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Mixed-Use Building with Retail
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124 Temple St, New Haven, CT 06510

Ten apartments and a ground-floor restaurant occupy a corner brick-and-stone building near Yale University.

Property Size12,618 SF
Days on Market143

Property Features for 124 Temple St

General Information

Standard status Active
Size 12,618 SF
Elevators Yes
Property subtype Mixed Use, Multifamily, Retail

Additional Details

Corner Location Yes
Multifamily Units 10

Amenities

in-unit washer & dryer

Building Details

Buildings 1
Construction brick-stone
Tenancy Multi
Listing Agency: Farnam Realty Group
Listed By: Yoon Lee · License #0806270
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 6:56AM

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 Farnam Realty Group

Investment Insights

Based on property information with market context.

This mixed-use property combines 10 residential units with a ground-floor commercial space currently occupied by Olives and Oil. The building contains approximately 12,618 square feet, including 8,412 square feet of apartment area and 4,206 square feet configured for restaurant use. Residential features include in-unit washers and dryers, along with elevator service. The exterior presents a historic brick-and-stone façade with decorative cornices and stone detailing on a corner site.

The property is located in downtown New Haven within blocks of Yale University's central campus and near the restaurants and cultural venues around Crown Street. The commercial lease extends through September 30, 2031, and includes annual rent escalations. The ground-floor tenant is responsible for 33.33% of the building's taxes, insurance, and common area maintenance expenses.

Key Highlights

  • 10 residential units plus 1 ground‑floor commercial space
  • Approximately 12,618 square feet, including 8,412 square feet of apartments and 4,206 square feet of restaurant area
  • Commercial lease runs through September 30, 2031, with annual rent escalations

Property Analytics

Current Use

United Illuminating Company ... Tour Operator Olives and Oil Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Locksmith Tattoo & Piercing Shop Adult Day Care Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

9,561
Businesses Nearby

Demographics for 06510, CT

4,409
Population
2,953
Households
1.5
Avg Household Size
29
Median Age
82%
College-Educated
96%
High-School Grad
0.3 sq mi
ZIP Area
14,697
Density / Sq Mi
$63,598
Median Household Income
$55,591
Median Earnings
$1,908
Median Rent
$495,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ten apartments and a ground-floor restaurant occupy a corner brick-and-stone building near Yale University.
Where is this mixed-use property located?
The property is located at 124 Temple St New Haven, CT.
What are key features of this property?
This property features: 10 residential units plus 1 ground‑floor commercial space; Approximately 12,618 square feet, including 8,412 square feet of apartments and 4,206 square feet of restaurant area; Commercial lease runs through September 30, 2031, with annual rent escalations
More about this property
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