Turnkey Updated Residential Income
163 CHAPEL ST New Haven, CT 06513
163 CHAPEL ST, New Haven, CT, 06513
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For Sale
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Updated multifamily units feature renovated kitchens and bathrooms, plus new hot water tanks and a furnace.
Property Size3,043 SF
Price / SF$328.62
Days on Market93
Property Features for 163 CHAPEL ST
General Information
- Standard status
- Active
- Size
- 3,043 SF
- Property subtype
- Multifamily, Mixed Use
Building Details
- Year Built
- 1900
Listing agency
Roundtree Realty
Listed by
Javyn Roundtree · License #0795713
Source
Crexi
Added: Apr 22 Updated: Jul 22 at 3:18PM Checked: Jul 22 at 3:18PM
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 Roundtree Realty
Investment Insights
Based on property information with market context.
This updated residential income property offers a turnkey configuration with renovated kitchens and bathrooms throughout the units. Additional improvements include new hot water tanks and a furnace, designed to reduce near-term maintenance needs.
The property is located at 163 Chapel St in New Haven, CT 06513. Public remarks note strong in-place income supported by below-market rents, along with convenient access to major employers, public transportation, and local amenities.
The property is located at 163 Chapel St in New Haven, CT 06513. Public remarks note strong in-place income supported by below-market rents, along with convenient access to major employers, public transportation, and local amenities.
Key Highlights
- Updated multifamily units with renovated kitchens and bathrooms
- New hot water tanks and a new furnace
- Strong in‑place income with below‑market rents (upside for future rent increases)
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 | $92.4k | $30.36 |
| − Vacancy | −$5.7k | −$1.88 |
| EGI | $86.7k | $28.48 |
| − OpEx | −$39.0k | −$12.81 |
| NOI | $47.7k | $15.66 |
3,043 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$680.9K
$595.8K – $794.4K
NOI $47,662 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$978.9K
$856.5K – $1.14M
NOI $68,520 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Updated multifamily units feature renovated kitchens and bathrooms, plus new hot water tanks and a furnace.
Where is this multifamily property located?
The property is located at 163 CHAPEL ST New Haven, CT.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Updated multifamily units with renovated kitchens and bathrooms; New hot water tanks and a new furnace; Strong in‑place income with below‑market rents (upside for future rent increases)
