East Rock Four-Family Investment
51 Nash St, New Haven, CT 06511
Spacious, fully leased four-family property near Yale and East Rock.
Type:Multi Family
Property size:
4,700 SFPrice / SF:
$214/SF- Added:
- May 21, 2026
- Days on Market:
- 10
- Last Refresh:
- May 21 at 2:08 pm
Property Features for 51 Nash St
General Information
- Standard status
- Active
- Size
- 4,700 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing agent Michael Martinez License #RES.0781704 (203) 996-4984
Listing office Wareck Real Estate LLC (203) 996-4984
Listing date May 21, 2026
Source Elliman
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 Wareck Real Estate LLC
HighLights
- Large 4‑family property with over 4,700 sq ft of living space in East Rock.
- Four spacious, fully leased 3‑bedroom, 1‑bath apartments providing immediate income.
- Ideally located near Yale Shuttle, State Street amenities, and East Rock Park.
- Expansive walk‑up third‑floor attic offers potential for future expansion.
- Fenced‑in backyard provides outdoor space for tenants.
- Coin‑operated laundry in the basement.
Overview
This four-family property, located in the East Rock section, offers over 4,700 square feet of living space. The building contains four apartments, each featuring three bedrooms and one bathroom. The units are fully leased, providing immediate income potential. The property is located near the Yale Shuttle, State Street restaurants, cafes, shops, a gym, tennis courts, and East Rock Park. A fenced backyard provides outdoor space for tenants. Coin-operated laundry is located in the basement. The property includes a walk-up third-floor attic, offering additional square footage possibilities for future expansion. The location has a bike score of 70, indicating it is very bikeable, and a walk score of 88, indicating it is very walkable. The transit score is 45, indicating some transit options are available. This property is suitable for investors and owner-occupants.
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 | $121.3k | $25.80 |
| − Vacancy | −$8.2k | −$1.75 |
| EGI | $113.0k | $24.05 |
| − OpEx | −$33.9k | −$7.21 |
| NOI | $79.1k | $16.83 |
4,700 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$988.9K – $1.32M
NOI $79,110 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$1.05M
$920.2K – $1.23M
NOI $73,615 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,831 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- New Haven
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.9090743
- Latitude
- 41.31745
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Spacious, fully leased four-family property near Yale and East Rock.
Where is this quadplex located?
The property is located at 51 Nash St New Haven, CT.
What is the asking price?
The asking price for this property is $1,008,000.
What are key features of this property?
This property features: Large 4‑family property with over 4,700 sq ft of living space in East Rock.; Four spacious, fully leased 3‑bedroom, 1‑bath apartments providing immediate income.; Ideally located near Yale Shuttle, State Street amenities, and East Rock Park.
