223 Farren Avenue is a five-unit mixed-use building consisting of four 2-Bedroom apartments and one commercial space. Positioned in an established neighborhood corridor, it provides dependable residential tenancy with supplemental commercial visibility. The property is stabilized cash-flowing asset with potential for further NOI growth through unit renovations. The property is located in an established, neighborhood-oriented area of New Haven that supports workforce housing and essential retail demand. The property offers convenient access to industrial job centers, institutional employers, downtown New Haven, and neighborhood amenities, reinforcing consistent demand for affordable rental options. Transit access, walkability to small businesses and service providers, and connectivity to arterial routes contribute to a stable renter pool. New Haven remains one of the most competitive rental markets in the nation. With constrained supply and increasing demand, rents have steadily risen, and vacancy remains low.