Three-Story Apartment
For Sale
Contact for pricing
Pending
48 Dixwell Ave, New Haven, CT 06511
Rental property with updated interiors, electric A/C, gas heat, and an exterior patio.
Property Size6,972 SF
Days on Market191
Property Features for 48 Dixwell Ave
General Information
Standard status
Pending
Size
6,972 SF
Property subtype
Multifamily
Zoning
BB
Building Details
Year Built
1910
Buildings
2
Stories
3
Listing Agency:
Reno Properties Group, LLC
Listed By:
John Mullin · License #0754988
(860) 680-3417
Source:
Crexi
Added: Apr 8
Changed: Oct 7
Last Checked: Oct 15 at 12:04AM
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 Reno Properties Group, LLC
Investment Insights
Based on property information with market context.
This three-story apartment property at 48 Dixwell Ave includes a 4,092 SF building with 10 bedrooms, 5 bathrooms, and 12 total rooms. Interior improvements, electric A/C, gas heat, and an exterior patio contribute to the property’s current configuration. The offering also includes a separate 2,880 SF vacant building, providing additional space for future redevelopment, repositioning, or supplemental use.
Located in New Haven near Yale University, Yale New Haven Health, and a substantial employment base, the property is positioned within an established rental market. The main building is supported by a new one-year lease beginning June 1, 2026, with tenants responsible for utilities. Built in 1910, the property is zoned BB and combines an income-producing apartment building with an additional vacant structure.
Located in New Haven near Yale University, Yale New Haven Health, and a substantial employment base, the property is positioned within an established rental market. The main building is supported by a new one-year lease beginning June 1, 2026, with tenants responsible for utilities. Built in 1910, the property is zoned BB and combines an income-producing apartment building with an additional vacant structure.
Key Highlights
- 4,092 SF three‑story apartment building with 10 bedrooms, 5 bathrooms, and 12 total rooms
- Separate 2,880 SF vacant building included in the offering
- New one‑year lease begins June 1, 2026; tenants are responsible for utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,201
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,184,020
$2.2M
Cap Rate 7%
$1,560,014
$1.6M
Cap Rate 9%
$1,213,344
$1.2M
Market Conditions
NOI Build-Up for 6,972 SF
Gross rent
$211.7K $30.36/SF
− Vacancy
−$13.1K −$1.88/SF
EGI
$198.5K $28.48/SF
− OpEx
−$89.3K −$12.81/SF
NOI
$109.2K $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%
$2,184,020
Cap Rate 7%
$1,560,014
Cap Rate 9%
$1,213,344
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.37M – $1.82M
NOI $109,201 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $156,990 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,209
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Rental property with updated interiors, electric A/C, gas heat, and an exterior patio.
Where is this apartment building located?
The property is located at 48 Dixwell Ave New Haven, CT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,092 SF three‑story apartment building with 10 bedrooms, 5 bathrooms, and 12 total rooms; Separate 2,880 SF vacant building included in the offering; New one‑year lease begins June 1, 2026; tenants are responsible for utilities
