Upgraded Multifamily Investment
126 Sheffield Avenue New Haven, CT 06511
126 Sheffield Avenue, New Haven, CT, 06511
$550,000
For Sale
$550,000
Multifamily property featuring new siding, a new roof, updated electrical service, and separate metering for each unit.
Property Size3,126 SF
Price / SF$175.94
Days on Market166
Property Features for 126 Sheffield Avenue
General Information
- Standard status
- Active
- Size
- 3,126 SF
- Property subtype
- Multi-Family / 3 Family
Building Details
- Year Built
- 1900
Listing agency
Vanguard Private Client Grp
(860) 882-8784
Listed by
Natalie Zoef · License #RES.0817776
(860) 882-8784
Source
Compass
Added: Feb 6 Updated: Jul 20 at 7:13PM Checked: Jul 21 at 6:21AM
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 Vanguard Private Client Grp
Investment Insights
Based on property information with market context.
This upgraded multifamily property is positioned for its next owner with substantial improvements already completed and additional finishing touches currently underway. Updates include brand-new siding and a new roof, along with updated electrical service. The property also offers separate metering for each unit, supporting easier utility management.
Each unit includes its own washer and dryer hookup connections, adding practical in-unit convenience for residents. As work continues, buyers and owner-occupants can complete the remaining items to align the property with their preferences.
Located in New Haven, Connecticut, this income-oriented building is being presented as a ready-to-adapt investment with unit-level utility separation and updated exterior and electrical components.
Each unit includes its own washer and dryer hookup connections, adding practical in-unit convenience for residents. As work continues, buyers and owner-occupants can complete the remaining items to align the property with their preferences.
Located in New Haven, Connecticut, this income-oriented building is being presented as a ready-to-adapt investment with unit-level utility separation and updated exterior and electrical components.
Key Highlights
- Large multifamily in New Haven with extensive upgrades already completed
- Brand‑new siding and a new roof
- Updated electrical service
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 | $94.9k | $30.36 |
| − Vacancy | −$5.9k | −$1.88 |
| EGI | $89.0k | $28.48 |
| − OpEx | −$40.1k | −$12.81 |
| NOI | $49.0k | $15.66 |
3,126 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$751.7K
$657.7K – $877.0K
NOI $52,617 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$699.5K
$612.0K – $816.0K
NOI $48,962 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$1.01M
$879.9K – $1.17M
NOI $70,389 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Multifamily property featuring new siding, a new roof, updated electrical service, and separate metering for each unit.
Where is this triplex located?
The property is located at 126 Sheffield Avenue New Haven, CT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Large multifamily in New Haven with extensive upgrades already completed; Brand‑new siding and a new roof; Updated electrical service
