171 Garfield Avenue

New London, CT 06320

$925,000
Price
15
Beds
9
Baths
1
1/2 Bath
6,385 Sq. Ft.
$145 / Sq. Ft.
6,385
Sq. Ft.
$145
per Sq. Ft.

Description

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...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

Property Details for 171 Garfield Avenue

Basement Description
Full
Direct Waterfront
No
Neighborhood
N/A
Style
Units on different Floors, Other
Garage Parking Info
None
Swimming Pool
No
LISTING UPDATED: 08/16/2024 09:49 AM

Property Details for 171 Garfield Avenue

StatusUnder Contract - Continue To Show
MLS #24029747
Days on Market48
Taxes$11,184 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1875
Lot Size0.53 AC / 23,086 SF
CountyNew London County

Building Information for 171 Garfield Avenue

Stories-Residences8Year Built1875Building Size-Lot Size0.53 AC / 23,086 SF

Property Information for 171 Garfield Avenue

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.352998
  • Longitude: -72.111743
  • Neighborhood Amenities: Medical Facilities, Public Rec Facilities, Public Transportation, Shopping/Mall
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $11,184
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Baseboard
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: None
  • Rooms Total: 0
Property
Property and Assessments
  • Color: Blue
  • Construction Description: Frame
  • Exterior Siding: Asbestos
  • Foundation Type: Concrete, Stone
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1875
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 2000536
  • Sq Ft Est Heated Above Grade: 6385.0
  • Sq Ft Total: 6385.0
  • Zoning: R-2
Utilities
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 8
  • Total Rooms Multi Family: 0
Unit 1
  • Listing Key: 1C4561E4FA03D44BE0631401100A82BA
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 08-16-2024
  • Unit Monthly Rent: $1,000
  • Unit Num Bedrms: 1
  • Unit Occupied By: Tenant
Unit 2
  • Listing Key: 1C4561E4FA03D44BE0631401100A82BA
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 08-16-2024
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 1
  • Unit Occupied By: Tenant
Unit 3
  • Listing Key: 1C4561E4FA03D44BE0631401100A82BA
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 08-16-2024
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 3
  • Unit Occupied By: Tenant
Unit 4
  • Listing Key: 1C4561E4FA03D44BE0631401100A82BA
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 08-16-2024
  • Unit Monthly Rent: $1,000
  • Unit Num Bedrms: 2
  • Unit Occupied By: Tenant
Unit 5
  • Listing Key: 1C4561E4FA03D44BE0631401100A82BA
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 08-16-2024
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 1
  • Unit Occupied By: Vacant
Unit 6
  • Listing Key: 1C4561E4FA03D44BE0631401100A82BA
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 08-16-2024
  • Unit Monthly Rent: $1,000
  • Unit Num Bedrms: 1
  • Unit Occupied By: Tenant
Unit 7
  • Listing Key: 1C4561E4FA03D44BE0631401100A82BA
  • Unit Entry Order: 7
  • Unit Full Baths: 1
  • Unit Modified Date: 08-16-2024
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 2
  • Unit Occupied By: Tenant
Unit 8
  • Listing Key: 1C4561E4FA03D44BE0631401100A82BA
  • Unit Entry Order: 8
  • Unit Full Baths: 2
  • Unit Half Baths: 1
  • Unit Modified Date: 08-16-2024
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 4
  • Unit Occupied By: Tenant

Property History for 171 Garfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 171 Garfield Avenue

Taxable ValueLand$81,100Additions$325,600Total$406,700
Tax Record2024$11,184 ($932 / month)
Home Facts
Baths9Total Finished SqFt6,385 SqFtAbove Grade Finished SqFt6,385 SqFtStories2Lot Size38,028 SqFtStyleMulti-Family Res (5+ Units)Year Built1875CountyNEW LONDONAPNNLON M:D13 B:0160 L:0021

Schools near 171 Garfield Avenue

This home is within New London School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Harbor School
PublicK to 5

Bennie Dover Jackson Middle School
Public6 to 8

New London High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Seaport Real Estate Services, Andrew O'Reilly; Seaport Real Estate Services, Tim J Bray

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.