6-Unit Apartment
127 James Street, New Haven, CT 06513
For Sale
$874,900
Separate utilities serve the residential units, with off-street parking available on the property.
Property Size4,698 SF
Price / SF$186.23
Days on Market77
Property Features for 127 James Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Multifamily Units
Individually Metered Utilities
Building Details
Building Size
Year Built
Units
Listing Agency:
Alpha Capital Realty, LLC
(860) 507-3394
Listed By:
Anthony Delorenzo · License CT REB.0794751
(203) 814-7387
Source:
Hillside-properties
Added: Aug 26
Changed: Nov 10
Last Checked: Nov 10 at 2:25PM
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 Alpha Capital Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,698-square-foot apartment building contains six residential units and was built in 1875. The property has separate utilities and off-street parking, with RM2 zoning.
At 127 James Street in New Haven’s Fair Haven neighborhood, the building is near schools, parks, shopping, and public transportation. Downtown New Haven and major highways are a short drive away.
At 127 James Street in New Haven’s Fair Haven neighborhood, the building is near schools, parks, shopping, and public transportation. Downtown New Haven and major highways are a short drive away.
Key Highlights
- Six residential units in a 4,698‑square‑foot apartment building
- Separate utilities for the residential units
- Off‑street parking on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,583
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,471,660
$1.5M
Cap Rate 7%
$1,051,186
$1.1M
Cap Rate 9%
$817,589
$817.6K
Market Conditions
NOI Build-Up for 4,698 SF
Gross rent
$142.6K $30.36/SF
− Vacancy
−$8.8K −$1.88/SF
EGI
$133.8K $28.48/SF
− OpEx
−$60.2K −$12.81/SF
NOI
$73.6K $15.66/SF
Area
New Haven, CT
Vacancy
6.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,471,660
Cap Rate 7%
$1,051,186
Cap Rate 9%
$817,589
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$919.8K – $1.23M
NOI $73,583 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,786 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,208
Businesses Nearby
Explore this area
Business Placement
Demographics for 06513, CT
38,618
Population
17,006
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.2 sq mi
ZIP Area
5,364
Density / Sq Mi
$46,520
Median Household Income
$38,369
Median Earnings
$1,208
Median Rent
$226,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in New Haven, CT
Properties on Market for Apartment buildings in New Haven
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Separate utilities serve the residential units, with off-street parking available on the property.
Where is this apartment building located?
The property is located at 127 James Street New Haven, CT.
What is the asking price?
The asking price for this property is $874,900.
What are key features of this property?
This property features: Six residential units in a 4,698‑square‑foot apartment building; Separate utilities for the residential units; Off‑street parking on the property
