188 James St New Haven, CT 06513
Four separate units total 8 bedrooms and 4 full bathrooms in a multifamily building with multiple streams of rental income.
- Added:
- Jul 12, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 13 at 2:13 am
Property Features for 188 James St
General Information
- Standard status
- Active
- Size
- 3,388 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing office (475) 227-4312
Listing date Jul 12, 2026
Source Elliman
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 Javyn Roundtree
Investment Insights
Based on property information with market context.
Located in the Fair Haven area of New Haven, the property provides convenient access to downtown New Haven, Yale University, Yale New Haven Hospital, local shopping and restaurants, public transportation, parks, and everyday necessities. Connectivity throughout the region is supported by proximity to I-91 and I-95.
With four units in a single building, the property provides a diversified residential income setup for an owner seeking a larger multifamily asset in New Haven’s rental market.
Key Highlights
- 1900‑built four‑family multifamily on James Street with 4 separate units
- Total of 8 bedrooms and 4 full bathrooms across the four units
- Approximately 3,388 sq ft of living space in the building
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 | $102.9k | $30.36 |
| − Vacancy | −$6.4k | −$1.88 |
| EGI | $96.5k | $28.48 |
| − OpEx | −$43.4k | −$12.81 |
| NOI | $53.1k | $15.66 |
