New London Homes under $400,000

Welcome to New London, Connecticut – a charming coastal city brimming with rich history, vibrant culture, and an inviting community spirit. Nestled along the picturesque shores of Long Island Sound, New London offers a unique blend of urban convenience and scenic beauty. With its historic downtown, bustling waterfront, and diverse neighborhoods, it's no wonder that this city has become a sought-after destination for families, young professionals, and retirees alike.

One of the most appealing aspects of New London is its affordability, especially for those seeking homes under $400,000. This city offers a variety of housing options, from charming single-family homes to cozy condos, perfect for first-time buyers or those looking to downsize. With its competitive real estate market, you can find delightful properties that provide excellent value without compromising on quality or location.

As you explore New London, you'll discover an array of amenities, including parks, local shops, and restaurants serving delicious cuisine from around the world. The city is also home to several cultural attractions, such as the historic Garde Arts Center and the U.S. Coast Guard Museum, ensuring that there’s always something to see and do.

Whether you're drawn to the stunning waterfront views, the rich tapestry of local culture, or the welcoming neighborhoods, New London has something for everyone. With homes available under $400,000, now is the perfect time to discover your dream home in this vibrant city. Come and experience the charm of New London – where community and coastal living come together beautifully!

Newest New London Homes under $400,000

$369,000

3 Beds ⋅ 3 Baths ⋅ ACTIVE Status ⋅ 24214264 MLS

Welcome to 625 Ocean Avenue, where charm, character, and a little bit of country living meet city convenience! This freshly painted home offers generous-sized bedrooms, a primary ensuite, a functioning fireplace perfect for cozy New England evenings, and a delightful three-season sunroom offering additional space to relax and enjoy the changing seasons. With just a little light refreshing and your personal touches, this home is ready to truly shine! What makes this property especially unique is its thoughtfully established urban farm setting! The sun-filled front yard offers wonderful growing conditions for vegetable gardening, complemented by perennial native plants, herbs, and berry-producing plants bordering the property. Step into the backyard and discover a peaceful retreat, where partial shade provides a welcome escape from hot summer days. Enjoy established grapevines, strawberries, a fig tree, and a charming wooden pergola with a hanging swing, creating the perfect setting to relax and unwind. A composting system adds to the property's sustainable living appeal. With a public park and its recreational courts directly across the street, the lifestyle extends well beyond your own backyard! Enjoy the convenience of nearby green space and outdoor recreation, all while having your own peaceful garden retreat waiting at home. Whether you're an avid gardener, aspiring urban homesteader, or simply someone who appreciates a home filled with character, this is your chance!

625 Ocean Ave, New London

$399,900

2 Beds ⋅ 2 Baths ⋅ ACTIVE Status ⋅ 24213867 MLS

Minutes Away From The Water in this Adorable large Ranch In a desirable area ONLY 1.4 MILES AWAY from OCEAN BEACH. Close to EB, CASINOS & All Major Routes 395, 95, 2 & 32. Come see this 1192sqft, 2 Bedrms, 1.5 Bath & 1 Car Attached Garage on a cute level lot. Walk into your Spacious and bright living rm w/ Gleaming Hardwood floors & a Gorgeous FIREPLACE. Great floor plan Flowing beautifully to your open dining rm w/ built in hutches & Hdwd Floors next to your kitchen with NEWER SS Appliances, tile floor, gas stove and walkout to your garage and back yard. Half bath with tile floors, built in Pantry and laundry rm on the 1st floor with a separate door to your back yard. Master suite with an abundance of sunlight w/ HDWD floors. Nice size 2nd bedrm. Big closets & plenty of storage. 1 Bay Garage w/ garage door openers & walkout to your private patio area. FULL DRY basement for more expansion for a possible 3rd bedrm, family rm, play rm or gym,. Perfect private level lot with a high privacy vynl fence by your patio, blooming gardens throughout, Newer Shed, walkways from both sides to the front and back with beautiful flowers in the front. City Water & City Sewer. Perfect for a 1st time home owner, upsizing, downsizing or retiring to a 1 floor living. Subject to Seller finding suitable house.

12 Mansfield Rd, New London

$399,999

6 Beds ⋅ 2 Baths ⋅ ACTIVE Status ⋅ 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

$178,900

1 Beds ⋅ 1 Baths ⋅ ACTIVE Status ⋅ 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 ⋅ ACTIVE Status ⋅ 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

6 Beds ⋅ 3 Baths ⋅ ACTIVE Status ⋅ 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

$279,900

3 Beds ⋅ 1 Baths ⋅ ACTIVE Status ⋅ 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 ⋅ ACTIVE Status ⋅ 24203870 MLS

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

387 Jefferson Ave, New London

$240,000

3 Beds ⋅ 1 Baths ⋅ ACTIVE Status ⋅ 24203868 MLS

Welcome to 373 Jefferson Avenue in New London! This charming 3-bedroom, 1-bath home offers a wonderful opportunity to enjoy comfortable living in a convenient location. With plenty of potential to make the space your own, this property is ready for its next chapter. Conveniently located near shopping, restaurants, parks, and all that New London has to offer, this home is a great opportunity for a variety of buyers. Come see the possibilities!

373 Jefferson Ave, New London

$250,000

3 Beds ⋅ 2 Baths ⋅ ACTIVE Status ⋅ 24203867 MLS

Welcome to 377 Jefferson Avenue in New London! This charming 3-bedroom, 1-bath home offers a wonderful opportunity to enjoy comfortable living in a convenient location. With plenty of potential to make the space your own, this property is ready for its next chapter. Conveniently located near shopping, restaurants, parks, and all that New London has to offer, this home is a great opportunity for a variety of buyers. Come see the possibilities!

377 Jefferson Ave, New London

$350,000

3 Beds ⋅ 2 Baths ⋅ ACTIVE Status ⋅ 24203862 MLS

Welcome to 762 Ocean Avenue in New London! This inviting 3-bedroom, 2-bath home offers comfortable one floor living and a convenient location. Enjoy additional living space with a home office and a 3 season sunroom - perfect for relaxing, or enjoying your morning coffee. The home also features a 2-car garage and sits on a desirable corner lot. Located just minutes from Ocean Beach, local restaurants, shopping, and all that New London has to offer, this property combines everyday convenience with easy access to the shoreline. Don't miss the opportunity to make this wonderful home your own!

762 Ocean Ave, New London

$220,000

3 Beds ⋅ 2 Baths ⋅ ACTIVE Status ⋅ 24200682 MLS

Welcome home to this character-filled colonial featuring 3 bedrooms, 1.5 bathrooms, and 1,596 sq ft of living space on a level lot. Inside, you'll find gleaming hardwood floors, a brick-faced fireplace, elegant arched doorways, and built-in features that give this home its distinctive charm. All three generously sized bedrooms and the full bathroom are conveniently located on the upper level. Step outside to an expansive, partially covered wooden deck - ideal for summer barbecues or a quiet morning coffee - plus a storage shed offering extra space or workshop potential. Enjoy an unbeatable location just minutes from Shennecossett Golf Course, the Thames River, and a variety of local dining options. Don't miss this opportunity - schedule your showing today!

112 Vauxhall St, New London

Start Your Search

The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 SmartMLS, Inc.