Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    69 Bassett Street New Haven, CT 06511

    View on Map
    Claim this Listing
    New
    Picture of Multifamily properties at 69 Bassett Street, New Haven, CT
    For Sale
    $335,000

    MULTI_FAMILY - New Haven, CT

    Property size:
    2,336 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $143/SF
    Added:
    Apr 30, 2026
    Days on Market:
    3
    Last Refresh:
    May 2 at 12:06 pm

    Property Features for 69 Bassett Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM1
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 1, Bathroom 2, Basement, Bedroom 4, Bedroom 3, Bathroom 1
    Patio and Porch features
    Porch
    Exterior features
    Balcony,Sidewalk,Porch,Gutters,Covered Deck
    Basement
    Full, Concrete
    Standard status
    Active
    Size
    2,336 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    6468

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Carmen Walden

    Listing agent Carmen Walden

    Listing office Realty ONE Group Connect 401 Monroe Turnpike Suite E8, Monroe, CT

    Listing date Apr 30, 2026

    MLS# 24171413 Listing URL

    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.

    Overview

    Newhallville Multifamily Investment Opportunity

    Located in the heart of Newhallville, this multifamily property presents an investment opportunity. The property is suited for contractors, renovators, and buyers seeking a rehab project. Each unit features two bedrooms, one full bathroom, a formal dining room, a living room, and a kitchen. The expansive attic offers possibilities for future expansion, potentially adding extra bedrooms or flexible living space. The furnace and hot water heaters were replaced approximately 8 years ago. The property is being sold AS-IS. Situated minutes from downtown New Haven, residents have access to restaurants, shopping, and Albertus Magnus College. This property offers versatility and upside for investors expanding their portfolio or owner-occupants looking to offset expenses with rental income. The lot size is 0.16 acres, and the property size is 2336 square feet. The zoning is RM1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    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
    -72.928542
    Latitude
    41.331442

    Nearby Similar for Sale

    • $975,000
      13,110 SF

      Westville Multifamily Investment Opportunity

      Spacious duplex in Westville near Yale Bowl.
      1955 Chapel Street, New Haven, CT 06515
      View Details
    • $600,000
      3,422 SF

      Spacious Multifamily Home in Westville

      Charming 3-family home in desirable Westville area of New Haven.
      46 Dayton Street, New Haven, CT 06515
      View Details
    • $599,999
      3,604 SF

      New Haven Multifamily Investment Opportunity

      Spacious multi-family property near Yale, ideal for investors.
      437 Dixwell Avenue, New Haven, CT 06511
      View Details
    • $449,000
      2,584 SF

      Updated Mixed-Use Investment Opportunity

      Updated mixed-use building near Downtown New Haven and Yale University.
      94 Kimberly Avenue, New Haven, CT 06519
      View Details
    • $449,000
      2,584 SF

      Updated Mixed-Use Commercial Building

      Updated mixed-use commercial building near Downtown New Haven and Yale.
      94 Kimberly Avenue, New Haven, CT 06519
      View Details
    • $2,575,000
      10,394 SF

      Updated Multifamily Portfolio in New Haven

      Well-maintained, fully rented 13-unit portfolio in Fair Haven Heights.
      83 E Grand Avenue, New Haven, CT 06513
      View Details
    • $2,575,000
      10,394 SF

      Updated Multifamily Portfolio in New Haven

      Well-maintained, fully rented 13-unit multifamily portfolio in New Haven.
      83 E Grand Avenue, New Haven, CT 06513
      View Details
    • $370,000
      1,080 SF

      New Haven Commercial Building For Sale

      Freestanding commercial building with flexible-use space near Yale and Quinnipiac.
      515 Middletown Avenue, New Haven, CT 06513
      View Details
    • $995,000
      4,583 SF

      East Rock Four-Family Home

      Well-maintained four-family in East Rock, ideal for owner-occupant.
      29 Nicoll Street, New Haven, CT 06511
      View Details
    • $874,900
      3,229 SF

      East Rock Multifamily Investment

      Well-maintained three-family house in desirable East Rock neighborhood.
      16 Edwards Street, New Haven, CT 06511
      View Details
    • $1,999,000
      6,343 SF

      Medical Office with Parking Potential

      Prime location near Yale Medical with parking and restaurant potential.
      1455 Chapel Street, New Haven, CT 06511
      View Details
    • $499,000
      2,496 SF

      Well-Maintained Duplex in New Haven

      Side-by-side duplex with rental income potential near local amenities.
      56 Victory Drive, New Haven, CT 06515
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Multifamily handyman-special near downtown New Haven, ideal for investors.
    Where is this multifamily property located?
    The property is located at 69 Bassett Street New Haven, CT.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: Multifamily property in Newhallville offering investment and rental income potential.; Two functional units, each with 2 bedrooms and 1 bathroom.; Expansive attic with potential for expansion and increased property value.
    (203) 675-8682
    We can help!
    Listing Contact
    Carmen Walden
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    69 Bassett Street, New Haven, CT 06511

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!