Renovated Multifamily Property in
40 Fairfield Street New Haven, CT 06515
40 Fairfield Street, New Haven, CT, 06515
$699,900
Pending
For Sale
$699,900
Pending
MULTI_FAMILY - New Haven, CT
Property Size3,360 SF
Lot Size0.15 Acres
Days on Market58
Property Features for 40 Fairfield Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM2
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 7, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 3, Basement, Bedroom 8, Bedroom 9, Bedroom 4
- Parking
- 6
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Basement
- Full, Unfinished
- Standard status
- Pending
- Size
- 3,360 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 10949
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1928
- Architectural style
- Other
Listing agency
Pulse Realty LLC
(203) 672-4888
Listed by
Douglas Ledewitz · License #REB.0759199
(203) 305-5282
Added: May 26 Updated: Jul 7 at 1:37AM Checked: Jul 22 at 9:06PM
MLS# 24178199
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This extensively renovated three-family property offers over 3,360 square feet of living space in New Haven's Westville area. The well-maintained multifamily features three spacious 3-bedroom, 1-bath units. Each unit includes hardwood floors, gas heat, central air conditioning, updated kitchens and baths, wood cabinetry, granite countertops, generous living and dining areas, and abundant natural light. The building was fully renovated in 2015/16, including kitchens, bathrooms, electrical, plumbing, mechanicals, windows, and flooring. The property offers separate utilities, a house meter for common electric, off-street parking, and a full unfinished basement providing storage space. The property is located near parks, shopping, restaurants, public transportation, downtown New Haven, Yale amenities, and major commuter routes including Route 15 and I-95. The lot size is 0.15 acres. The property is zoned RM2.
Key Highlights
- Three‑family home with over 3,360 SF of living space in New Haven’s Westville area
- Fully renovated in 2015/16, including kitchens, bathrooms, electrical, plumbing, mechanicals, windows, and flooring
- Three spacious 3‑bedroom, 1‑bath units with hardwood floors, gas heat, and central air conditioning
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.7k | $25.80 |
| − Vacancy | −$5.9k | −$1.75 |
| EGI | $80.8k | $24.05 |
| − OpEx | −$24.2k | −$7.21 |
| NOI | $56.6k | $16.83 |
3,360 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$807.9K
$706.9K – $942.6K
NOI $56,555 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$751.8K
$657.8K – $877.1K
NOI $52,627 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.08M
$945.7K – $1.26M
NOI $75,658 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Extensively renovated three-family property in New Haven's Westville area.
Where is this triplex located?
The property is located at 40 Fairfield Street New Haven, CT.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three‑family home with over 3,360 SF of living space in New Haven’s Westville area; Fully renovated in 2015/16, including kitchens, bathrooms, electrical, plumbing, mechanicals, windows, and flooring; Three spacious 3‑bedroom, 1‑bath units with hardwood floors, gas heat, and central air conditioning
