13-Unit Apartment Building
83 E Grand Avenue, New Haven, CT 06513
For Sale
$2,445,000
Commercial For Sale, New Haven, CT
Property Size10,394 SF
Lot Size0.79 Acres
Price / SF$235.23
Days on Market51
Property Features for 83 E Grand Avenue
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Exterior features
Lot features
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
Flooring type
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# 24208278
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.
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Investment Insights
Based on property information with market context.
This multifamily portfolio includes 13 apartments across three buildings on a 0.79-acre site. The 10,394-square-foot property offers a mix of one-bedroom townhouse-style units, ADA-compliant two-bedroom apartments, and larger three- and four-bedroom layouts. Interior features include ceramic tile, hardwood flooring, wood cabinetry, granite countertops, and maintained kitchen and bathroom areas. Two-, three-, and four-bedroom units have gas heat and central air, while the one-bedroom units are all-electric and do not have central AC.
The property is positioned on East Grand Avenue in New Haven’s Fair Haven Heights neighborhood, with access to I-91 and I-95, downtown New Haven, Yale University, public transportation, schools, shopping, dining, and nearby employment centers. Zoning is RM1, and the buildings use public water and public sewer. City records identify construction years of 1979, 1930, and 1870 for the three buildings.
The property is positioned on East Grand Avenue in New Haven’s Fair Haven Heights neighborhood, with access to I-91 and I-95, downtown New Haven, Yale University, public transportation, schools, shopping, dining, and nearby employment centers. Zoning is RM1, and the buildings use public water and public sewer. City records identify construction years of 1979, 1930, and 1870 for the three buildings.
Key Highlights
- 13‑unit multifamily portfolio comprising three buildings
- 10,394 square feet on 0.79 acres
- Unit mix includes 1‑bedroom, ADA‑compliant 2‑bedroom, and 3- and 4‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,798
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,255,960
$3.3M
Cap Rate 7%
$2,325,686
$2.3M
Cap Rate 9%
$1,808,867
$1.8M
Market Conditions
NOI Build-Up for 10,394 SF
Gross rent
$315.6K $30.36/SF
− Vacancy
−$19.6K −$1.88/SF
EGI
$296.0K $28.48/SF
− OpEx
−$133.2K −$12.81/SF
NOI
$162.8K $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%
$3,255,960
Cap Rate 7%
$2,325,686
Cap Rate 9%
$1,808,867
Alternative Uses
Best Use
Apartment 5plus
$2.33M
$2.03M – $2.71M
NOI $162,798 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.34M
$2.93M – $3.90M
NOI $234,045 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
13
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
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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
$226,600
Median Home Value
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Market
Average Price Trend$/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 apartment layouts, public utilities, and established occupancy.
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 portfolio comprising three buildings; 10,394 square feet on 0.79 acres; Unit mix includes 1‑bedroom, ADA‑compliant 2‑bedroom, and 3- and 4‑bedroom apartments
