Listing Summary
Rare value-add 12-unit multifamily investment opportunity at 80-82 Maple Ave, New London, CT! 8,732 SF building near the Thames River waterfront with 8 renovated units & major upside potential. Walk Score 92. Offered at $1,700,000
Full Description
Welcome to 80-82 Maple Avenue, New London, CT 06320—an exceptional 12-unit residential apartment building offered at $1,700,000. Spanning 8,732 square feet of living space (10,555 gross square footage), this historic 1925 property presents an unbeatable value-add acquisition opportunity for savvy real estate investors looking to capitalize on New London's rapidly growing rental market.
Set on a level 0.34-acre lot (14,810 SF), the two-story building boasts traditional architectural character featuring an asphalt-shingle mansard roof, shingle exterior siding, an inviting open front porch, and a full 2,877 SF basement/crawl space for utility and storage access.
Renovation Status & Immediate Revenue Upside
This asset stands out because a major portion of the heavy lifting and capital deployment has already been executed, significantly lowering execution risk while leaving clear equity upside:
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8 Units: Completely renovated or in well-maintained, operational condition.
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1 Unit: Currently under active renovation.
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3 Units: Gutted or in initial construction stages, presenting a straightforward path to complete renovations, bring units to peak market rents, and fully stabilize cash flow.
With 20 total bedrooms and 12 full bathrooms across the 12 apartment suites, the property allows an incoming owner to optimize floor plans and maximize net operating income (NOI).
Strategic Location & Unmatched Walkability
Boasting a Walk Score of 92, 80-82 Maple Avenue offers residents effortless access to everyday conveniences, entertainment, and employment opportunities:
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Waterfront & Downtown Vibrancy: Located just moments from the Thames River waterfront, Waterfront Park, historic downtown New London, local eateries, craft breweries, and cultural venues.
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Major Transportation Hub: Proximity to the New London Intermodal Transportation Center provides seamless transit options via Amtrak, Shore Line East rail, regional buses, and the Cross Sound Ferry to Long Island.
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Healthcare & Employment Drivers: Positioned near Lawrence + Memorial Hospital (Yale New Haven Health system), local universities, naval facilities, and major regional employers.
Utilities & Infrastructure Specifications
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Heating System: Efficient gas-fired hot-water radiator heating powered by natural gas.
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Water & Sewer: Connected to public municipal sewer and water systems.
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Foundation: Durable concrete and masonry construction.
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Zoning & Records: Public records officially identify the property as a legal 12-unit multifamily residential complex.
Property Quick-Facts & Specifications
| Property Feature |
Details |
| Address |
80-82 Maple Avenue, New London, CT 06320 |
| Listing Price |
$1,700,000 |
| Total Units |
12 Units |
| Bedrooms / Bathrooms |
20 Bedrooms / 12 Full Bathrooms |
| Living Area |
8,732 SQFT (10,555 SQFT Gross Area) |
| Basement Area |
2,877 SQFT |
| Lot Size |
0.34 Acres (14,810 SQFT) |
| Year Built |
1925 |
| Property Type |
Multifamily / Residential Income |
| MLS Number |
24198075 |
| Annual Taxes |
$18,146 (2026) |
| Walk Score |
92 (Walker's Paradise) |
| Heating & Utilities |
Natural Gas Hot-Water Heating, Public Sewer Connected |
| Schools |
New London School District |
| Listing Brokerage |
Century 21 Allpoints Realty (Tyler DeVecchis) |
Quick Glance
- Listing ID:
CL-Connecticut-28869
- Status:
Active
- Year Build:
1925
- Building Size:
8,732 SqFt
- Lot Size:
0.34 Acr
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Virtual Tour