28 Ocean Avenue, New London, Connecticut

$525,000

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7

Beds

3

Baths

2,170

Square feet

0.09

Acres

About 28 Ocean Avenue

Turnkey 2-family investment in New London - currently tenant-occupied and cash-flowing from day one. This 1883-built property offers 2,170 sq ft across two units with 4 bedrooms and 3 full baths total, each unit featuring an updated kitchen with stainless steel appliances and its own layout for easy tenant turnover. Low annual taxes (approx. $3,574) and efficient natural gas forced hot water heat keep operating costs down, while off-street parking adds tenant appeal in a dense coastal neighborhood. Set minutes from New London's waterfront, marinas, downtown shops and restaurants, Amtrak/Shore Line East rail, and major regional employers including the Naval Submarine Base and U.S. Coast Guard Academy - a location that consistently drives strong, steady rental demand. Outdoor space includes a fenced, tree-shaded backyard and deck, adding value beyond the units themselves. Whether you're expanding a rental portfolio or purchasing as an owner-occupant to offset your mortgage with in-place tenant income, this well-located multi-family delivers immediate returns with long-term upside in a growing waterfront market. Schedule your showing today and see the numbers for yourself.

Features of 28 Ocean Avenue

MLS® # 24205317
Price $525,000
Bedrooms 7
Bathrooms 3.00
Full Baths 3
Square Footage 2,170
Acres 0.09
Type Multi-Family For Sale
Sub-Type 2 Family
Style Units on different Floors
Status Active

Community Information

Address 28 Ocean Avenue
Area N/A
City New London
County New London
State Connecticut
Zip Code 06320

Amenities

Is Waterfront No
Waterfront Not Applicable
Has Pool No

Interior

Heating Baseboard, Natural Gas
Cooling Window Unit
Fireplace No
Has Basement Yes
Basement Full, Unfinished, Full With Hatchway

Exterior

Exterior Vinyl Siding
Lot Description Level Lot
Roof Asphalt Shingle
Foundation Stone

School Information

Elementary Per Board of Ed
High Per Board of Ed

Additional Information

Date Listed September 14th, 2026
Days on Market 22
Zoning C-1
RE / Bank Owned No

Listing Details

OfficeWilliam Raveis Real Estate

Listing Map

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Listing information last updated on October 6th, 2026 at 7:45pm EDT.