Multifamily Property Near
For Sale
$389,900
769 Dixwell Ave, New Haven, CT 06511
1920-built multifamily property positioned along New Haven’s Dixwell Avenue corridor near shopping, dining, and public transportation.
Property Size1,870 SF
Price / SF$208.50
Days on Market36
Property Features for 769 Dixwell Ave
General Information
Standard status
Active
Size
1,870 SF
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Building Details
Year Built
1920
Listing Agency:
Roundtree Realty LLC
(747) 252-3955
Listed By:
Aharon Cowen (747) 252-3955 (475) 227-4312 · License #RES.0832571
Source:
Fairfieldcountycthomesearch
Added: Jul 28
Changed: Aug 30
Last Checked: Sep 1 at 7:57PM
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.
This multifamily property at 769 Dixwell Avenue dates to 1920 and is situated along the Dixwell Avenue corridor in New Haven. The asset is positioned near Downtown New Haven and Yale University, with shopping, restaurants, and public transportation also nearby.
The surrounding area provides access to major commuter routes, Bowen Field, and the Farmington Canal Greenway. Its setting connects the property with employment, education, recreation, and everyday services within the broader New Haven area.
The surrounding area provides access to major commuter routes, Bowen Field, and the Farmington Canal Greenway. Its setting connects the property with employment, education, recreation, and everyday services within the broader New Haven area.
Key Highlights
- 769 Dixwell Avenue, New Haven, CT 06511
- Multifamily property built in 1920
- Located along the Dixwell Avenue corridor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,289
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,780
$585.8K
Cap Rate 7%
$418,414
$418.4K
Cap Rate 9%
$325,433
$325.4K
Market Conditions
NOI Build-Up for 1,870 SF
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.
Gross rent
$56.8K $30.36/SF
− Vacancy
−$3.5K −$1.88/SF
EGI
$53.3K $28.48/SF
− OpEx
−$24.0K −$12.81/SF
NOI
$29.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,780
Cap Rate 7%
$418,414
Cap Rate 9%
$325,433
Alternative Uses
Best Use
Apartment 5plus
$418.4K
$366.1K – $488.2K
NOI $29,289 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$601.5K
$526.3K – $701.8K
NOI $42,107 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road 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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - 1920-built multifamily property positioned along New Haven’s Dixwell Avenue corridor near shopping, dining, and public transportation.
Where is this multifamily property located?
The property is located at 769 Dixwell Ave New Haven, CT.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 769 Dixwell Avenue, New Haven, CT 06511; Multifamily property built in 1920; Located along the Dixwell Avenue corridor
