219 S Orchard St - Multi-Family FOR SALE


Wallingford, CT 06492
$750,000 USD
914-436-4790
219 S Orchard St, Wallingford, CT for Sale
$750,000 USD
Multi-Family - FOR SALE
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219 S Orchard St
Wallingford, CT 06492


HIGHLIGHTS

  • Mark-to-Market Value Add Opportunity
  • Renovated Units
  • Strong I-91 Corridor Location
  • Established Long-Term Tenant Base

OVERVIEW

Northeast Private Client Group is pleased to exclusively present the opportunity to acquire 219 South Orchard Street, a five-unit multifamily property situated in Wallingford, Connecticut. The offering consists of a two-story wood-frame building totaling 3,487 square feet of living area, inclusive of a finished lower level, set on a 0.38-acre lot in one of New Haven County’s most accessible and supply-constrained rental submarkets. Wallingford’s central location along the Interstate 91 corridor positions residents within easy reach of New Haven, Hartford, and the region’s major employment centers, supporting consistent rental demand at this price point. The property benefits from an established, long-term tenant base with leases extending through 2027, reflecting the stability that characterizes well-located small multifamily assets in this submarket. Current gross scheduled rent of $91,140 annually reflects a rent roll that has not been actively pushed to market, creating a clear path to the pro forma gross potential of $104,400, a $13,260 increase driven entirely by lease-up to achievable rents across the existing unit mix. All units have been renovated which presents an investor with a mark-to-market opportunity to increase NOI without additional capital.

FOR SALE DETAILS

PRICE

$750,000 USD

# OF UNITS

5

PRICE/UNIT

$150,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

219 S Orchard Street

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

WALL-000148-000000-000048

ASK ABOUT THIS PROPERTY

Derek MahabirNortheast Private Client GroupMore Info
914-436-4790

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Derek MahabirNortheast Private Client GroupMore Info
914-436-4790

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.