Quadplex with Four
1053 Ella T Grasso Boulevard New Haven, CT 06511
1053 Ella T Grasso Boulevard, New Haven, CT, 06511
$399,000
For Sale
$399,000
For sale quadplex comprising four units, sold as-is.
Property Size1,675 SF
Price / SF$238.21
Days on Market49
Property Features for 1053 Ella T Grasso Boulevard
General Information
- Standard status
- Active
- Size
- 1,675 SF
- Property subtype
- Multi-Family / 4 Family
Building Details
- Year Built
- 1982
Listing agency
A & M Real Estate Assoc., LLC
(203) 314-7647
Listed by
Angela Morton · License #REB.0758893
(203) 314-7647
Source
Compass
Added: Jun 3 Updated: Jul 21 at 6:02AM Checked: Jul 21 at 6:02AM
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 A & M Real Estate Assoc., LLC
Investment Insights
Based on property information with market context.
This quadplex is offered for sale as a four-unit residential income property. The property is being sold as-is.
The asset is located at 1053 Ella T Grasso Boulevard in New Haven, Connecticut (06511).
The offering consists of four separate units within the same building, providing a straightforward multi-unit configuration for buyers seeking an income-producing residential property.
The asset is located at 1053 Ella T Grasso Boulevard in New Haven, Connecticut (06511).
The offering consists of four separate units within the same building, providing a straightforward multi-unit configuration for buyers seeking an income-producing residential property.
Key Highlights
- Quadplex with 4 units, sold as‑is
- Year built: 1982
- Interior includes 8 total rooms
Local Financial Insights For Multifamily LT 5
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 | $43.2k | $25.80 |
| − Vacancy | −$2.9k | −$1.75 |
| EGI | $40.3k | $24.05 |
| − OpEx | −$12.1k | −$7.21 |
| NOI | $28.2k | $16.83 |
1,675 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$402.8K
$352.4K – $469.9K
NOI $28,193 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$374.8K
$327.9K – $437.3K
NOI $26,235 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$538.8K
$471.5K – $628.6K
NOI $37,716 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - For sale quadplex comprising four units, sold as-is.
Where is this quadplex located?
The property is located at 1053 Ella T Grasso Boulevard New Haven, CT.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Quadplex with 4 units, sold as‑is; Year built: 1982; Interior includes 8 total rooms
