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    1351 State St New Haven, CT 06511

    Picture of Investment properties at State St 1351, New Haven, CT
    For Sale
    $2,350,000

    5 Family+, Units On Different Floors - New Haven, CT

    Property size:
    3,965 SF
    Lot size:
    0.12 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 1351 State St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    BA
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    13
    APN
    1241881
    Parking
    7
    Parking features
    Driveway, Paved or Surfaced
    Basement Y/N
    1
    Size
    3,965 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Electric (Heating), Hot Water (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1900
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Eaddy Associates Realty Group (203) 713-8330 [email protected]

    Listing agent Latasha Eaddy (203) 713-8330

    Listing date Oct 7, 2025

    MLS# 24121846 Listing URL

    Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Generating Rooming House with Commercial Space

    This property is a fully legal, income-producing rooming house that has been operating for over 30 years. It features 12 rentable rooms, 1 efficiency unit, and a separate commercial space with frontage on State Street. There are 2 shared bathrooms, a shared kitchen, and coin-operated laundry setup potential. The property includes an on-site manager's apartment with 1 bed, 1 bath, kitchen, and living space, as well as a small room on the lower level suitable for an office. The commercial space has a separate entrance and 1 bath, making it ideal for a restaurant, office, or retail business. The gross income potential is approximately $168,000 per year. The property is a turnkey operation with a decades-long rental history and is well-maintained. The average room size is 12x10 or bigger. The property is located in New Haven, CT, on a lot of 0.12 acres and has a property size of 3965 Square Feet. The property is zoned BA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8978374
    Latitude
    41.3197706

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    FAQs

    What type of property is this?
    Investment property - Legal rooming house with commercial space and strong cash flow.
    Where is this investment property located?
    The property is located at 1351 State St New Haven, CT.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: - High Income Potential: Approximately $336,300/year combined gross income from two fully legal rooming houses.; - Turnkey Investment: Well-maintained properties with long-term rental history, ready for immediate operation.; - Multiple Income Streams: Diversified revenue through private rooms, efficiency units, and commercial space.
    (203) 713-8330
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    1351 State St New Haven, CT 06511
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    New Haven, CT 06511
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1351 State St New Haven, CT 06511
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