New London Homes under $400,000

Welcome to New London, Connecticut—a charming coastal city where history meets modern living! Nestled at the mouth of the Thames River, New London boasts a rich maritime heritage and a vibrant arts scene, making it an ideal place to call home. With its stunning waterfront views, historic architecture, and a diverse community, New London offers a unique blend of urban amenities and small-town charm.

For those seeking affordable housing options, New London presents an enticing opportunity with a variety of homes available for under $400,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, this city has something for everyone. From quaint bungalows to spacious townhouses, you’ll find properties that cater to your lifestyle and budget.

Imagine living just minutes from the picturesque beaches of Ocean Beach Park, where you can enjoy sun-soaked days and stunning sunsets. Explore the local dining scene, featuring everything from seafood shacks to gourmet restaurants, or immerse yourself in the rich cultural offerings of the city, including theaters, galleries, and music festivals.

With easy access to major highways and public transportation, commuting to nearby cities like Hartford or New Haven is a breeze. New London is also home to several reputable schools and parks, making it an excellent choice for families.

Discover the charm and affordability of New London, CT, where your dream home awaits! Let us help you navigate the housing market and find the perfect property that suits your needs. Your new adventure in New London starts here!

Newest New London Homes under $400,000

$399,999

6 Beds ⋅ 2 Baths ⋅ 24203546 MLS

Fully occupied two-family home with an additional lot offering valuable off-street parking! Both units are currently rented and occupied by tenants on a month-to-month basis, providing immediate rental income and flexibility for future ownership plans. The additional lot provides space for approximately 4-5 vehicles, a valuable feature in this area. The property was previously connected to gas and can be easily converted back to gas if desired. Conveniently located near Electric Boat, Ocean Beach, local schools, bus stops, shopping, restaurants, and major transportation routes. Great opportunity for an investor looking to add a fully occupied multi-family property to their portfolio or an owner-occupant looking to offset their housing costs with rental income. Property is being sold AS-IS. Buyer and buyer's agent are encouraged to conduct their own due diligence and inspections.

194-196 Jefferson Ave, New London

$182,000

2 Beds ⋅ 1 Baths ⋅ 24211088 MLS ⋅ Westridge Gardens BLDG.

Move-in ready and meticulously maintained, this 2-bedroom, 1-bath condo in New London's Westridge community offers easy, single-level living with 1,050 sq ft of updated space. The kitchen was renovated in 2010 with a refreshed ceiling in 2025, the bath was updated in 2012, and laminate flooring was installed in 2014. Recent upgrades include a new stove and all-new LED lighting (2026), new refrigerator and dishwasher (2024), new patio tiles (2024), and updated windows (2008) - leaving little to do but move in. Step out to your private patio, then cool off at the community's in-ground pool. The $486/month HOA fee covers heat and hot water, and residents also enjoy on-site laundry and basement storage. Convenient to downtown New London, the waterfront, Coast Guard Academy, Amtrak, and easy highway access. Affordable, updated, and ready for its next owner!

65 Westridge Rd Unit D5, New London

$178,900

1 Beds ⋅ 1 Baths ⋅ 24210469 MLS ⋅ Harbour House BLDG.

Refreshed fourth-floor, one-bedroom residence offering 722 sq ft of updated, low-maintenance living in a professionally managed waterfront community. Features include new flooring, paint, lighting, bath fixtures, some appliances and counters. Amenities: elevator, secure entry, laundry, assigned parking, and a riverfront pool. Enjoy Thames River views, association dock access, and convenient proximity to Electric Boat, L+M Hospital, Amtrak, and downtown dining. HOA covers heat, hot water, water, and sewer. Move-in ready-can be sold furnished!

292 Pequot Ave Unit E4, New London

$335,000

2 Beds ⋅ 2 Baths ⋅ 24207304 MLS ⋅ New London Harbour Towers BLDG.

Experience refined coastal living at Harbour Towers in this beautifully updated 2-bedroom, 2-full-bath one floor residence. An elegant tray ceiling, fresh paint throughout, and new carpeting in the second bedroom create a bright, sophisticated feel, while the thoughtfully renovated primary suite bath offers a luxurious retreat. Additional highlights include a new on-demand hot water heater, in-unit laundry, and a private storage unit. Step outside through your private access to the terrace, complete with a grill and heated rooftop pool. Harbour Towers offers exceptional lifestyle amenities with a covered heated pool, a Pub social room, fitness area, and theater room. All assessments have been paid in full, and this residence is vacant and ready for its new owner. Ideally situated near the New London Train Station and Amtrak, Cross Sound Ferry, Electric Boat, L+M/Yale New Haven Hospital, the Coast Guard Academy, area colleges, and the Navy Base. Enjoy the convenience, amenities, and elevated lifestyle that Harbor Towers has to offer.

461 Bank St Unit 403, New London

$399,900

4 Beds ⋅ 2 Baths ⋅ 24209007 MLS

Some homes have character added to them. This one has had it for more than a century. Welcome to 63 Faire Harbour Place, historically known as the Harrison Whittemore House, a Colonial Revival home recognized as a contributing property within New London's National Register-listed Montauk Avenue Historic District. Local history holds that Whittemore built the home for his daughter, and its craftsmanship has been beautifully preserved through generations. The character begins outside, where the original brick walkway leads to an unforgettable front portico with detailed millwork, stained glass and built-in benches. Inside, 2,284 sq ft offers 4 bedrooms and 2 full baths with original woodworking, hardwood floors, built-ins, paneled walls, arched openings and two fireplaces. The updated kitchen features abundant cabinetry, stone counters, stainless appliances, a large island and a sun-filled banquette dining space. A main-floor primary bedroom with its beautiful fireplace and mantel is a standout. Historic character, thoughtfully updated for the way we live today.

63 Faire Harbour Pl, New London

$99,000

3 Beds ⋅ 2 Baths ⋅ 24209977 MLS

This 1,866 square foot 3-bedroom Colonial in New London has plenty of potential! This property is located within walking distance to beaches, restaurants, parks, and more. This home suffered a fire in 2022. Please look into situation prior to viewing. As a result of condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless and the property may only be shown by appointment. Highest & Best Hold Period active - expires 10/01/2026 01:00 PM CST. DEADLINE HAS PASSED, SELLER WILL NO LONGER BE ACCEPTING SUBMISSIONS. Utilities will not be turned on for inspections. If property was built prior to 1978, Lead Based Paint Potentially Exists.

50 Sherman St, New London

$399,900

6 Beds ⋅ 3 Baths ⋅ 24209409 MLS

Great opportunity to own a spacious three-family property offering approximately 3,271 square feet of living space with a total of 6 bedrooms and 3 full bathrooms. With three separate units and practical layouts, this property offers excellent potential for investors looking to expand their rental portfolio or buyers interested in an owner-occupied multifamily home. Features include natural gas heat, vinyl siding, a full basement, and public water and sewer. Ideally situated with convenient access to downtown New London, shopping, restaurants, public transportation, major highways, the waterfront, and other local amenities. Don't miss the opportunity to explore the possibilities this multifamily property has to offer. Sale is subject to Probate Court approval.

55 Connecticut Ave, New London

$299,900

2 Beds ⋅ 2 Baths ⋅ 24205744 MLS

Welcome to 348 Bayonet St in New London, a charming Ranch offering comfortable one-level living in a convenient location. Featuring 2 bedrooms and 2 full baths, this home offers 950 square feet of living space on the main floor with an additional FOUR BONUS ROOMS totaling 950 finished sq ft on the lower level. This home's practical layout and additional space provide plenty of opportunity to make it your own. A wood-burning fireplace adds warmth and character to the open floor plan, while the finished basement provides additional flexible space for a home office, recreation area, hobbies, storage, or potential in-law suite. Plenty of windows provide natural sunlight, and the wood deck extends the living outdoors with another inviting space to relax. Additional features include a fenced-in back yard, off-street parking, and an approximately 8 year old shingle roof and 8 year old boiler. Conveniently located with easy access to major highways and just minutes to restaurants, shopping centers, medical services, Connecticut College, and walking distance to the U.S. Coast Guard Academy. A wonderful opportunity to enjoy the convenience of New London while staying close to everyday amenities, employment centers, education, and the many attractions the area has to offer.

348 Bayonet St, New London

$389,900

8 Beds ⋅ 3 Baths ⋅ 24193288 MLS

Huge 1900s multi-family in great New London location. 3,533 square feet across 10 total rooms, with 8 bedrooms and 3 full baths between the units. First and second floor units are currently tenant-occupied - Unit 1 (1,428 sq ft) and Unit 2 (1,289 sq ft), each with 3 bedrooms and 1 full bath - delivering immediate rental income from day one. Both include oven/range and refrigerator. The property sits on a level corner lot with a covered porch, gutters, and a detached one-car garage plus additional parking space, a valuable feature for multi-family in this area. Steam heat (oil-fueled) with a tankless water heater and public water/sewer service (in street) round out the utilities. Ideally located near C.B. Jennings Elementary, Dover-Jackson Middle, and New London High School, with nearby access to basketball courts, commuter bus, golf, library, medical facilities, parks, and private schools. A strong opportunity for an investor to add a fully occupied, cash-flowing two-family with 3rd floor expansion to their portfolio in a walkable New London neighborhood. Being sold As Is.

New London

$199,999

3 Beds ⋅ 2 Baths ⋅ 24204769 MLS ⋅ Bream Cove Two-Verify In Process! BLDG.

Welcome to 2 Coit Street #2, a spacious and well-maintained 3-bedroom, 2-full-bath condo offering 1,255 square feet of comfortable living space in a convenient New London location. This inviting home provides plenty of room to live, work, and entertain, with a layout designed for everyday comfort and easy living. Heat and hot water are included in the HOA. Ideally situated within walking distance of the many restaurants, shops, and attractions of downtown New London, this home puts the best of the city right outside your door. Enjoy a short drive to Ocean Beach for summer days by the water, while convenient access to major roadways makes commuting and exploring southeastern Connecticut easy. Whether you're looking for a comfortable full-time residence, a low-maintenance home, or a convenient location close to downtown amenities and the shoreline, 2 Coit Street #2 offers the space, location, and lifestyle you've been looking for.

2 Coit St Unit 2, New London

$279,900

3 Beds ⋅ 1 Baths ⋅ 24205111 MLS

Tucked at the end of a quiet cul-de-sac, 17 Borodell Place is a beautifully maintained 3-bedroom, 1-bath Queen Anne colonial filled with warmth, character and a wonderful sense of history. Dating to circa 1897, the home offers approximately 1,334 square feet of inviting living space and has been lovingly cared for by the same owners for 45 years. Now ready to welcome its next steward, the home offers the kind of personality and architectural detail that is increasingly hard to find. A welcoming foyer sets the tone upon entry, while graceful arched doorways add charm and distinction throughout. The comfortable layout provides flexibility for everyday living, and additional unfinished attic space offers exciting potential for future expansion if more room is desired-ideal for an office, studio, playroom or other creative use. Outside, the large yard is a standout feature, with plenty of room to garden, entertain, play or simply relax. Its position adjacent to the rear grounds of neighboring church property gives the backyard an especially open and expansive feel, while the end-of-street setting adds an extra sense of privacy and calm. Quietly tucked away yet convenient to downtown New London, the waterfront, restaurants, shopping and major routes, this is a special opportunity to own a home with history, character, space and enduring appeal.

17 Borodell Pl, New London

$240,000

4 Beds ⋅ 1 Baths ⋅ 24203870 MLS

Investor alert. Single family home or rental investment property currently tenant occupied.

387 Jefferson Ave, New London

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