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373 Blatchley Avenue, New Haven, CT 06513
sale
$1,250,000
|
Multi-Family
Listed By CENTURY 21 AllPoints Realty
Investor's Dream! This rare 9-unit multifamily property in the heart of Fair Haven presents an incredible opportunity for investors seeking value-add potential and significant upside. Each oversized unit features ample natural light, along with updated kitchens and bathrooms. Some units are equipped with high-efficiency Navien Systems, ensuring lower operating costs. All utilities are separate and tenant-paid, which enhances cash flow potential. With several units rent-ready and actively being marketed, market rent projections in the area show excellent returns-1-bedroom units renting for $1,350/month and 2-bedrooms for $1,600/month. This property is primed for immediate cash flow with significant upside. The current highest closed comparable sale within 2 miles is an 8-unit building that sold for $1.88M, proving the strength of the local market. Located just minutes from State St, I-91, I-95, and Yale University, this property is ideally situated for tenants who want easy access to all that New Haven has to offer. Also, given the large square footage, high demand for rental housing, and desirable location, this asset offers substantial room for appreciation through renovations, rent increases, or leasing out the remaining not rented units. Don't miss out on this unique chance to invest in a thriving market with value-add opportunities and strong returns!
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Property Features
- Building Area: 7716.00 SF
- Cross Docks: N
- For Auction: N
- Location Name: 373 Blatchley Avenue , New Haven
- MLSID: 24067257
- Price Per Area: 0.00
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Taxes: $17833.00
- Year Built: 1910
- Zoning: RM2
Directions to This Property
373 Blatchley Avenue, New Haven, CT 06513
Demographic Data for 373 Blatchley Avenue, New Haven, CT 06513
Average Age
40
Married
29%
Number of Homes
14,378
Homes with Children
35.68%
Occupation Type
Transportation to Work
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
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