8-Unit Residential Income
43 Edwards Street New Haven, CT 06511
43 Edwards Street, New Haven, CT, 06511
$1,600,000
For Sale
$1,600,000
Eight well-maintained apartments include separate gas boiler and electricity metering with coin-op laundry and a large yard.
Property Size8,720 SF
Price / SF$183.49
Days on Market14
Property Features for 43 Edwards Street
General Information
- Standard status
- Active
- Size
- 8,720 SF
- Property subtype
- Multi-Family / 5 Family+
Building Details
- Year Built
- 1900
Listing agency
Seabury Hill REALTORS
(203) 675-3942
Listed by
John Hill · License #REB.0795121
(203) 675-3942
Source
Compass
Added: Jul 9 Updated: Jul 21 at 11:10PM Checked: Jul 21 at 11:10PM
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
Investment Insights
Based on property information with market context.
This property is an eight-unit residential income building featuring four one-bedroom apartments and four two-bedroom apartments. Units are described as having high ceilings with natural light, eat-in kitchens, tile baths, and spacious bedrooms.
Utilities are separately metered for gas boilers and electricity, while hot water is common and included in the monthly rent. A coin-operated laundry facility is located in the basement, and the building includes a large yard.
The offering is for sale, and the building is presented as having been carefully maintained by the same owner for an extended period.
Utilities are separately metered for gas boilers and electricity, while hot water is common and included in the monthly rent. A coin-operated laundry facility is located in the basement, and the building includes a large yard.
The offering is for sale, and the building is presented as having been carefully maintained by the same owner for an extended period.
Key Highlights
- 8‑unit apartment building with 4 one‑bedroom and 4 two‑bedroom apartments
- Separately metered gas boilers and electricity for each unit; hot water is common and included in the monthly rent
- Finished, walk‑up attic with attic access (Attic YN: Yes)
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 | $264.7k | $30.36 |
| − Vacancy | −$16.4k | −$1.88 |
| EGI | $248.3k | $28.48 |
| − OpEx | −$111.7k | −$12.81 |
| NOI | $136.6k | $15.66 |
8,720 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.95M
$1.71M – $2.28M
NOI $136,579 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.45M – $3.27M
NOI $196,351 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Eight well-maintained apartments include separate gas boiler and electricity metering with coin-op laundry and a large yard.
Where is this apartment building located?
The property is located at 43 Edwards Street New Haven, CT.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 8‑unit apartment building with 4 one‑bedroom and 4 two‑bedroom apartments; Separately metered gas boilers and electricity for each unit; hot water is common and included in the monthly rent; Finished, walk‑up attic with attic access (Attic YN: Yes)
