157 Crystal Ave New London, CT 06320
Property details
About 157 Crystal Ave
Turnkey investment opportunity! This well-kept 5-unit multifamily at 157 Crystal Ave, New London, CT 06320 brings in an impressive $10,000 in monthly rental income (with 3 units at $1,250, one at $2,500, and another at $3,750), delivering an annual NOI of $72,000. Recently appraised at $700,000 in June 2024, the property includes a newer furnace, a coin-operated laundry system for added income, and a 3-car garage offering extra rental potential or storage space. Ideal for investors looking for strong cash flow and a stable asset!
Highlights
Summary
- Full Bathrooms: 6
- Basement: Yes
- Total Bedroom Count: 10
- Garage Space: 3 spaces
- Attached Garage: No
- Private Pool: No
- Parking: Detached Garage
- View: Water
- Heating: Steam
- Cooling: Window Unit(s)
- List Price: $709,900
- Price/SqFt: $170
- Annual Tax Amount: $7,535
- Tax Year: 2024
- Lot: Level, Views
- Directions: GPS
- Year Built: 1890
- Living Area: 4,159 SqFt
- Lot Size: 0.21 Acres
- MLS Number: 24091753
- Office Name: Santana Realty Group LLC
- Office Phone: (860) 977-2703
- Office Email: vicsantanarealty@gmail.com
- Listing Agent: Victor Santana
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Last updated on: 5/8/2025, 7:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$709,900
157 Crystal Ave
$8,430
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 11, 2023 | Home Sold | $376,000 |
| Apr 17, 1997 | Home Sold | $80,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $274,000 | $7,535 |
| 2023 | $163,940 | $6,105 |
| 2022 | $163,940 | $6,117 |
| 2021 | $163,940 | $6,222 |
| 2020 | $163,940 | $6,261 |
| 2019 | $163,940 | $6,541 |
History based on county public records data.
Nearby schools
5
Winthrop STEM Elementary Magnet School
Public Magnet KG-5
0.3 mi
•74 Grove St
3
Regional Multicultural Magnet School
Public Magnet KG-5
0.4 mi
•1 Bulkeley Pl
2
C. B. Jennings Dual Language and International Elementary Magnet School
Public Magnet PK-5
0.6 mi
•50 Mercer St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,379. Typical income of New London, CT residents is between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing- UFC
Soccer
Where do the neighbors shop?
Burlington
Family Dollar
Forever 21
Where do the neighbors go to eat?
Popeyes
Burger King
Dominos Pizza
What do the neighbors drive?
Dodge
Buick
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Rock
This home is located at 157 Crystal Ave in New London, CT and zip code 06320. This 4,159 square foot home, which was built in 1890, sits on a 0.21 acre lot. Features: 10 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 29, 2025 and is currently priced at $709,900.
Over 7 listings were sold over their listed price in April 2025 in New London, CT. In the same period over 8 listings were sold below the listed price and 1 listings were sold for the listed price. The inventory of homes for sale in New London, CT between March and April 2025 increased by 7.9%.