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Winchester Avenue Apartment 694 Winchester Ave 3 Unit Apartment Building $540,000 ($180,000/Unit) New Haven, CT 06511
Investment Highlights
- Highly Walkable Community
- Recent Capital Improvements
- Major Artery to Downtown
Executive Summary
USMF is pleased to present Winchester Apartments. A 3-Unit Multifamily Property where tenants pay utilities. Rents are currently 20-40% below market allowing the future investors to capitalize on the value add opportunity. The area has strong renter demand with low vacancy rate. There have been recent capital improvements including but not limited to a new roof, windows, flooring and mechanical systems. The property is in proximity to Yale University, downtown New Haven, numerous restaurants, I-91, I-95 & New Haven MTA Station.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$53,400
|
$7.39
|
| Other Income |
$1,200
|
$0.17
|
| Vacancy Loss |
$2,670
|
$0.37
|
| Effective Gross Income |
$51,930
|
$7.19
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$19,708
|
$2.73
|
| Net Operating Income |
$32,222
|
$4.46
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $53,400 |
| Annual Per SF | $7.39 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.17 |
| Vacancy Loss | |
|---|---|
| Annual | $2,670 |
| Annual Per SF | $0.37 |
| Effective Gross Income | |
|---|---|
| Annual | $51,930 |
| Annual Per SF | $7.19 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $19,708 |
| Annual Per SF | $2.73 |
| Net Operating Income | |
|---|---|
| Annual | $32,222 |
| Annual Per SF | $4.46 |
Property Facts
| Price | $540,000 | Apartment Style | Low-Rise |
| Price Per Unit | $180,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Gross Rent Multiplier | 10 | Building Size | 7,227 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM2 | ||
| Price | $540,000 |
| Price Per Unit | $180,000 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 7,227 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | RM2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
1 1
Bike Score®
Very Bikeable (84)
Property Taxes
| Parcel Number | NHVN-000287-000489-001700 | Improvements Assessment | $152,810 |
| Land Assessment | $31,920 | Total Assessment | $184,730 |
Property Taxes
Parcel Number
NHVN-000287-000489-001700
Land Assessment
$31,920
Improvements Assessment
$152,810
Total Assessment
$184,730
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Winchester Avenue Apartment | 694 Winchester Ave
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