Four-Unit Townhome
For Sale
$1,750,000
15 Colby, New Haven, CT 06515
New four-unit townhome property with private garages, decks, and separately metered units designed for low-maintenance rental operations.
Property Size10,000 SF
Price / SF$175
Days on Market151
Property Features for 15 Colby
General Information
Standard status
Active
Size
10,000 SF
Property subtype
4 Family
Building Details
Year Built
2026
Listing Agency:
HomeSmart Homes and Estates
(203) 557-5088
Listed By:
Michael Bachmann · License #RES.0824866
(203) 833-3681
Source:
Lockandkeyre
Added: May 18
Changed: Oct 13
Last Checked: Oct 14 at 11:39PM
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 HomeSmart Homes and Estates
Investment Insights
Based on property information with market context.
New construction four-unit townhome asset offered as a single investment property, totaling approximately 10,000 gross square feet. The building contains four modern townhome units, each approximately 2,500 SF, configured as 4 bedrooms and 3.1 bathrooms. Each unit features a private one-car garage, a private deck, and high-end interior finishes intended for durability and long-term rental performance. Interiors include hardwood flooring, tile bathrooms, central air conditioning, stainless steel appliances, and in-unit washer and dryer. All units are separately metered to support clean operations and efficient expense allocation, and there is no condominium association created at the time of sale.
The property includes three on-site guest parking spaces plus a bike rack for tenant convenience. The seller is a reputable local builder, and taxes are described as phased in for the first five years. Ownership will transfer as one asset, with a future condo conversion remaining an optional strategy rather than a requirement.
Each unit’s layout and finishes are uniform across the four homes, supported by separate metering and private exterior/garage access. The structure is described as strong throughout, positioned for long-term hold as a residential income property.
The property includes three on-site guest parking spaces plus a bike rack for tenant convenience. The seller is a reputable local builder, and taxes are described as phased in for the first five years. Ownership will transfer as one asset, with a future condo conversion remaining an optional strategy rather than a requirement.
Each unit’s layout and finishes are uniform across the four homes, supported by separate metering and private exterior/garage access. The structure is described as strong throughout, positioned for long-term hold as a residential income property.
Key Highlights
- New construction 4‑unit townhome asset totaling approx. 10,000 gross SF, offered as a single investment property
- Each unit is approx. 2,500 SF with 4 bedrooms and 3.1 bathrooms
- Private one‑car garage plus private deck for every unit, with hardwood floors and tile bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,627
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,132,540
$3.1M
Cap Rate 7%
$2,237,529
$2.2M
Cap Rate 9%
$1,740,300
$1.7M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$303.6K $30.36/SF
− Vacancy
−$18.8K −$1.88/SF
EGI
$284.8K $28.48/SF
− OpEx
−$128.1K −$12.81/SF
NOI
$156.6K $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%
$3,132,540
Cap Rate 7%
$2,237,529
Cap Rate 9%
$1,740,300
Alternative Uses
Best Use
Multifamily LT 5
$2.40M
$2.10M – $2.81M
NOI $168,319 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$2.24M
$1.96M – $2.61M
NOI $156,627 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$3.22M
$2.81M – $3.75M
NOI $225,173 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
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Business Placement
Demographics for 06515, CT
17,877
Population
7,531
Households
2.4
Avg Household Size
33
Median Age
48%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
3,886
Density / Sq Mi
$74,044
Median Household Income
$40,209
Median Earnings
$1,410
Median Rent
$284,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - New four-unit townhome property with private garages, decks, and separately metered units designed for low-maintenance rental operations.
Where is this quadplex located?
The property is located at 15 Colby New Haven, CT.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: New construction 4‑unit townhome asset totaling approx. 10,000 gross SF, offered as a single investment property; Each unit is approx. 2,500 SF with 4 bedrooms and 3.1 bathrooms; Private one‑car garage plus private deck for every unit, with hardwood floors and tile bathrooms
