83 James St New Haven, CT 06513

FOR SALE

Multifamily properties

Property ID

US15-0277004

Built 1900

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$975,000

83 James St, New Haven, CT 06513
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Following strong investor interest and a review of the property's financial performance, the asset has been repositioned to reflect its stabilized income and long-term value. Fully stabilized and well-maintained 5-unit multifamily delivering immediate cash flow and operational stability. The property is 100% occupied with proven tenant history, consistent collections, and strong in-place income exceeding $125,400 annually. Several units feature recent updates and improvements that support tenant retention and continued rent growth. Efficient operating expenses and a solid NOI create a strong overall performance profile. Located in a high-demand rental market in New Haven, this turnkey investment offers both immediate yield and long-term upside. Ideal for investors seeking a stabilized, income-producing asset with reliable performance and DSCR-compatible metrics. bikeScore: 41, Somewhat Bikeable walkScore: 73, Very Walkable transitScore: 33, Some Transit

Property type Multifamily properties

Year built 1900

UPID US15-0277004

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

83 James St New Haven, CT 06513

New Haven metro

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Comparables

6 recent transactions · within 1.5 mi

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$485,000

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RM1-zoned multifamily with public water and public sewer, and each unit has its own hot water heater, furnace, and electricity.

121 Pine Street, New Haven, CT 06513

View Details
New

Contact for pricing
3,043 SF

Turnkey Updated Residential Income Property

Updated multifamily units feature renovated kitchens and bathrooms, plus new hot water tanks and a furnace.

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View Details
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Multiple residential units include kitchens, family rooms, and two- to three-bedroom layouts.

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View Details
Contact for pricing
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Five-unit mixed-use building includes four 2-bedroom apartments and one commercial space.

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View Details
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View Details
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