 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Mar 26, 2026 4:05 AM UTC