Classic Multi-Family with 8
431 Dixwell Ave New Haven, CT 06511
431 Dixwell Ave, New Haven, CT, 06511
$619,990
Pending
For Sale
$619,990
Pending
Built in 1930, the property offers 8 bedrooms, 3 bathrooms, and 3,374 square feet of living space.
Property Size3,374 SF
Days on Market85
Property Features for 431 Dixwell Ave
General Information
- Standard status
- Pending
- Size
- 3,374 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing agency
eRealty Advisors, Inc
(203) 572-6180
Listed by
Omar Ruizesparza
(203) 572-6180
Source
Elliman
Added: Apr 28 Updated: Jul 21 at 4:04AM Checked: Jul 21 at 4:04AM
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 eRealty Advisors, Inc
Investment Insights
Based on property information with market context.
This classic multi-family property was built in 1930 and includes a total of 8 bedrooms and 3 bathrooms within 3,374 square feet of living space. The layout is described as versatile, with generous unit sizes, supporting flexible living arrangements and long-term rental use. The offering is presented as an opportunity for both investors and owner-occupants.
The property is located at 431 Dixwell Avenue in New Haven, CT, with convenient access to major routes, shopping, dining, and public transportation. Walk and bike accessibility are rated highly, and the transit score is listed as excellent.
As a residential income asset, the building’s configuration and size are designed to support ongoing occupancy with room for value-added improvements per the seller’s description.
The property is located at 431 Dixwell Avenue in New Haven, CT, with convenient access to major routes, shopping, dining, and public transportation. Walk and bike accessibility are rated highly, and the transit score is listed as excellent.
As a residential income asset, the building’s configuration and size are designed to support ongoing occupancy with room for value-added improvements per the seller’s description.
Key Highlights
- Built in 1930, this multi‑family property offers 3,374 sq ft of living space
- Total of 8 bedrooms and 3 bathrooms across the building
- Located at 431 Dixwell Avenue, New Haven, CT 06511
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 | $102.4k | $30.36 |
| − Vacancy | −$6.4k | −$1.88 |
| EGI | $96.1k | $28.48 |
| − OpEx | −$43.2k | −$12.81 |
| NOI | $52.8k | $15.66 |
3,374 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$754.9K
$660.6K – $880.8K
NOI $52,846 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$949.7K – $1.27M
NOI $75,973 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - Built in 1930, the property offers 8 bedrooms, 3 bathrooms, and 3,374 square feet of living space.
Where is this multifamily property located?
The property is located at 431 Dixwell Ave New Haven, CT.
What is the asking price?
The asking price for this property is $619,990.
What are key features of this property?
This property features: Built in 1930, this multi‑family property offers 3,374 sq ft of living space; Total of 8 bedrooms and 3 bathrooms across the building; Located at 431 Dixwell Avenue, New Haven, CT 06511
