13-Unit Apartment
83 E Grand Avenue, New Haven, CT 06513
For Sale
$2,445,000
Multi-Family For Sale, Units on different Floors,Units are Side-by-Side, New Haven, CT
Property Size6,386 SF
Lot Size0.79 Acres
Price / SF$382.87
Days on Market51
Property Features for 83 E Grand Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Patio and Porch features
Exterior features
Basement
Lot features
Elementary school
High school
Directions
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Architectural style
Buildings
Listing Agency:
Pulse Realty LLC
(203) 672-4888
Listed By:
Douglas Ledewitz · License #REB.0759199
(203) 305-5282
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 9 at 3:06AM
MLS# 24208234
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 13-unit multifamily property spans three buildings on 0.79 acres and contains 6,386 square feet. The unit mix includes nine one-bedroom townhouse-style apartments, two ADA-compliant two-bedroom units, and larger three- and four-bedroom apartments. Interiors include tile and hardwood flooring, wood cabinetry, granite countertops, and maintained kitchens and bathrooms. The property is fully occupied, with central air and gas heat serving the two-, three-, and four-bedroom units; the one-bedroom apartments are all-electric.
Located on East Grand Avenue in New Haven, the property provides access to I-91, I-95, Downtown New Haven, Yale University, public transportation, shopping, dining, and major employment centers. Public water and sewer serve the property, which also includes patio areas and exterior lighting. Zoning is RM1.
Located on East Grand Avenue in New Haven, the property provides access to I-91, I-95, Downtown New Haven, Yale University, public transportation, shopping, dining, and major employment centers. Public water and sewer serve the property, which also includes patio areas and exterior lighting. Zoning is RM1.
Key Highlights
- 13‑unit multifamily property across three buildings
- Unit mix includes nine 1‑bedroom, two 2‑bedroom, and larger 3- and 4‑bedroom apartments
- 6,386 square feet on 0.79 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,022
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,000,440
$2.0M
Cap Rate 7%
$1,428,886
$1.4M
Cap Rate 9%
$1,111,356
$1.1M
Market Conditions
NOI Build-Up for 6,386 SF
Gross rent
$193.9K $30.36/SF
− Vacancy
−$12.0K −$1.88/SF
EGI
$181.9K $28.48/SF
− OpEx
−$81.8K −$12.81/SF
NOI
$100.0K $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%
$2,000,440
Cap Rate 7%
$1,428,886
Cap Rate 9%
$1,111,356
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,022 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.05M
$1.80M – $2.40M
NOI $143,795 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
13
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 06513, CT
38,618
Population
17,006
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.2 sq mi
ZIP Area
5,364
Density / Sq Mi
$46,520
Median Household Income
$38,369
Median Earnings
$1,208
Median Rent
$226,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in New Haven, CT
Properties on Market for Apartment buildings in New Haven
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-building multifamily property with varied layouts, public utilities, and convenient access to transportation, shopping, dining, and employment centers.
Where is this apartment building located?
The property is located at 83 E Grand Avenue New Haven, CT.
What is the asking price?
The asking price for this property is $2,445,000.
What are key features of this property?
This property features: 13‑unit multifamily property across three buildings; Unit mix includes nine 1‑bedroom, two 2‑bedroom, and larger 3- and 4‑bedroom apartments; 6,386 square feet on 0.79 acres
