Turnkey Three-Family Income
758 Legion Avenue New Haven, CT 06519
758 Legion Avenue, New Haven, CT, 06519
$550,000
For Sale
$550,000
Turnkey three-family property with five total bedrooms and three total bathrooms across three units.
Property Size3,116 SF
Price / SF$176.51
Days on Market82
Property Features for 758 Legion Avenue
General Information
- Standard status
- Active
- Size
- 3,116 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1929
Listing agency
Roundtree Realty LLC
(475) 227-4312
Listed by
Javyn Roundtree
(475) 227-4312
Source
Lockandkeyre
Added: May 3 Updated: Jul 23 at 1:14AM Checked: Jul 23 at 5:44AM
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 Roundtree Realty LLC
Investment Insights
Based on property information with market context.
758 Legion Avenue is a turnkey three-family residential income property configured as three separate units with a total of five bedrooms and three bathrooms. The units feature functional layouts and the building is positioned to support straightforward operations for an owner-operator or investor.
The property is located in close proximity to Yale University and major hospitals, with ongoing redevelopment activity described throughout New Haven. This location profile can be relevant for renters seeking access to employment and healthcare destinations in the area.
As a three-unit asset, 758 Legion Avenue provides consolidated ownership of multiple living spaces under one roof, offering a practical way to add multifamily exposure in an established rental market.
The property is located in close proximity to Yale University and major hospitals, with ongoing redevelopment activity described throughout New Haven. This location profile can be relevant for renters seeking access to employment and healthcare destinations in the area.
As a three-unit asset, 758 Legion Avenue provides consolidated ownership of multiple living spaces under one roof, offering a practical way to add multifamily exposure in an established rental market.
Key Highlights
- Three‑family property built in 1929 in New Haven
- Total of 5 bedrooms and 3 bathrooms across 3 units
- Property presented as turnkey for immediate investment
Local Financial Insights For Apartment 5plus
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 | $94.6k | $30.36 |
| − Vacancy | −$5.9k | −$1.88 |
| EGI | $88.7k | $28.48 |
| − OpEx | −$39.9k | −$12.81 |
| NOI | $48.8k | $15.66 |
3,116 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$749.3K
$655.6K – $874.1K
NOI $52,448 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$697.2K
$610.1K – $813.4K
NOI $48,805 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$1.00M
$877.1K – $1.17M
NOI $70,164 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turnkey three-family property with five total bedrooms and three total bathrooms across three units.
Where is this triplex located?
The property is located at 758 Legion Avenue New Haven, CT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three‑family property built in 1929 in New Haven; Total of 5 bedrooms and 3 bathrooms across 3 units; Property presented as turnkey for immediate investment
