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Property Description

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 vacant units.Don’t miss out on this unique chance to invest in a thriving market with value-add opportunities and strong returns!

Address Map
US
CT
New Haven
New Haven
06513
Blatchley
373
0
E0° 0' 0''
N0° 0' 0''
Features
: No
: Hot water
: Unfinished, Full, Shared basement
: Gable, Tile
: No
MLS Addon
: Not applicable
GPS Friendly
: Public water connected
88
Per Board of Ed
$0
0
: Natural gas
Lisa Cozzi
BHHS10
Berkshire Hathaway NE Prop.
: No/resale
0
1243494
: Public sewer connected
July 2024-June 2025
0
9
0
0
Units on different Floors
RM2
850133

Listing courtesy of Lisa Cozzi from Berkshire Hathaway NE Prop.

Multi-family For Sale

373 Blatchley, New Haven, Connecticut 06513

15 Bedrooms
9 Bathrooms
7,716 Sqft
$1,250,000
Listing ID #24041226
Basic Details
Property Type : Multi-family For Sale
Listing ID : 24041226
Price : $1,250,000
Bedrooms : 15
Baths Total : 9
Bathrooms : 9
Half Bathrooms : 0
Square Footage : 7,716 Sqft
Year Built : 1910
Lot Area : 0.14 Acre
Status : Active
Property Sub Type : 5 Family+
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