East Rock Multifamily Investment
For Sale
$1,475,000
317 Willow Street, New Haven, CT 06511
Six-unit apartment building in East Rock, fully leased until 2026.
Property Size3,286 SF
Price / SF$448.87
Days on Market267
Property Features for 317 Willow Street
General Information
Standard status
Active
Size
3,286 SF
Property subtype
Multi-Family / 5 Family+
Zoning
RM1
Site & Location
Neighborhood
Prospect Hill
Taxes and HOA fees
Annual Taxes
$19,874
Amenities
4FE50F1D1DFA6609E063E201100A1D82
Yes
Hot Water
19
Finished, Walk-up
Washer/Dryer All Units
5 out of the 6 unit have private laundry
Sidewalk, Porch, Gutters, Lighting
Not Applicable
Building Details
Year Built
1910
Listing Agency:
Seabury Hill REALTORS
Listed By:
John Hill · License #REB.0795121
(203) 675-3942
Source:
Compass
Added: Feb 1
Changed: Oct 25
Last Checked: Jul 15 at 8:52PM
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 Seabury Hill REALTORS
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Investment Insights
Based on property information with market context.
This is an investment opportunity to own a six-unit apartment building in the East Rock neighborhood. Constructed in 1910, the building is located near Worthington Hooker school, markets, restaurants, and East Rock Park. The property features five one-bedroom apartments and one renovated two-bedroom apartment. The building is fully occupied with leases extending to the summer of 2026. The apartments retain original architectural details, including hardwood floors, high ceilings, and natural light. Each apartment has separate gas heating and hot water. Five of the six units include in-unit laundry, and some also have dishwashers and fireplaces. The building includes a front porch, a two-car garage, and additional off-street parking. The property is in turn-key condition.
Key Highlights
- Fully occupied 6‑unit apartment building in the heart of East Rock with excellent rent roll
- Leases in place until Summer 2026
- Turn‑key condition, perfect for investors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,468
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,360
$1.0M
Cap Rate 7%
$735,257
$735.3K
Cap Rate 9%
$571,867
$571.9K
Market Conditions
NOI Build-Up for 3,286 SF
Gross rent
$99.8K $30.36/SF
− Vacancy
−$6.2K −$1.88/SF
EGI
$93.6K $28.48/SF
− OpEx
−$42.1K −$12.81/SF
NOI
$51.5K $15.66/SF
Area
New Haven, CT
Vacancy
6.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,360
Cap Rate 7%
$735,257
Cap Rate 9%
$571,867
Alternative Uses
Best Use
Apartment 5plus
$735.3K
$643.4K – $857.8K
NOI $51,468 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$924.9K – $1.23M
NOI $73,992 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment building in East Rock, fully leased until 2026.
Where is this apartment building located?
The property is located at 317 Willow Street New Haven, CT.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Fully occupied 6‑unit apartment building in the heart of East Rock with excellent rent roll; Leases in place until Summer 2026; Turn‑key condition, perfect for investors
