Stabilized Multifamily Investment
83 James Street New Haven, CT 06513
83 James Street, New Haven, CT, 06513
$975,000
For Sale
$975,000
Five-unit multifamily property in New Haven with strong income.
Property Size5,600 SF
Price / SF$174.11
Days on Market105
Property Features for 83 James Street
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
iVision Real Estate
(203) 871-1068
Listed by
MARIE MATTA-ISONA
Source
Corcoran
Added: Apr 4 Checked: Jul 17 at 3:42 am
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
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
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 | $170.0k | $30.36 |
| − Vacancy | −$10.5k | −$1.88 |
| EGI | $159.5k | $28.48 |
| − OpEx | −$71.8k | −$12.81 |
| NOI | $87.7k | $15.66 |
5,600 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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
