Property Description
Following strong investor interest and a review of the property’s financial performance, the asset has been repositioned to reflect its stabilized income and long-term value. Fully stabilized and well-maintained 5-unit multifamily delivering immediate cash flow and operational stability. The property is 100% occupied with proven tenant history, consistent collections, and strong in-place income exceeding $121,800 annually. Several units feature recent updates and improvements that support tenant retention and continued rent growth. Efficient operating expenses and a solid NOI create a strong overall performance profile. Located in a high-demand rental market in New Haven, this turnkey investment offers both immediate yield and long-term upside. Ideal for investors seeking a stabilized, income-producing asset with reliable performance and DSCR-compatible metrics.
Features
- Heating System:
- Gas On Gas
- Cooling System:
- No
- Basement:
- Partial, Partial With Walk-out
- Foundation Type:
- Concrete, Masonry
- Exterior Siding:
- Vinyl Siding, Wood, Aluminum
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 10
- Hot Water Description:
- Natural Gas, 40 Gallon Tank
- Lot Description:
- Level Lot, Corner Lot
- Water Source:
- Public Water Connected
Address Map
- Street:
- James
- Street Number:
- 83
- Floor Number:
- 0
- Longitude:
- W73° 5′ 51.1”
- Latitude:
- N41° 18′ 17.4”
MLS Addon
- Office Name:
- iVision Real Estate
- Agent Name:
- Marie Matta-Isona
- List Agent MLSID:
- ISONAMAR
- List Office MLSID:
- IVIS30
- Tax Year:
- July 2025-June 2026
- Directions:
- GPS Friendly
- Elementary School:
- Per Board of Ed
- High School:
- Per Board of Ed
- HOA Fee Amount:
- $0
- Parcel Number:
- 1244333
- Property Tax:
- $13,052
- Zoning:
- RM2
Multi-family For Sale
83 James, New Haven, 06513
15 Bedrooms
7 Bathrooms
5,600 Sqft
$975,000
Listing ID #24103991
Basic Details
- Property Type :
- Multi-family For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24103991
- Price :
- $975,000
- Bedrooms :
- 15
- Baths Total :
- 7
- Bathrooms :
- 7
- Half Bathrooms :
- 0
- Square Footage :
- 5,600 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.13 Acre
- City:
- New Haven
- Zipcode:
- 06513
- Property Sub Type :
- 5 Family+
- Style :
- Units on different Floors
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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