Turnkey Four-Family
525 WHITNEY AVE New Haven, CT 06511
For Sale
Contact for pricing
Meticulously maintained four-family with recent flat roof work, renovated exterior stairs, and occupied long-term units.
Property Size3,685 SF
Price / SF$278.15
Days on Market45
Property Features for 525 WHITNEY AVE
General Information
- Standard status
- Active
- Size
- 3,685 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1918
Listing Agency:
Alpha Capital Realty
(201) 694-7540
Listed By:
Jake Smith · License #CT
Source:
Crexi
Added: Jun 10
Changed: Jul 23
Last Checked: Jul 23 at 1:53PM
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 Alpha Capital Realty
Investment Insights
Based on property information with market context.
This meticulously maintained legal four-family property offers a mix of unit layouts across the building, with multiple long-term tenants already in place. The first-floor unit features three bedrooms and two bathrooms, along with soaring ceilings, newly refinished hardwood floors, and a cozy fireplace. One bedroom and bath include a private entrance, providing flexibility within the home. The upper levels include two one-bedroom apartments and a larger two-bedroom unit. Recent updates include new flat roofs and renovated exterior stairs.
The property includes a two-car garage and four off-street parking spaces. Direct access to the Yale Shuttle and bus lines is noted, with the building located near Yale University and Downtown New Haven, as well as parks, restaurants, and local amenities.
Overall, the configuration combines an owner-occupant-friendly first-floor layout with additional income-producing apartments upstairs, supported by recent exterior improvements.
The property includes a two-car garage and four off-street parking spaces. Direct access to the Yale Shuttle and bus lines is noted, with the building located near Yale University and Downtown New Haven, as well as parks, restaurants, and local amenities.
Overall, the configuration combines an owner-occupant-friendly first-floor layout with additional income-producing apartments upstairs, supported by recent exterior improvements.
Key Highlights
- Four‑family legal property built in 1918 with occupied long‑term tenants
- First‑floor unit offers 3 bedrooms and 2 bathrooms with newly refinished hardwood floors and a fireplace
- First‑floor layout includes a private entrance for one bedroom and bath for flexible use
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 | $95.1k | $25.80 |
| − Vacancy | −$6.5k | −$1.75 |
| EGI | $88.6k | $24.05 |
| − OpEx | −$26.6k | −$7.21 |
| NOI | $62.0k | $16.83 |
3,685 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$886.1K
$775.3K – $1.03M
NOI $62,026 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$824.5K
$721.5K – $962.0K
NOI $57,717 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,976 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Meticulously maintained four-family with recent flat roof work, renovated exterior stairs, and occupied long-term units.
Where is this quadplex located?
The property is located at 525 WHITNEY AVE New Haven, CT.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Four‑family legal property built in 1918 with occupied long‑term tenants; First‑floor unit offers 3 bedrooms and 2 bathrooms with newly refinished hardwood floors and a fireplace; First‑floor layout includes a private entrance for one bedroom and bath for flexible use
