119 Jefferson Avenue, New London, CT 06320 - Photo 1

1/1

$312,299

Sold
Closed
Multi-Family
5 Total Beds
1 Car Garage

1/1

Property Description

***Highest & Best Due by Wednesday 1pm!***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!

Full Property Details

Full Property Details for 119 Jefferson Ave

General

Sold For: $312,299
Taxes: (July 2025-June 2026)
Status: Closed
Type: Multi-Family
Source: SMARTMLS
MLS ID: 24158616
Added to Site: 144 day(s) ago

Interior

Number of Rooms: 14

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 5

Exterior

Exterior Features: Balcony, Deck
Color: Yellow

Parking

Garage: Yes
Garage Spaces: 1
Parking: Detached Garage

Location

County: New London
Driving Directions: I-95 to Exit 82; from NB turn R onto Broad St, from SB turn L onto Broad St; proceed ~0.3 mi, turn R onto Jefferson Ave; property on right.

School Information

Elementary School: Per Board of Ed
High School: New London

Heating & Cooling

Cooling Type: None
Heating Type: Gravity Warm Air, Wall Unit, Gas In Street, Natural Gas
Heating Fuel: Gas In Street, Natural Gas
Water Heater: Electric, 50 Gallon Tank

Utilities

Sewer: Public Sewer Connected
Water: Public Water Connected

Structural Information

Architectural Style: Units on different Floors
Construction Status: No/Resale
Exterior Const.: Other
Basement Desc.: Partial, Full, Full With Walk-Out
Roof: Asphalt Shingle
Attic: Yes
Square Feet: 2,904
Above Ground: 1,936 Sq. Ft.
Below Ground: 968 Sq. Ft.
Year Built: 1890

Unit Information

Unit 1

Square Feet: 968
Total Bathrooms: 1
Bedrooms: 2

Unit 2

Square Feet: 968
Total Bathrooms: 1
Bedrooms: 2

Unit 3

Square Feet: 968
Total Bathrooms: 1
Bedrooms: 1

Lot Features

Lot Size (Acres): 0.24
Zoning: C-1
Lot Description: Sloping Lot

Financial Considerations

Assessment Amount: $142,000
Tax Year: July 2025-June 2026

Disclosures and Reports

Property ID: 2000464

Listed by Real Broker CT, LLC, X Team At Real Broker CT, Oriel Hayer
Sold by eXp Realty, Joe Malerba

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Listing agent

— 119 Jefferson Ave —

Oriel Hayer

Real Broker CT, LLC

Agent Contact: (860) 237-6545 Office Contact: (860) 884-9511

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

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Schools

Schools serving 119 Jefferson Ave

School District:New London School District

Name	Grades	Distance
C.B. Jennings International Elementary Magnet 50 Mercer Street, New London, CT 06320	PK-5	0.3 mi
Winthrop STEM Elementary Magnet School 74 Grove Street, New London, CT 06320	K-5	1.2 mi
Harbor School 432 Montauk Avenue, New London, CT 06320	PK-5	1.2 mi
Bennie Dover Jackson Middle School 36 Waller Street, New London, CT 06320	6-8	0.4 mi
New London Visual and Performing Arts Magnet School 36 Waller Street, New London, CT 06320	6-11	0.4 mi
New London High School 20 Chester Street, New London, CT 06320	9-12	0.8 mi
Science and Technology Magnet School of Southeastern Connecticut 20 Chester Street, New London, CT 06320	6-12	0.8 mi
Nathan Hale Arts Magnet School 37 Beech Drive, New London, CT 06320	K-5	2.2 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 119 Jefferson Ave

Date

Details

Price

Change

Source

7/02/2026

Sold

$312,299

9.58%

MLS

3/26/2026

Listed

$285,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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119 Jefferson Avenue, New London, CT 06320 (MLS# 24158616) is a Multi-Family property that was sold at $312,299 on July 02, 2026. Want to learn more about 119 Jefferson Avenue? Do you have questions about finding other Multi-Family real estate for sale in New London? You can browse all New London real estate or contact a Coldwell Banker agent to request more information.

119 Jefferson Ave New London, CT 06320

Full Property Details for 119 Jefferson Ave

General

Interior

Rooms

Bathrooms

Bedrooms

Exterior

Parking

Location

School Information

Heating & Cooling

Utilities

Structural Information

Unit Information

Unit 1

Unit 2

Unit 3

Lot Features

Financial Considerations

Disclosures and Reports

Listing agent

Get Pre-Approved Today

Be ready to buy your new home!

Be ready to buy your new home!

Schools serving 119 Jefferson Ave

Price & Sales History for 119 Jefferson Ave

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