Six-Unit Multifamily
For Sale
$1,595,000
50 Nash, New Haven, CT 06511
Six two-bedroom, one-bath units with separate utilities and a large basement with laundry and storage.
Property Size5,661 SF
Price / SF$281.75
Days on Market108
Property Features for 50 Nash
General Information
Standard status
Active
Size
5,661 SF
Property subtype
5 Family+
Building Details
Year Built
1900
Listing Agency:
Seabury Hill REALTORS
(203) 562-1220
Listed By:
John Hill · License #REB.0795121
(203) 675-3942
Source:
Lockandkeyre
Added: Jul 6
Changed: Oct 21
Last Checked: Oct 20 at 9:15PM
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
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Investment Insights
Based on property information with market context.
This six-unit multifamily building offers six two-bedroom, one-bath apartments, with layouts that can be used as three-bedroom configurations. Two of the four apartments have been renovated with updated kitchens and baths, while the remaining units present opportunity for further upgrades. The property includes a large basement with laundry facilities and ample storage, along with separate utilities for gas and electricity.
The building is described as low maintenance, with no off-street parking and a small yard. It is located steps from the boutiques and restaurants along State Street, with access to Downtown New Haven and Yale within minutes.
Units are supported by separate gas and electric service, and the overall configuration includes basement laundry and storage, making day-to-day building operations straightforward.
The building is described as low maintenance, with no off-street parking and a small yard. It is located steps from the boutiques and restaurants along State Street, with access to Downtown New Haven and Yale within minutes.
Units are supported by separate gas and electric service, and the overall configuration includes basement laundry and storage, making day-to-day building operations straightforward.
Key Highlights
- East Rock six‑family building built in 1900 with approximately 6,000 SF of living space
- Six 2‑bedroom, 1‑bath units; each can be used as 3‑bedroom apartments
- Two of four apartments have been renovated with updated kitchens and baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,667
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,773,340
$1.8M
Cap Rate 7%
$1,266,671
$1.3M
Cap Rate 9%
$985,189
$985.2K
Market Conditions
NOI Build-Up for 5,661 SF
Gross rent
$171.9K $30.36/SF
− Vacancy
−$10.7K −$1.88/SF
EGI
$161.2K $28.48/SF
− OpEx
−$72.5K −$12.81/SF
NOI
$88.7K $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%
$1,773,340
Cap Rate 7%
$1,266,671
Cap Rate 9%
$985,189
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,667 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,470 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,051
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six two-bedroom, one-bath units with separate utilities and a large basement with laundry and storage.
Where is this apartment building located?
The property is located at 50 Nash New Haven, CT.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: East Rock six‑family building built in 1900 with approximately 6,000 SF of living space; Six 2‑bedroom, 1‑bath units; each can be used as 3‑bedroom apartments; Two of four apartments have been renovated with updated kitchens and baths
