Multifamily Apartment
For Sale
$1,100,000
747 Dixwell, New Haven, CT 06511
11-unit multifamily property on the Dixwell corridor, sold as-is, where-is, with ample parking.
Property Size1,930 SF
Price / SF$219.78
Days on Market104
Property Features for 747 Dixwell
General Information
Standard status
Active
Size
1,930 SF
Property subtype
5 Family+
Lease Term
Listing ID: 24188292, Standard Status: Active, MLS Status: Active, Property Subtype: 5 Family+, 97 days on market
Additional Details
Highway Access
Yes
Multifamily Units
11
Building Details
Building Size
1,930 SF
Year Built
1930
Listing Agency:
Alpha Capital Realty, LLC
(860) 507-3394
Listed By:
Zachary Pinto · License #RES.0827718
(203) 816-7926
Source:
Iverty
Added: Jun 30
Changed: Oct 10
Last Checked: Oct 9 at 10:26PM
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, LLC
Investment Insights
Based on property information with market context.
This multifamily apartment building is currently operating as an 11-unit property. The offering is strictly sold as-is, where-is, and the buyer is responsible for verifying unit count, permitting, and legal use through their own due diligence. The building includes well-maintained residential units with functional layouts and ample parking.
The property is located along the Dixwell corridor in New Haven and is described as offering convenient access to Yale University, downtown New Haven, public transportation, shopping, restaurants, and major highways.
Additional reference points provided include bikeScore of 82 and walkScore of 66, along with a transitScore of 41.
The property is located along the Dixwell corridor in New Haven and is described as offering convenient access to Yale University, downtown New Haven, public transportation, shopping, restaurants, and major highways.
Additional reference points provided include bikeScore of 82 and walkScore of 66, along with a transitScore of 41.
Key Highlights
- 1930‑built 11‑unit multifamily property on the Dixwell corridor
- Sold as‑is, where‑is; buyer to perform due diligence on unit count, permitting, and legal use
- Income‑producing multifamily with well‑maintained residential units and consistent occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,392
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,567,840
$1.6M
Cap Rate 7%
$1,119,886
$1.1M
Cap Rate 9%
$871,022
$871.0K
Market Conditions
NOI Build-Up for 5,005 SF
Gross rent
$152.0K $30.36/SF
− Vacancy
−$9.4K −$1.88/SF
EGI
$142.5K $28.48/SF
− OpEx
−$64.1K −$12.81/SF
NOI
$78.4K $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%
$1,567,840
Cap Rate 7%
$1,119,886
Cap Rate 9%
$871,022
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$979.9K – $1.31M
NOI $78,392 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,699 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
11
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
647
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - 11-unit multifamily property on the Dixwell corridor, sold as-is, where-is, with ample parking.
Where is this apartment building located?
The property is located at 747 Dixwell New Haven, CT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1930‑built 11‑unit multifamily property on the Dixwell corridor; Sold as‑is, where‑is; buyer to perform due diligence on unit count, permitting, and legal use; Income‑producing multifamily with well‑maintained residential units and consistent occupancy
