177 Chestnut St - Apartments FOR SALE


New Haven, CT 06511- Wooster Square/Mill River
$2,400,000 USD
203-727-2429
177 Chestnut St, New Haven, CT for Sale
$2,400,000 USD
Apartments - FOR SALE
1/29
null | 5.96% Cap Rate

177 Chestnut St
New Haven, CT 06511
Wooster Square/Mill River


HIGHLIGHTS

  • Walkability
  • Wooster Square Park
  • Newley Remodeled

OVERVIEW

Turn-key 6-unit multifamily investment opportunity in New Haven's highly desirable Wooster Square neighborhood! Fully renovated and fully leased with long-term tenants in place, this income-producing asset offers true "collect the keys and collect the rent" ownership. Ideally located just minutes from Downtown New Haven, Yale University, Yale New Haven Hospital, Union Station, I-95, and I-91, the property benefits from strong rental demand driven by education, healthcare, biotech, and technology sectors. The approximately 6,009 SF building features updated units with modern kitchens, renovated bathrooms, contemporary finishes, and attractive layouts that appeal to today's renters. Tenants enjoy walkable access to Wooster Square Park, renowned restaurants including Frank Pepe's and Sally's Apizza, shopping, entertainment, cultural attractions, and direct rail access to New York City. With 5 off-street parking spaces, stable cash flow, and a premier location surrounded by ongoing residential and mixed-use development, this is a rare opportunity to own a fully stabilized multifamily asset in one of Connecticut's strongest rental markets.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

6

PRICE/UNIT

$400,000

CAP RATE

5.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

RM2

APN/PARCEL ID

NHVN-000208-000563-001000

ASK ABOUT THIS PROPERTY

Tonino MavuliSerhant CommercialMore Info
203-727-2429

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Tonino MavuliSerhant CommercialMore Info
203-727-2429

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