High-Yield 12-Unit Value-Add Multifamily Investment in New London, CT

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:

• 8 Units: Completely renovated or in well-maintained, operational condition.

• 1 Unit: Currently under active renovation.

• 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:

• Waterfront & Downtown Vibrancy: Located just moments from the Thames River waterfront, Waterfront Park, historic downtown New London, local eateries, craft breweries, and cultural venues.

• 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.

• Healthcare & Employment Drivers: Positioned near Lawrence + Memorial Hospital (Yale New Haven Health system), local universities, naval facilities, and major regional employers.

Utilities & Infrastructure Specifications

• Heating System: Efficient gas-fired hot-water radiator heating powered by natural gas.

• Water & Sewer: Connected to public municipal sewer and water systems.

• Foundation: Durable concrete and masonry construction.

• Zoning & Records: Public records officially identify the property as a legal 12-unit multifamily residential complex.

Property Quick-Facts & Specifications