875 Elm Street, New Haven, CT 06511
MULTI_FAMILY - New Haven, CT
- Added:
- Jun 18, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 20 at 3:06 am
Property Features for 875 Elm Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM2
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 7, Bathroom 3, Bedroom 6, Bathroom 1, Basement, Bathroom 2
- Parking
- 2
- Basement
- Full
- Standard status
- Active
- Size
- 3,422 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8693
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1918
Listing agent Jennifer D'Amato (203) 605-7865
Listing office Real Broker CT, LLC 100 Pearl Street, 14th Floor, Hartford, CT (855) 450-0442
Listing date Jun 18, 2026
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.
HighLights
- Three‑family home with 7 bedrooms and 3 bathrooms across multiple units
- Two units were fully renovated about 2 years ago with new kitchens, updated bathrooms with tile surrounds and double sinks, and new flooring
- Renovations include replacement windows, new gas heat, and in‑unit laundry for units 1 and 2
- First‑floor unit has central A/C; cooling also includes window unit(s)
- Third‑floor unit updated in the early 2000s and has been well maintained since
- Newer roof plus 2‑car carport and ample off‑street parking
Overview
Located at 875 Elm Street in New Haven, the property sits on RM2-zoned land and includes a newer roof. Exterior amenities include a 2-car carport and ample off-street parking, supporting convenient tenant access and day-to-day use.
For tenants or buyers seeking a ready-to-operate residential income property, this layout provides three separate living units with in-unit laundry and multiple recent interior improvements in the first two units. The combination of updated kitchens and bathrooms, replacement windows, and consistent mechanical upgrades can reduce near-term renovation scope, while the maintained third-floor unit supports overall building continuity.
Local Financial Insights For Multifamily LT 5
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 | $88.3k | $25.80 |
| − Vacancy | −$6.0k | −$1.75 |
| EGI | $82.3k | $24.05 |
| − OpEx | −$24.7k | −$7.21 |
| NOI | $57.6k | $16.83 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Haven
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.950433
- Latitude
- 41.318073
