A 6-unit multifamily offering strong in-place income plus immediate upside through lease-up. Current rents: Unit 1-$1,300, Unit 2-$1,550, Unit 3-$1,300, Unit 6-$1,375; Units 4 (1BR) and 5 (2BR) are empty. In-place gross: $5,525/mo with pro-forma potential up to ~$8,925/mo (market rent: Unit 4-$1,550 and Unit 5-$1,850). Located in a Class A neighborhood in the desirable Foxon area, close to I-95 & Route 1, shopping, dining, and minutes to downtown New Haven/Yale and East Haven beaches/parks. With lease-up alone, this can be positioned to achieve an 8-cap, making it an ideal value-add play with strong long-term fundamentals.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
2/19/2026
|
|
YEAR BUILT
|
1920
|
COUNTY
|
New Haven
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| Elementary School |
Per Board of Ed |
| High School |
East Haven |
| AIR |
None |
| APPLIANCES |
Gas Water Heater |
| BASEMENT |
Partial, Partially Finished, Yes |
| CONSTRUCTION |
Aluminum Siding, Frame |
| HEAT |
Forced Air, Natural Gas |
| LOT |
0.34 acre(s) |
| LOT DESCRIPTION |
Level, Sloped |
| PARKING |
Paved, Private, Unpaved, Parking Lot, Driveway |
| SEWER |
Public Sewer |
| STYLE |
Units are Side-by-Side, Units on different Floors |
| TAXES |
9677 |
| WATER |
Public |
| ZONING |
R-2 |
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Listing courtesy of Roundtree Realty LLC
Copyright Smart MLS. All rights reserved. Information is deemed reliable but not guaranteed to be accurate.
This IDX solution is (c) Diverse Solutions 2026.
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