Updated Multifamily Portfolio in New
83 E Grand Avenue New Haven, CT 06513
83 E Grand Avenue, New Haven, CT, 06513
$2,575,000
Pending
For Sale
$2,575,000
Pending
MULTI_FAMILY - New Haven, CT
Property Size10,394 SF
Lot Size0.79 Acres
Days on Market119
Property Features for 83 E Grand Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM1
- Bedrooms
- 20
- Bathrooms
- 16
- Rooms
- Bedroom 1, Bedroom 5, Bathroom 8, Bedroom 13, Bedroom 18, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 14, Bedroom 17, Bathroom 1, Bathroom 13, Bathroom 7, Bathroom 6, Bedroom 2, Basement, Bedroom 4, Bathroom 10, Bathroom 12, Bathroom 15, Bedroom 14, Bedroom 11, Bathroom 11, Bedroom 6, Bathroom 2, Bedroom 15, Bedroom 8, Bedroom 7, Bedroom 16, Bedroom 19, Bathroom 9, Bedroom 3, Bedroom 20, Bedroom 12, Bedroom 10, Bedroom 9, Bathroom 16
- Patio and Porch features
- Patio
- Exterior features
- Lighting,Patio
- Basement
- Partial, Partially Finished
- Standard status
- Pending
- 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
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1979
- Architectural style
- Other
Listing agency
Pulse Realty LLC
(203) 672-4888
Listed by
Douglas Ledewitz · License #REB.0759199
(203) 305-5282
Added: Mar 25 Updated: Jul 21 at 4:30PM Checked: Jul 21 at 10:06PM
MLS# 24162101
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 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.
Key Highlights
- 13‑unit multifamily portfolio across three buildings in New Haven’s Fair Haven Heights neighborhood.
- Unit mix includes 1‑bedroom townhome‑style units, ADA‑compliant 2‑bedroom units, plus larger 3- and 4‑bedroom apartments.
- Heating and cooling by unit type: 2BR–4BR units have gas heat and central air; 1BR units are electric with no central AC.
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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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: 13‑unit multifamily portfolio across three buildings in New Haven’s Fair Haven Heights neighborhood.; Unit mix includes 1‑bedroom townhome‑style units, ADA‑compliant 2‑bedroom units, plus larger 3- and 4‑bedroom apartments.; Heating and cooling by unit type: 2BR–4BR units have gas heat and central air; 1BR units are electric with no central AC.
