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    81 S Water St New Haven, CT 06519

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    For Sale
    $469,900

    Updated multifamily property with strong rental income in City Point.

    Lot size:
    0.12 Acres

    Property Features for 81 S Water St

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1920

    Source: Coldwell Banker Realty Agent Chuck Conti

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Multifamily in City Point

    Located in City Point, across from the Pequonnock Yacht Club and Shell and Bones restaurant, this updated multifamily property presents an opportunity for investors and owner occupants. The property features remodeled kitchens with granite countertops and newer appliances in each unit. Sparkling wood floors are present throughout the units. The bathrooms have been updated with tiled flooring and pedestal sinks. The first-floor bathroom includes a clawfoot tub and a glass shower enclosure. The first floor has access to a wrap-around porch and a covered entry porch. The second-floor unit includes a deck facing the water. Each unit has separate gas-fired, forced hot air furnaces and central air conditioning. This property is located in the historic City Point neighborhood.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9292774
    Latitude
    41.2819481

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    FAQs

    What type of property is this?
    Multifamily property - Updated multifamily property with strong rental income in City Point.
    Where is this multifamily property located?
    The property is located at 81 S Water St New Haven, CT.
    What is the asking price?
    The asking price for this property is $469,900.
    What are key features of this property?
    This property features: - Prime City Point location across from Pequonnock Yacht Club and Shell and Bones restaurant.; - Strong rental income potential for investors.; - **Fully remodeled kitchens with granite countertops and newer appliances in each unit.**
    (203) 640-3667
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    81 S Water St New Haven, CT 06519
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