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Four-Unit Apartment Building with Garage
For Sale
Contact for pricing
Pending

171 Chestnut St, New Haven, CT 06511

RM2-zoned multifamily property with residential units and a private rear garage.

Property Size3,900 SF
Days on Market217

Property Features for 171 Chestnut St

General Information

Standard status Pending
Size 3,900 SF
Class A
Total Parking Spaces 4
Property subtype Multifamily
Zoning RM2
Occupancy 75%

Units

Unit Mix 4 x 2BR
Multifamily Units 4

Building Details

Year Built 1900
Buildings 1
Stories 2
Units 4
Listing Agency: Baldwin Pearson & Company
Listed By: Daniel Shawah · License #RES.0829215
Source: Crexi
Added: Jan 25 Changed: Aug 30 Last Checked: Aug 30 at 6:55AM

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 Baldwin Pearson & Company

Investment Insights

Based on property information with market context.

Located at 171 Chestnut St in New Haven, CT, this 3,900 SF multifamily property contains four two-bedroom apartments and a private four-car garage at the rear. Constructed in 1900, the building is zoned RM2 and offers a residential configuration with separate apartment units.

The property is positioned in the Wooster Square neighborhood on a tree-lined side street. Select lease expirations and flexible tenancy create the potential for owner-user occupancy of one or more apartments while retaining other units for residential income. The private garage provides dedicated off-street parking and storage capacity associated with the building.

Key Highlights

  • Four two‑bedroom apartments
  • Private four‑car rear garage
  • 3,900 SF multifamily property

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Locksmith Nursing Home Grocery & Convenience Store Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

3,642
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - RM2-zoned multifamily property with residential units and a private rear garage.
Where is this quadplex located?
The property is located at 171 Chestnut St New Haven, CT.
What are key features of this property?
This property features: Four two‑bedroom apartments; Private four‑car rear garage; 3,900 SF multifamily property
(203) 335-5117 Call to check price and availability
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