9-Unit Apartment
32 Clinton Ave, New Haven, CT 06513
For Sale
$1,250,000
Nine one-bedroom residences in New Haven’s Fair Haven neighborhood, near Yale, downtown, shopping, dining, transit, and major highways.
Property Size5,484 SF
Price / SF$227.94
Days on Market138
Property Features for 32 Clinton Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Roundtree Realty LLC
Listed By:
Javyn Roundtree · License #0795713
(475) 227-4312
Source:
Fairfieldcounty-properties
Added: Jun 25
Changed: Nov 7
Last Checked: Nov 8 at 7:03AM
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 LLC
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Investment Insights
Based on property information with market context.
Located at 32 Clinton Avenue in New Haven’s Fair Haven neighborhood, this apartment building contains nine one-bedroom units. The configuration provides multiple residential units within a single property and supports rental use across the building.
The property is near downtown New Haven, Yale University, Yale New Haven Hospital, local retailers, restaurants, public transportation, neighborhood parks, and the Quinnipiac River. I-91 and I-95 provide highway access, while nearby employers, educational institutions, and everyday services contribute to the surrounding residential setting.
The property is near downtown New Haven, Yale University, Yale New Haven Hospital, local retailers, restaurants, public transportation, neighborhood parks, and the Quinnipiac River. I-91 and I-95 provide highway access, while nearby employers, educational institutions, and everyday services contribute to the surrounding residential setting.
Key Highlights
- 9‑unit apartment building with nine one‑bedroom units
- Located at 32 Clinton Avenue in New Haven’s Fair Haven neighborhood
- Near Yale University and Yale New Haven Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,894
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,717,880
$1.7M
Cap Rate 7%
$1,227,057
$1.2M
Cap Rate 9%
$954,378
$954.4K
Market Conditions
NOI Build-Up for 5,484 SF
Gross rent
$166.5K $30.36/SF
− Vacancy
−$10.3K −$1.88/SF
EGI
$156.2K $28.48/SF
− OpEx
−$70.3K −$12.81/SF
NOI
$85.9K $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%
$1,717,880
Cap Rate 7%
$1,227,057
Cap Rate 9%
$954,378
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,894 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,485 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
Explore this area
Business Placement
Demographics for 06513, CT
38,618
Population
17,006
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.2 sq mi
ZIP Area
5,364
Density / Sq Mi
$46,520
Median Household Income
$38,369
Median Earnings
$1,208
Median Rent
$226,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in New Haven, CT
Properties on Market for Apartment buildings in New Haven
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Nine one-bedroom residences in New Haven’s Fair Haven neighborhood, near Yale, downtown, shopping, dining, transit, and major highways.
Where is this apartment building located?
The property is located at 32 Clinton Ave New Haven, CT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 9‑unit apartment building with nine one‑bedroom units; Located at 32 Clinton Avenue in New Haven’s Fair Haven neighborhood; Near Yale University and Yale New Haven Hospital
