For sale

$325,000

Est. $2,211/mo —

•

3,134

sq ft

20 Reed St, New London, CT 06320

About this home

Investors take notice! This three-family apartment building is ideally located in downtown New London, offering excellent access to restaurants, shopping, medical facilities, transportation, and the city's beautiful waterfront. The property also includes a detached two-car garage and off-street parking, adding valuable convenience and potential. Bring your vision, creativity, and renovation ideas to restore this property and unlock its full potential. A great opportunity for an investor or owner-occupant seeking a well-located multi-family with room to build equity.

Multi-familyProperty Type

1870Year Built

6,098 sq ftLot Size

$104Price/Sq.Ft.

2 car garageParking

Listed by Linda Labbe • CENTURY 21 Shutters & Sails

Contact: Agent Attribution Contact: (860) 823-8771 | Office Attribution Contact: (860) 331-1510

Source:Smart MLS #24198604

Payment calculator

$2,211 per month

Principal and interest$1,686

Property taxes

$411

HOA dues

Home insurance

$114

Utilities

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Affordability tools

See this home in person

This home is unavailable to tour on this day.

Next available date: Friday, August 28

Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN FRI, 12PM TO 2PM
$275,000
3 beds2 baths1,540 sq ft
49 Cole St, New London, CT 06320
OPEN FRI, 3PM TO 5PMVIDEO TOUR
$940,000
3 beds2 baths2,136 sq ft
311 Brightwater Rd, Old Lyme, CT 06371
OPEN SAT, 10AM TO 12PM
$435,000
4 beds2 baths1,818 sq ft
14 Perry Ave, Waterford, CT 06385
OPEN SAT, 10AM TO 12PM3D WALKTHROUGH
$349,900
3 beds2 baths1,732 sq ft
66 Black Ash Rd, Oakdale, CT 06370
OPEN SAT, 11AM TO 1PM
$549,000
3 beds2 baths2,050 sq ft
11 John W Luty Dr, Oakdale, CT 06370
OPEN SAT, 12PM TO 2PM
$400,000
2 beds1 bath872 sq ft
47 Goshen Rd, Waterford, CT 06385
OPEN SUN, 12PM TO 2PM
$635,000
4 beds2.5 baths2,464 sq ft
141 Briar Hill Rd, Groton, CT 06340
OPEN SUN, 12PM TO 2PMVIDEO TOUR
$3,495,000
5 beds3 baths3,176 sq ft
8 Park Pl, Mystic, CT 06355
OPEN SUN, 12PM TO 2PM
$865,000
4 beds3.5 baths2,729 sq ft
38 Groton Long Point Rd, Groton, CT 06340
OPEN SUN, 12PM TO 2PM3D WALKTHROUGH
$299,900
2 beds1 bath1,175 sq ft
118 Route 2A, Preston, CT 06365

Around this home

Schools

K - 12
Preschool & daycare

C.B. Jennings International Elementary Magnet

Public PreK-5 • Assigned • 0.4mi

3/10

Bennie Dover Jackson Middle School

Public 5-8 • Assigned • 0.6mi

3/10

New London Visual and Performing Arts Magnet School

Public 6-12 • Assigned • 0.6mi

4/10

Science and Technology Magnet School of Southeastern Connecticut

Public 9-12 • Assigned • 1.2mi

2/10

Provided by GreatSchools

About

Coit

Coit, located between Downtown New London and the Thames River waterfront, is a historic and residential New London neighborhood with hillside streets and harbor-facing views. The neighborhood’s character concentrates around the Coit Street corridor near downtown blocks, where brick storefronts and small civic buildings set a working-port tone. Architectural cues lean toward older New England housing stock—compact multifamily homes, porches, and tight lots stepping down toward the water. The walk to the waterfront frames daily routines with ferries, marinas, and salt air. Culture and nightlife cluster nearby at The Garde Arts Center, Hygienic Art, and The Social Bar + Kitchen. Green space and shoreline paths add a calm counterpoint to the city grid.

Provided by Walk Score and Local Logic

Offer insights

20 Reed St · $325,000

Strong offer

$344K and above

75% chance or better to win

Why $344K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 37 days.

SALE-TO-LIST

Most homes are selling 2% above list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
12 total rooms
Full unfinished basement with interior access, storage space and a sump pump
3 full bathrooms
Property configured as a 3-family (three separate units)

Bedrooms
5 total bedrooms

Bathrooms
3 full bathrooms

Laundry & utility
Hot water from oil and electric (domestic)
Fuel tank located in basement

Heating & cooling
Steam heat

Sale and tax history for 20 Reed St

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2023

$3,955

$26,900 + $76,020

$102,920

2022

$3,958 (−1.8%)

$26,900 + $76,020

$102,920

2021

$4,029 (−0.6%)

$26,900 + $76,020

$102,920

2020

$4,053 (−4.2%)

$26,880 + $76,020

$102,900

2019

$4,229 (+16.7%)

$26,880 + $76,020

$102,900

2018

$3,624 (+2.0%)

$26,880 + $53,410

$80,290

2017

$3,554 (+5.8%)

$26,880 + $53,410

$80,290

2016

$3,359 (+22.1%)

$26,880 + $53,410

$80,290

2014

$2,752 (−25.8%)

$26,880 + $53,410

$80,290

2011

$3,711

$33,670 + $101,290

$134,960

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

4,356 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

3,134

Unfinished Sq. Ft.

—

Total Sq. Ft.

3,134

Year built

1870

Style

Multi-Family (2-4 Unit)

County

New London County

APN

2000056

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 14, 2023.

C-1

General Commercial District

To provide for a wide range of commercial and limited industrial uses along major arterials; to accommodate uses that benefit from large numbers of motorists, and business that are not intensive central business area type activities. New residential development is discouraged except in certain instances.

Permitted uses

Include but are not limited to:

Bank
General retail
Restaurant
Office
Recreation
Park & open space

Climate risks

5/10 Flood Factor

Estimated 21-31% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

7/10 Heat Factor

7 days above 94° expected this year, 17 days in 30 years

8/10 Wind Factor

80% chance of strong winds in next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

New London, CT • 06320

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

77/ 100

Good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.7 hrs

4.3 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 20 Reed St

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $275,000 and $375,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $275K to $375K.

SOLD AUG 11, 2026
$367,500 Last sold price
4 beds2 baths2,346 sq ft
96 Blinman St, New London, CT 06320
$53/sq ft
SOLD MAR 27, 2026
$282,000 Last sold price
4 beds2 baths3,034 sq ft
109 Montauk Ave, New London, CT 06320
$11/sq ft
smaller lot
30 years newer
SOLD AUG 17, 2026
$275,000 Last sold price
3 beds2 baths1,768 sq ft
5 Manwaring St, New London, CT 06320
$52/sq ft
smaller lot
30 years newer
SOLD AUG 14, 2026
$375,000 Last sold price
4 beds2 baths2,114 sq ft
117 Blydenburg Ave, New London, CT 06320
$73/sq ft
smaller lot
40 years newer
SOLD JUL 2, 2026
$312,299 Last sold price
5 beds3 baths2,904 sq ft
119 Jefferson Ave, New London, CT 06320
$4/sq ft
larger lot
20 years newer
SOLD MAY 5, 2026
$320,000 Last sold price
7 beds3 baths1,862 sq ft
77 Colman St, New London, CT 06320
$68/sq ft
90 years newer

Tour for free, no strings attached

Make a winning offer with the help of a local agent

(203) 433-6390

Nearby similar homes

$445,000

4 beds2 baths2,002 sq ft

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OPEN SAT, 10:30AM TO 12PM

$513,900

3 beds2 baths1,596 sq ft

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8 beds4 baths3,309 sq ft

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6 beds5.5 baths3,791 sq ft

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New listings for sale in 06320

$325,000

5 beds3 baths3,134 sq ft

20 Reed St, New London, CT 06320

OPEN FRI, 12PM TO 2PM

$275,000

3 beds2 baths1,540 sq ft

49 Cole St, New London, CT 06320

$1,700,000

20 beds12 baths8,732 sq ft

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OPEN SUN, 1:30PM TO 3PM

$365,000

3 beds1 bath1,360 sq ft

556 Ocean Ave, New London, CT 06320

COMING SOON

$459,900

3 beds2 baths1,856 sq ft

45 Mansfield Rd, New London, CT 06320

$650,000

8 beds4 baths3,309 sq ft

144 Montauk Ave, New London, CT 06320

3D WALKTHROUGH

$495,000

3 beds2.5 baths1,963 sq ft

95 Parkway S, New London, CT 06320

$369,900

4 beds3 baths1,564 sq ft

71 Blackhall St, New London, CT 06320

$480,000

2 beds2.5 baths3,410 sq ft

77 Truman St, New London, CT 06320

Details provided by Smart MLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Offer insights

Property details

Sale and tax history for 20 Reed St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 20 Reed St

Nearby similar homes

New listings for sale in 06320

More real estate resources