Updated Four-Family with Off-Street
97 GREENWICH AVE New Haven, CT 06519
97 GREENWICH AVE, New Haven, CT, 06519
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For Sale
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Turnkey four-family residence with updated systems and six dedicated off-street parking spaces.
Property Size3,840 SF
Price / SF$221.35
Days on Market77
Property Features for 97 GREENWICH AVE
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1930
Listing agency
Alpha Capital Realty
(203) 816-7926
Listed by
Anthony DeLorenzo · License #REB.0794751
Source
Crexi
Added: May 6 Updated: Jul 21 at 2:58AM Checked: Jul 21 at 2:58AM
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 Alpha Capital Realty
Investment Insights
Based on property information with market context.
97 Greenwich Avenue is a four-family residential income property in New Haven’s Hill neighborhood, featuring a side-by-side multi-family layout and modern updates within a 1930s architectural framework. The home offers approximately 3,264 to 3,840 square feet of living space and includes warm air heating systems and modern electrical updates designed to support a low-maintenance, turnkey ownership experience.
The property sits on a level 0.17-acre lot and provides six dedicated off-street parking spaces. It is positioned within a short distance of the New Haven waterfront, Yale University, and Yale New Haven Hospital, with convenient access to major commuter routes and downtown amenities.
The property sits on a level 0.17-acre lot and provides six dedicated off-street parking spaces. It is positioned within a short distance of the New Haven waterfront, Yale University, and Yale New Haven Hospital, with convenient access to major commuter routes and downtown amenities.
Key Highlights
- Updated four‑family residence built in 1930 in New Haven’s Hill neighborhood
- Side‑by‑side multi‑family layout with approximately 3,264 to 3,840 SF of living space
- Level 0.17‑acre lot with six dedicated off‑street parking spaces
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 | $99.1k | $25.80 |
| − Vacancy | −$6.7k | −$1.75 |
| EGI | $92.3k | $24.05 |
| − OpEx | −$27.7k | −$7.21 |
| NOI | $64.6k | $16.83 |
3,840 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$923.4K
$807.9K – $1.08M
NOI $64,635 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$859.2K
$751.8K – $1.00M
NOI $60,145 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,466 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turnkey four-family residence with updated systems and six dedicated off-street parking spaces.
Where is this quadplex located?
The property is located at 97 GREENWICH AVE New Haven, CT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Updated four‑family residence built in 1930 in New Haven’s Hill neighborhood; Side‑by‑side multi‑family layout with approximately 3,264 to 3,840 SF of living space; Level 0.17‑acre lot with six dedicated off‑street parking spaces
