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
COMMERCIAL - New Haven, CT
Property Size10,394 SF
Lot Size0.79 Acres
Days on Market120
Property Features for 83 E Grand Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- RM1
- Bathrooms
- 14
- Rooms
- Bathroom 6, Bathroom 3, Bathroom 10, Bathroom 13, Bathroom 7, Bathroom 1, Bathroom 11, Bathroom 2, Bathroom 14, Bathroom 9, Bathroom 5, Bathroom 4, Bathroom 8, Bathroom 12
- Exterior features
- Gutters,Lighting
- 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
- Flooring type
- Wood, Carpet - Full, Tile - Ceramic
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 10:27PM Checked: Jul 22 at 12:06AM
MLS# 24161782
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 desirable unit mix including 1-bedroom townhome-style units, ADA-compliant 2-bedroom units, and larger 3 and 4 bedroom apartments. Units feature quality interior finishes such as tile flooring, wood kitchen cabinets, granite countertops, and hardwood floors, with well-maintained kitchens and baths. The asset benefits from historically low tenant turnover, reflecting strong tenant satisfaction and consistent rental demand. There is strong in-place income with upside potential through future rent growth and possible unit expansion opportunities. The property is conveniently located just 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 approximately the same size and are all electric with no central AC. The property was built in 1979, 1930, and 1870. The lot size is 0.79 acres and the property size is 10,394 square feet. The zoning is RM1.
Key Highlights
- 13‑unit multifamily portfolio on East Grand Ave in New Haven’s Fair Haven Heights neighborhood, set across 3 buildings.
- Unit mix includes 1‑bedroom townhome‑style units, ADA‑compliant 2‑bedroom units, plus larger 3 and 4 bedroom apartments.
- Year built per City records: 1979, 1930, and 1870.
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
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Well-maintained, fully rented 13-unit multifamily portfolio in New Haven.
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 on East Grand Ave in New Haven’s Fair Haven Heights neighborhood, set across 3 buildings.; Unit mix includes 1‑bedroom townhome‑style units, ADA‑compliant 2‑bedroom units, plus larger 3 and 4 bedroom apartments.; Year built per City records: 1979, 1930, and 1870.
