485 East Street

New Haven, CT 06511 Directions
$385,000
  • 9Bed
  • 3Baths
  • 2,616Sqft
  • 0.07Acres
  • 1900Built
  • $147Price/Sqft

Property Highlights

  • Style: Units on different Floors
  • Days on Market: 26
  • MLS: 24057738
  • Listing Pending

Property Highlights

  • Style: Units on different Floors
  • Days on Market: 26
  • MLS: 24057738
  • Listing Pending

This 3-family property, situated directly across from Jocelyn Park, offers a rare chance to acquire a multifamily building in a highly desirable location. Just steps from East St. and State St., tenants will enjoy easy access to local restaurants, bars, and shops, making this a sought-after rental location. Each unit features 2-3 bedrooms with abundant natural light, perfect for attracting quality tenants. Two of the units boast updated kitchens and bathrooms, ready for immediate occupancy or rental. The first unit is currently rented at below-market value, providing clear potential for rent increases and higher cash flow. Investors will recognize...

Property Highlights

  • Style: Units on different Floors
  • Days on Market: 26
  • MLS: 24057738
  • Listing Pending

This 3-family property, situated directly across from Jocelyn Park, offers a rare chance to acquire a multifamily building in a highly desirable location. Just steps from East St. and State St., tenants will enjoy easy access to local restaurants, bars, and shops, making this a sought-after rental location. Each unit features 2-3 bedrooms with abundant natural light, perfect for attracting quality tenants. Two of the units boast updated kitchens and bathrooms, ready for immediate occupancy or rental. The first unit is currently rented at below-market value, providing clear potential for rent increases and higher cash flow. Investors will recognize the serious upside here-whether you're looking to stabilize the asset with market-rate tenants or owner-occupy and have your mortgage covered by rental income. With updated properties in the area fetching $480k and higher, this is a solid value-add play with significant appreciation potential. Property is being sold as-is, where-is-ideal for savvy investors who understand the potential in New Haven's growing rental market.

This 3-family property, situated directly across from Jocelyn Park, offers a rare chance to acquire a multifamily building in a highly desirable location. Just steps from East St. and State St., tenants will enjoy easy access to local restaurants, bars, and shops, making this a sought-after rental location. Each unit features 2-3 bedrooms with abundant natural light, perfect for attracting quality tenants. Two of the units boast updated kitchens and bathrooms, ready for immediate occupancy or rental. The first unit is currently rented at below-market value, providing clear potential for rent increases and higher cash flow. Investors will recognize the serious upside here-whether you're looking to stabilize the asset with market-rate tenants or owner-occupy and have your mortgage covered by rental income. With updated properties in the area fetching $480k and higher, this is a solid value-add play with significant appreciation potential. Property is being sold as-is, where-is-ideal for savvy investors who understand the potential in New Haven's growing rental market.

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  • Additional Information
    • Acres: 0.07
    • Basement Description: Full, Unfinished, Shared Basement
    • Gross Expenses: 12118
    • Gross Income: 10980
    • High School: Per Board of Ed
    • Is Occupied?: Tenant
    • Living Area SqFt: 2,616
    • Property Tax: $6,069
    • Sewer: Public Sewer Connected
    • Style: Units on different Floors
    • Tax Amount: $6,069
    • Unit Count: 3
    • Year Built: 1900
    • Year Built Details: Public Records
    • Zoning: RM2
  • Interior Features
    • Beds: 9
    • Full Baths: 3
    • Furnace Type: Natural Gas
    • Heat: Natural Gas
    • Heat Fuel: Natural Gas
    • Hot Water: Other
    • Rooms: 18
    • Total Baths: 3
  • Exterior Features
    • Exterior Siding: Vinyl Siding
    • Roof: Asphalt Shingle

Listing Courtesy of Jessica Hamilton of Berkshire Hathaway NE Prop.

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