Renovated Multifamily Property with
31 Greenwood Street, New Haven, CT 06519
Recently renovated multifamily property featuring multiple bedrooms and bathrooms.
Type:Multi Family
Property size:
1,875 SFPrice / SF:
$264/SF- Added:
- May 7, 2025
- Days on Market:
- 389
- Last Refresh:
- May 29 at 2:12 am
Property Features for 31 Greenwood Street
General Information
- Standard status
- Active
- Size
- 1,875 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agent Steven T. Koleno License #REB.0792869 (804) 656-5007
Listing office Beycome of Connecticut (804) 656-5007
Listing date May 7, 2025
Source Exitrealty
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 Beycome of Connecticut
HighLights
- Newly Renovated: Enjoy new kitchens, bathrooms, flooring, and paint.
- High Rental Income Potential: A 'cash cow' with its many bedrooms.
- Seven Bedrooms Total: Featuring 3 bedrooms on the first floor and 4 on the second.
- Two Full Bathrooms: Conveniently located on the second floor.
- Great Location: Situated in a desirable area.
- Level Yard: Offers usable outdoor space.
Overview
This multifamily property features a newly renovated second floor. The renovations include new kitchens, bathrooms, flooring, and paint. The house contains 7 bedrooms in total. The first floor has 3 bedrooms, while the second floor has 4 bedrooms. There are 2 full bathrooms on the second floor. The property includes a level yard and is located in a desirable location. The property size is 1875 square feet.
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 | $56.9k | $30.36 |
| − Vacancy | −$3.5k | −$1.88 |
| EGI | $53.4k | $28.48 |
| − OpEx | −$24.0k | −$12.81 |
| NOI | $29.4k | $15.66 |
1,875 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$419.5K
$367.1K – $489.5K
NOI $29,368 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$603.1K
$527.8K – $703.7K
NOI $42,220 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- New Haven
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.9442539
- Latitude
- 41.3050892
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Recently renovated multifamily property featuring multiple bedrooms and bathrooms.
Where is this apartment building located?
The property is located at 31 Greenwood Street New Haven, CT.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Newly Renovated: Enjoy new kitchens, bathrooms, flooring, and paint.; High Rental Income Potential: A 'cash cow' with its many bedrooms.; Seven Bedrooms Total: Featuring 3 bedrooms on the first floor and 4 on the second.
