Six-Unit Multifamily
1003-1005 Whalley, New Haven, CT 06515
For Sale
$1,350,000
Two residential buildings offer varied layouts, private basements, garages, and in-unit laundry.
Property Size7,867 SF
Price / SF$171.60
Days on Market57
Property Features for 1003-1005 Whalley
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
hardwood floors
in-unit laundry
private basement
garages
central air conditioning
forced warm air heat
Building Details
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty
(203) 239-2553
Listed By:
Eric Radziunas · License #RES.0791085
(203) 530-9244
Source:
Lockandkeyre
Added: Sep 12
Changed: Nov 6
Last Checked: Nov 6 at 9:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property includes two residential structures on one lot. The front building is a 1925 three-family home with three 1,250-square-foot units, each configured with two bedrooms, one full bath, and hardwood floors. A separate 1989 townhouse-style building contains three 1,380-square-foot units, each with two bedrooms, one and one-half baths, in-unit laundry, a private basement, and a garage. The townhouse units also feature forced warm air heat and central air conditioning.
The property is fully rented and located at 1003-1005 Whalley Ave in New Haven’s Westville neighborhood. Westville Center, dining, shopping, and direct public transportation are all identified in the surrounding context, with transit access positioned in front of the property.
The property is fully rented and located at 1003-1005 Whalley Ave in New Haven’s Westville neighborhood. Westville Center, dining, shopping, and direct public transportation are all identified in the surrounding context, with transit access positioned in front of the property.
Key Highlights
- Six residential units across two separate buildings
- Front three‑family home with three 1,250‑square‑foot units
- Rear townhouse building contains three 1,380‑square‑foot units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,219
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,464,380
$2.5M
Cap Rate 7%
$1,760,271
$1.8M
Cap Rate 9%
$1,369,100
$1.4M
Market Conditions
NOI Build-Up for 7,867 SF
Gross rent
$238.8K $30.36/SF
− Vacancy
−$14.8K −$1.88/SF
EGI
$224.0K $28.48/SF
− OpEx
−$100.8K −$12.81/SF
NOI
$123.2K $15.66/SF
Area
New Haven, CT
Vacancy
6.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,464,380
Cap Rate 7%
$1,760,271
Cap Rate 9%
$1,369,100
Alternative Uses
Best Use
Multifamily LT 5
$1.89M
$1.66M – $2.21M
NOI $132,417 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$1.76M
$1.54M – $2.05M
NOI $123,219 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,143 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Explore this area
Business Placement
Demographics for 06515, CT
17,877
Population
7,531
Households
2.4
Avg Household Size
33
Median Age
48%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
3,886
Density / Sq Mi
$74,044
Median Household Income
$40,209
Median Earnings
$1,410
Median Rent
$284,200
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in New Haven, CT
Properties on Market for Multifamily properties in New Haven
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residential buildings offer varied layouts, private basements, garages, and in-unit laundry.
Where is this multifamily property located?
The property is located at 1003-1005 Whalley New Haven, CT.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Six residential units across two separate buildings; Front three‑family home with three 1,250‑square‑foot units; Rear townhouse building contains three 1,380‑square‑foot units
