1031 Exchange Property with
For Sale
$1,895,000
1455 Chapel Street, New Haven, CT 06511
Commercial For Sale, New Haven, CT
Property Size6,343 SF
Lot Size0.51 Acres
Price / SF$298.75
Days on Market198
Property Features for 1455 Chapel Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RO
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4
Parking
52
Security features
Security System
Interior features
Security System
Exterior features
Sidewalk,Gutters,Lighting,Pole Sign
Lot features
Level Lot
Directions
GPS Friendly
Standard status
Active
Size
6,343 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
21098
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Steam
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Listing Agency:
Compass Connecticut, LLC
(203) 245-1593
Listed By:
John Campbell · License #RES.0769152
(203) 415-5439
Added: Mar 30
Changed: Oct 7
Last Checked: Oct 13 at 3:06AM
MLS# 24163167
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering combines two parcels totaling 0.51 acres. The primary improvement at 1455 Chapel Street contains 6,343 square feet configured as medical office and residence space. Built in 1900, the building includes central air, steam heat, a security system, lighting, gutters, sidewalks, and a pole sign. Public water and public sewer serve the property, with cable available.
An additional 0.16-acre parking parcel fronts Sherman Avenue and has a 15-foot entrance. The Chapel Street property provides 71 feet of frontage, while the two parcels together include 52 parking spaces. Both parcels are zoned RO and are positioned in the Yale Medical Community, directly across from Saint Raphael’s and near Yale medical activity.
An additional 0.16-acre parking parcel fronts Sherman Avenue and has a 15-foot entrance. The Chapel Street property provides 71 feet of frontage, while the two parcels together include 52 parking spaces. Both parcels are zoned RO and are positioned in the Yale Medical Community, directly across from Saint Raphael’s and near Yale medical activity.
Key Highlights
- Two parcels total 0.51 acres and are both zoned RO
- 6,343‑square‑foot medical office and residence at 1455 Chapel Street
- Combined parking inventory of 52 spaces across both parcels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,162
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,943,240
$1.9M
Cap Rate 7%
$1,388,029
$1.4M
Cap Rate 9%
$1,079,578
$1.1M
Market Conditions
NOI Build-Up for 6,343 SF
Gross rent
$175.1K $27.60/SF
− Vacancy
−$13.1K −$2.07/SF
EGI
$161.9K $25.53/SF
− OpEx
−$64.8K −$10.21/SF
NOI
$97.2K $15.32/SF
Area
New Haven, CT
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,943,240
Cap Rate 7%
$1,388,029
Cap Rate 9%
$1,079,578
Alternative Uses
Best Use
Healthcare Medical
$1.39M
$1.21M – $1.62M
NOI $97,162 @ 7.0% cap · market cap 5.13%
Second Best
Office B
$1.37M
$1.20M – $1.60M
NOI $96,203 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,827 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in New Haven, CT
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Frequently Asked Questions
What type of property is this?
1031 exchange property - Medical office and residential improvements accompany two RO-zoned parcels with substantial on-site parking.
Where is this 1031 exchange property located?
The property is located at 1455 Chapel Street New Haven, CT.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Two parcels total 0.51 acres and are both zoned RO; 6,343‑square‑foot medical office and residence at 1455 Chapel Street; Combined parking inventory of 52 spaces across both parcels
