Updated Multifamily Portfolio in New
83 E Grand Avenue, New Haven, CT 06513
MULTI_FAMILY - New Haven, CT
Property size:
10,394 SFLot size:
0.79 AcresPrice / SF:
$247/SF- Added:
- Mar 25, 2026
- Days on Market:
- 73
- Last Refresh:
- Jun 5 at 7:06 am
Property Features for 83 E Grand Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM1
- Bedrooms
- 20
- Bathrooms
- 16
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 6, Bedroom 20, Bedroom 1, Bedroom 17, Bathroom 3, Bathroom 7, Bedroom 5, Bathroom 4, Bathroom 9, Bathroom 11, Bathroom 12, Bedroom 16, Bathroom 14, Bedroom 2, Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 15, Bedroom 12, Bedroom 18, Bedroom 11, Bathroom 8, Bathroom 13, Bedroom 14, Bathroom 15, Bedroom 19, Bedroom 10, Bathroom 10, Bedroom 9, Bathroom 16, Bedroom 13, Bathroom 6, Bedroom 8, Basement, Bathroom 5
- Patio and Porch features
- Patio
- Exterior features
- Lighting,Patio
- Basement
- Partial, Partially Finished
- Standard status
- Active Under Contract
- Size
- 10,394 SF
- Lot size
- 0.79 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 36902
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1979
- Architectural style
- Other
Listing agent Douglas Ledewitz License #REB.0759199 (203) 305-5282
Listing office Pulse Realty LLC 817 Grand Avenue, New Haven, CT (203) 672-4888
Listing date Mar 25, 2026
MLS# 24162101
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.
HighLights
- Fully rented, 13‑unit multifamily portfolio with strong in‑place income and upside potential.
- Desirable unit mix including 1‑bedroom townhome‑style units, ADA‑compliant 2‑bedroom units, and larger 3 and 4 bedroom apartments.
- Convenient location minutes from I‑91, I‑95, downtown New Haven, Yale University, and major employment centers.
- Historically low tenant turnover, reflecting strong tenant satisfaction and consistent rental demand.
- Quality interior finishes such as tile flooring, wood kitchen cabinets, granite countertops, and hardwood floors.
- 2, 3, and 4 BR units have gas heat and central air.
Overview
This is a fully rented, 13-unit multifamily portfolio located on East Grand Ave in New Haven's Fair Haven Heights neighborhood. The property consists of three buildings with a unit mix including 1-bedroom townhome-style units, ADA-compliant 2-bedroom units, and larger 3 and 4 bedroom apartments. Units feature interior finishes such as tile flooring, wood kitchen cabinets, granite countertops, and hardwood floors. The property benefits from historically low tenant turnover. There is in-place income with upside potential through future rent growth and possible unit expansion opportunities. The property is located minutes from I-91, I-95, downtown New Haven, Yale University, and major employment centers, with close proximity to public transportation, schools, shopping, dining, and local businesses within a high-demand rental market. The 2, 3, and 4-bedroom units have gas heat and central air. The 1-bedroom units are all electric with no central AC and are approximately the same size. The property was built in 1979, 1930, and 1870. The lot size is 0.79 acres and the property size is 10394 square feet. The zoning is RM1.
Local Financial Insights For Apartment 5plus
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 | $315.6k | $30.36 |
| − Vacancy | −$19.6k | −$1.88 |
| EGI | $296.0k | $28.48 |
| − OpEx | −$133.2k | −$12.81 |
| NOI | $162.8k | $15.66 |
10,394 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.33M
$2.03M – $2.71M
NOI $162,798 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.34M
$2.93M – $3.90M
NOI $234,045 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- New Haven
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.884502
- Latitude
- 41.307235
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained, fully rented 13-unit portfolio in Fair Haven Heights.
Where is this apartment building located?
The property is located at 83 E Grand Avenue New Haven, CT.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: Fully rented, 13‑unit multifamily portfolio with strong in‑place income and upside potential.; Desirable unit mix including 1‑bedroom townhome‑style units, ADA‑compliant 2‑bedroom units, and larger 3 and 4 bedroom apartments.; Convenient location minutes from I‑91, I‑95, downtown New Haven, Yale University, and major employment centers.
