Westville Village Apartment with
For Sale
Contact for pricing
985 Whalley Avenue #2 New, New Haven, CT 06515
Bright 2-3 bedroom apartment near Westville Village available 9/1.
Property Size1,578 SF
Price / SF$1.25
Days on Market480
Property Features for 985 Whalley Avenue #2 New
General Information
Standard status
Active
Size
1,578 SF
Property subtype
Multi-Family
Amenities
Fuel: Natural Gas
Heating: Radiator
Gas Range
Refrigerator
Dishwasher
Washer
Electric Dryer
Building Details
Building Size
1,578 SF
Year Built
1915
Listing Agency:
Seabury Hill REALTORS
Listed By:
David Rossi
(860) 307-4884
Source:
Kw
Added: Jun 30, 2025
Changed: Oct 13
Last Checked: Oct 21 at 12:50AM
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 Seabury Hill REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This large, bright 2nd-floor apartment, offering either two or three bedrooms, is situated in a quiet, smoke-free three-family house. Available starting September 1st, the property is located just up the hill from Westville Village, with its restaurants, boutiques, art galleries, yoga and dance studios, and the Sunday Farmers' Market at Edgewood Park. The apartment features hardwood floors throughout. A large family room (or potential third bedroom) includes a private three-season porch with southern exposure. The eat-in kitchen provides ample space for a table, and there is a separate dining room. One off-street parking space is included, with the possibility of a second. Residents can enjoy an open backyard with a sitting area. The unit is heated and equipped for cooking with gas. A private washer and dryer are located in the basement. The owner will consider pets on a case-by-case basis. The property size is 1578 square feet.
Key Highlights
- Large, bright 2nd‑floor apartment with hardwood floors.
- Located near the vibrant Westville Village with its restaurants, shops, and farmers' market.
- Enjoy a large private 3‑season porch with southern exposure.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,716
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,320
$494.3K
Cap Rate 7%
$353,086
$353.1K
Cap Rate 9%
$274,622
$274.6K
Market Conditions
NOI Build-Up for 1,578 SF
Gross rent
$47.9K $30.36/SF
− Vacancy
−$3.0K −$1.88/SF
EGI
$44.9K $28.48/SF
− OpEx
−$20.2K −$12.81/SF
NOI
$24.7K $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%
$494,320
Cap Rate 7%
$353,086
Cap Rate 9%
$274,622
Alternative Uses
Best Use
Multifamily LT 5
$379.4K
$332.0K – $442.7K
NOI $26,561 @ 7.0% cap · market cap 1,344.86%
Second Best
Apartment 5plus
$353.1K
$309.0K – $411.9K
NOI $24,716 @ 7.0% cap · market cap 1,251.44%
Theoretical Best
Office A
$507.6K
$444.2K – $592.2K
NOI $35,532 @ 7.0% cap · market cap 1,799.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Explore this area
Business Placement
Demographics for 06515, CT
17,877
Population
7,531
Households
2.4
Avg Household Size
33
Median Age
48%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
3,886
Density / Sq Mi
$74,044
Median Household Income
$40,209
Median Earnings
$1,410
Median Rent
$284,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Bright 2-3 bedroom apartment near Westville Village available 9/1.
Where is this multifamily property located?
The property is located at 985 Whalley Avenue #2 New New Haven, CT.
What are key features of this property?
This property features: Large, bright 2nd‑floor apartment with hardwood floors.; Located near the vibrant Westville Village with its restaurants, shops, and farmers' market.; Enjoy a large private 3‑season porch with southern exposure.
