For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multifamily Property in Foxon Area Title is generated by Realmo AI

    116 Old Foxon Rd, East Haven, CT 06513

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Located in a desirable neighborhood, close to amenities and transportation.

    Type:Multifamily
    Property size:
    3,364 SF
    Price / SF:
    $285/SF
    Added:
    Feb 20, 2026
    Days on Market:
    137
    Last Refresh:
    Jun 28 at 7:41 pm

    Property Features for 116 Old Foxon Rd

    General Information

    Standard status
    Active
    Size
    3,364 SF
    Property subtype
    Multifamily

    We can help!

    Contact an agent
    Javyn Roundtree

    Listing office Roundtree Realty

    Listing date Feb 20, 2026

    Source Crexi

    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 Roundtree Realty

    HighLights

    • Located in a Class A neighborhood in the desirable Foxon area.
    • Positioned to achieve an 8‑cap with lease‑up.
    • Ideal value‑add opportunity with strong long‑term fundamentals.
    • Close to I‑95 & Route 1.
    • Proximity to shopping and dining.
    • Minutes to downtown New Haven/Yale and East Haven beaches/parks.

    Overview

    This multifamily property is situated in the Foxon area, a Class A neighborhood. Its location provides convenient access to I-95 and Route 1, as well as shopping and dining options. The property is also located within minutes of downtown New Haven, Yale University, and the beaches and parks of East Haven. The property has a size of 3364 square feet. According to the listing, with lease-up, the property can be positioned to achieve an 8-cap, potentially making it a value-add investment.

    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 $102.1k $30.36
    − Vacancy −$6.3k −$1.88
    EGI $95.8k $28.48
    − OpEx −$43.1k −$12.81
    NOI $52.7k $15.66
    3,364 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $752.7K
    $658.6K – $878.2K (±1% cap)
    NOI $52,689 @ 7.0% cap · market cap 5.49%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.08M
    $946.9K – $1.26M (±1% cap)
    NOI $75,748 @ 7.0% cap · market cap 7.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Dental Office Real Estate Agency Law Firm Kitchen & Bath Showroom Gym & Fitness Center Auto Parts Store Carpet & Flooring Store Home Appliance Store Catering Service Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8650638
    Latitude
    41.3198268

    FAQs

    What type of property is this?
    Multifamily property - Located in a desirable neighborhood, close to amenities and transportation.
    Where is this multifamily property located?
    The property is located at 116 Old Foxon Rd East Haven, CT.
    What is the asking price?
    The asking price for this property is $960,000.
    What are key features of this property?
    This property features: Located in a Class A neighborhood in the desirable Foxon area.; Positioned to achieve an 8‑cap with lease‑up.; Ideal value‑add opportunity with strong long‑term fundamentals.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message