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83 E Grand Ave
New Haven, CT 06513
East Grand Apartments · Multifamily Property For Sale
·
13 Units
Investment Highlights
- All units updated.
- Possible additional units to be built on site.
Executive Summary
Updated and well-maintained fully rented 13-unit multifamily portfolio located on East Grand Ave in New Haven’s Fair Haven Heights neighborhood. The property consists of three buildings with a desirable unit mix including 1-bedroom townhome-style units, ADA-compliant 2-bedroom units, and larger multi-bedroom apartments. Units feature quality interior finishes such as tile flooring, wood kitchen cabinets, granite countertops, and well-maintained kitchens and baths. The asset benefits from historically low tenant turnover, reflecting strong tenant satisfaction and consistent rental demand. Strong in-place income with upside potential through future rent growth and possible unit expansion opportunities (buyer to perform due diligence). Conveniently located just minutes from I-91, I-95, downtown New Haven, Yale University, and major employment centers, with close proximity to public transportation, schools, shopping, dining, and local businesses within a high-demand rental market. Seller will not provide owner financing; qualified buyers only. Please do not trespass on property or approach tenants. Year built varies per building.
Property Facts
| Price Per Unit | $198,077 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.79 AC |
| Cap Rate | 7.02% | Building Size | 15,289 SF |
| No. Units | 13 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1979/2015 |
| Apartment Style | Low-Rise | Parking Ratio | 1.31/1,000 SF |
| Zoning | RM1 | ||
| Price Per Unit | $198,077 |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 15,289 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1979/2015 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | RM1 |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
Site Amenities
- Laundry Facilities
- Wheelchair Accessible
- Public Transportation
Property Taxes
| Parcel Number | NHVN-000098-001008-001800 | Improvements Assessment | $709,100 |
| Land Assessment | $227,500 | Total Assessment | $936,600 |
Property Taxes
Parcel Number
NHVN-000098-001008-001800
Land Assessment
$227,500
Improvements Assessment
$709,100
Total Assessment
$936,600
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