485 East Street
New Haven,
Connecticut
06511
- For Sale
- 9 Bedrooms
- 3 Full Baths
- 2616 SqFt
- Year Built 1900
- Multi Family
- ML# 24041218
Property Details
Overview
This 3-family property, situated directly across from Jocelyn Park, offers a rare chance to acquire a multifamily building in a highly desirable location. Just steps from East St. and State St., tenants will enjoy easy access to local restaurants, bars, and shops, making this a sought-after rental location. Each unit features 2-3 bedrooms with abundant natural light, perfect for attracting quality tenants. Two of the units boast updated kitchens and bathrooms, ready for immediate occupancy or rental. The first unit is currently rented at below-market value, providing clear potential for rent increases and higher cash flow. Investors will recognize the serious upside here-whether you're looking to stabilize the asset with market-rate tenants or owner-occupy and have your mortgage covered by rental income. With updated properties in the area fetching $480k and higher, this is a solid value-add play with significant appreciation potential. Property is being sold as-is, where-is-ideal for savvy investors who understand the potential in New Haven's growing rental market.
Key Facts
- •SqFt: 2616.00
- •Style: Units on different Floors
- •Lot Size: 0.07
- •Lot Sq Ft: 2616
- •Zoning: RM2
- •Construction Materials: No/Resale
- •Building Size: 2616
- •Parking Facilities: None
- •Waterfront Desc: Not Applicable
- •Bedroom: 9
- •Full Bath: 3
- •Heat: Baseboard, Hot Air
- •A/C: None
- •Water: Public Water Connected
- •Sewer: Public Sewer Connected
Listing Information provided courtesy of
Berkshire Hathaway NE Prop.
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