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Property summary
This exceptional 7-unit mixed-use investment property in New Haven, CT, presents a compelling opportunity for discerning investors. Located at 1379 Chapel St, this 4,411 square foot building, constructed in 1900, sits on a 4,720 square foot lot and boasts a current 100% occupancy rate, generating a strong net operating income (NOI) of $105,540. The property features a gross lease structure with a remaining lease term of 3 years for a long-term retail tenant. Zoned for business use (BA), this well-maintained building offers a proven track record of consistent tenancy, making it a solid income-generating asset. The asking price is $1,200,000, representing a price per square foot of $272.05 and an attractive 8.80% cap rate. Situated in a vibrant area near Yale University, Elm City Market, and the Chapel Street shopping district, this property benefits from a desirable location and high demand for rental units. The building's prime location, across from Yale New Haven Hospital, ensures consistent tenant interest and strong rental income potential. This is a turnkey investment opportunity in a thriving commercial real estate market.
Property profile
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
These districts serve several functions. They provide central concentrations of convenience goods and services for one or more neighborhoods, supplemented by more scattered stores for such goods and services within the n…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the New Haven market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BA · New Haven, CTThese districts serve several functions. They provide central concentrations of convenience goods and services for one or more neighborhoods, supplemented by more scattered stores for such goods and services within the n…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
These districts serve several functions. They provide central concentrations of convenience goods and services for one or more neighborhoods, supplemented by more scattered stores for such goods and services within the n…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BA in New Haven, CT.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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