Six-Unit Renovated Multifamily
177 Chestnut Street New Haven, CT 06511
177 Chestnut Street, New Haven, CT, 06511
$2,349,999
For Sale
$2,349,999
MULTI_FAMILY - New Haven, CT
Property Size6,009 SF
Lot Size0.12 Acres
Price / SF$391.08
Days on Market47
Property Features for 177 Chestnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM2
- Bedrooms
- 16
- Bathrooms
- 12
- Rooms
- Bedroom 2, Bathroom 5, Bedroom 14, Basement, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 8, Bathroom 10, Bedroom 10, Bathroom 2, Bathroom 7, Bathroom 9, Bedroom 11, Bedroom 12, Bathroom 8, Bathroom 11, Bedroom 15, Bedroom 16, Bedroom 9, Bedroom 6, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 7, Bathroom 6, Bedroom 13, Bathroom 12
- Parking
- 5
- Basement
- Unfinished, Full
- Standard status
- Active
- Size
- 6,009 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 22618
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Architectural style
- Other
Listing Agency
Serhant Connecticut, LLC
(203) 489-7800
500 W Putnam Avenue, New York, CT
Listed by
Arian Hoxha · License #RES.0815860
(203) 558-4798
Added: Jun 4 Checked: Jul 20 at 3:06 am
MLS# 24181250
Listing URL
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.
This turn-key six-unit multifamily property at 177 Chestnut Street includes approximately 6,009 square feet within a fully renovated, fully leased setup. The updated units feature modern kitchens, renovated bathrooms, and contemporary finishes, designed around attractive layouts.
The property is zoned RM2 and includes five off-street parking spaces. It is positioned in New Haven’s Wooster Square neighborhood, with proximity to Downtown New Haven, Yale University, Yale New Haven Hospital, Union Station, I-95, and I-91. The area also offers walkable access to Wooster Square Park and well-known local dining, along with rail access to New York City. The offering sits on an approximately 0.12-acre lot.
The property is zoned RM2 and includes five off-street parking spaces. It is positioned in New Haven’s Wooster Square neighborhood, with proximity to Downtown New Haven, Yale University, Yale New Haven Hospital, Union Station, I-95, and I-91. The area also offers walkable access to Wooster Square Park and well-known local dining, along with rail access to New York City. The offering sits on an approximately 0.12-acre lot.
Key Highlights
- 6‑unit multifamily building with approximately 6,009 SF
- Fully renovated and fully leased with long‑term tenants in place
- Updated units with modern kitchens and renovated 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 | $182.4k | $30.36 |
| − Vacancy | −$11.3k | −$1.88 |
| EGI | $171.1k | $28.48 |
| − OpEx | −$77.0k | −$12.81 |
| NOI | $94.1k | $15.66 |
6,009 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.34M
$1.18M – $1.57M
NOI $94,117 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,306 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Turn-key six-unit multifamily offering renovated interiors, fully leased status, and five off-street parking spaces.
Where is this apartment building located?
The property is located at 177 Chestnut Street New Haven, CT.
What is the asking price?
The asking price for this property is $2,349,999.
What are key features of this property?
This property features: 6‑unit multifamily building with approximately 6,009 SF; Fully renovated and fully leased with long‑term tenants in place; Updated units with modern kitchens and renovated bathrooms
