Stabilized Multifamily Investment
For Sale
$975,000
83 James Street, New Haven, CT 06513
Five-unit multifamily property in New Haven with strong income.
Property Size5,600 SF
Price / SF$174.11
Days on Market199
Property Features for 83 James Street
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,548
Amenities
Asphalt Shingle Roof
Corner Lot
Ceramic Tile Flooring
Gas on Gas Heating
Level Lot
Parking Lot
Parquet Flooring
Paved
Plywood Flooring
Wood Flooring
Building Details
Year Built
1900
Listing Agency:
iVision Real Estate
(203) 871-1068
Listed By:
MARIE MATTA-ISONA · License #REB.0790448
(203) 314-9195
Source:
Corcoran
Added: Apr 4
Changed: Oct 16
Last Checked: Oct 19 at 6:46AM
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 iVision Real Estate
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Investment Insights
Based on property information with market context.
This is a fully stabilized and well-maintained five-unit multifamily property. The property is 100% occupied and generates income exceeding $121,800 annually. Several units have been updated to support tenant retention and rent growth. The property is located in a high-demand rental market in New Haven. It is suitable for investors seeking a stabilized, income-producing asset.
Key Highlights
- 100% occupied with proven tenant history and consistent collections
- Strong in‑place income exceeding $121,800 annually
- Turnkey investment delivering immediate cash flow and operational stability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,711
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,754,220
$1.8M
Cap Rate 7%
$1,253,014
$1.3M
Cap Rate 9%
$974,567
$974.6K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$170.0K $30.36/SF
− Vacancy
−$10.5K −$1.88/SF
EGI
$159.5K $28.48/SF
− OpEx
−$71.8K −$12.81/SF
NOI
$87.7K $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%
$1,754,220
Cap Rate 7%
$1,253,014
Cap Rate 9%
$974,567
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,711 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,097 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,038
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily property in New Haven with strong income.
Where is this apartment building located?
The property is located at 83 James Street New Haven, CT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 100% occupied with proven tenant history and consistent collections; Strong in‑place income exceeding $121,800 annually; Turnkey investment delivering immediate cash flow and operational stability
