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    Renovated Multifamily Property in Westville

    40 Fairfield Street New Haven, CT 06515

    Claim this Listing
    Pending
    $699,900

    MULTI_FAMILY - New Haven, CT

    Property size:
    3,360 SF
    Lot size:
    0.15 Acres
    Added:
    May 26, 2026
    Days on Market:
    48
    Last Refresh:
    Jul 12 at 7:06 am

    Property Features for 40 Fairfield Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM2
    Bedrooms
    9
    Bathrooms
    3
    Rooms
    Bedroom 7, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 3, Basement, Bedroom 8, Bedroom 9, Bedroom 4
    Parking
    6
    Patio and Porch features
    Porch
    Exterior features
    Porch
    Basement
    Full, Unfinished
    Standard status
    Pending
    Size
    3,360 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    10949

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1928
    Architectural style
    Other

    Listing agent Douglas Ledewitz License #REB.0759199

    Listing office Pulse Realty LLC 817 Grand Avenue, New Haven, CT

    Listing date May 26, 2026

    MLS# 24178199 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 extensively renovated three-family property offers over 3,360 square feet of living space in New Haven's Westville area. The well-maintained multifamily features three spacious 3-bedroom, 1-bath units. Each unit includes hardwood floors, gas heat, central air conditioning, updated kitchens and baths, wood cabinetry, granite countertops, generous living and dining areas, and abundant natural light. The building was fully renovated in 2015/16, including kitchens, bathrooms, electrical, plumbing, mechanicals, windows, and flooring. The property offers separate utilities, a house meter for common electric, off-street parking, and a full unfinished basement providing storage space. The property is located near parks, shopping, restaurants, public transportation, downtown New Haven, Yale amenities, and major commuter routes including Route 15 and I-95. The lot size is 0.15 acres. The property is zoned RM2.

    Key Highlights

    • Three‑family home with over 3,360 SF of living space in New Haven’s Westville area
    • Fully renovated in 2015/16, including kitchens, bathrooms, electrical, plumbing, mechanicals, windows, and flooring
    • Three spacious 3‑bedroom, 1‑bath units with hardwood floors, gas heat, and central air conditioning

    Local Financial Insights For Multifamily LT 5

    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 $86.7k $25.80
    − Vacancy −$5.9k −$1.75
    EGI $80.8k $24.05
    − OpEx −$24.2k −$7.21
    NOI $56.6k $16.83
    3,360 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $807.9K
    $706.9K – $942.6K (±1% cap)
    NOI $56,555 @ 7.0% cap · market cap 8.08%
    Second Best
    Apartment 5plus
    $751.8K
    $657.8K – $877.1K (±1% cap)
    NOI $52,627 @ 7.0% cap · market cap 7.52%
    Theoretical Best
    Office A
    $1.08M
    $945.7K – $1.26M (±1% cap)
    NOI $75,658 @ 7.0% cap · market cap 10.81%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    HVAC Service Bakery Real Estate Agency Locksmith Catering Service (Bike/Boat/Book/etc) Store Skin Care Clinic Dental Office (Bike/Boat/Book/etc) Store Florist

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Triplex - Extensively renovated three-family property in New Haven's Westville area.
    Where is this triplex located?
    The property is located at 40 Fairfield Street New Haven, CT.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: Three‑family home with over 3,360 SF of living space in New Haven’s Westville area; Fully renovated in 2015/16, including kitchens, bathrooms, electrical, plumbing, mechanicals, windows, and flooring; Three spacious 3‑bedroom, 1‑bath units with hardwood floors, gas heat, and central air conditioning
    Contact an agent
    (203) 305-5282
    We can help!
    Contact an agent
    Douglas Ledewitz
    Real Estate License ID: REB.0759199
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