Four-Unit Townhome
15 Colby Court New Haven, CT 06515
15 Colby Court, New Haven, CT, 06515
$1,750,000
For Sale
$1,750,000
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 Market67
Property Features for 15 Colby Court
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) 833-3681
Listed by
Michael Bachmann · License #RES.0824866
(203) 833-3681
Source
Lockandkeyre
Added: May 18 Updated: Jul 21 at 10:36PM Checked: Jul 22 at 4:59AM
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
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 | $303.6k | $30.36 |
| − Vacancy | −$18.8k | −$1.88 |
| EGI | $284.8k | $28.48 |
| − OpEx | −$128.1k | −$12.81 |
| NOI | $156.6k | $15.66 |
10,000 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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 Court 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
