Multi Family Investment Properties for Sale in New London, CT

Property at 194-196 Jefferson Avenue, New London, CT
Currently Rented
Fix & Flip
Rental Income
+ 1 more
$ 399,999
ROI
34.7ROI percentage
Cash Flow/m
Dollar sign1662
  • 6 Bed
  • 2 Bath
  • 2132 sft
194-196 Jefferson Avenue, New London, CT, 06320
Property at 16 Starr Street, New London, CT
Rental Income
$ 444,000
ROI
30.7ROI percentage
Cash Flow/m
Dollar sign1355
  • 5 Bed
  • 3 Bath
  • 3024 sft
16 Starr Street, New London, CT, 06320
Property at 28 Ocean Avenue, New London, CT
$ 525,000
ROI
25.7ROI percentage
Cash Flow/m
Dollar sign813
  • 7 Bed
  • 3 Bath
  • 2170 sft
28 Ocean Avenue, New London, CT, 06320
Property at 367 Ocean Avenue, New London, CT
$ 350,000
ROI
26.1ROI percentage
Cash Flow/m
Dollar sign617
  • 5 Bed
  • 2 Bath
  • 2180 sft
367 Ocean Avenue, New London, CT, 06320

Why Invest in New London, Connecticut?

Investing in multifamily properties in Connecticut can be a lucrative opportunity. The state has shown stable rental demand and a robust job market, with many renters seeking affordable housing options. With a rental yield of approximately 7% and a competitive cap rate of 6.5%, now is a great time to consider multifamily investments in this area.

10%
Avg. ROI
7%
Rental Yield
6.5%
Cap Rate
$1500/mo
Avg. Cash Flow
$2000/mo
Avg. Rent
3.5%
1Y Appreciation

Frequently Asked Questions

The average rent for multifamily units in Connecticut is approximately $2,000, depending on location and amenities.

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