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$ 414,900
Est. payment | /mo
7 Beds
3 Baths
3,101 SqFt
$ 414,900
Est. payment | /mo
7 Beds
3 Baths
3,101 SqFt
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,101 sqft
Price per Sqft $133
MLS Listing ID 24142805
Style Units on different Floors
Bedrooms 7
Full Baths 3
Year Built 1900
Annual Tax Amount $6,445
Lot Size 4,356 Sqft
Property Sub-Type 2 Family
Property Description
Introducing 1380 State Street, a high-performing two-family investment property delivering strong rental income in one of New Haven's most convenient and accessible locations. This well-maintained multifamily features a desirable unit mix with a two-bedroom apartment on the first floor and a rare five-bedroom unit on the second floor - ideal for maximizing rental demand in a market where larger apartments are consistently sought after. The property currently brings in approximately $44,000 per year in gross rent, providing immediate cash flow and a reliable return from day one. Both units are tenant-occupied with steady rental history, making this a true turnkey opportunity for any investor looking to expand their portfolio with a low-maintenance, income-producing asset. Located in the growing Mill River/State Street district, the home offers excellent proximity to Downtown New Haven, Yale University, East Rock Park, major employers, dining, shopping, and quick access to I-91.The area continues to show strong rental demand, making 1380 State Street a smart long-term investment. Whether you're a seasoned investor or entering the multifamily market, this property checks all the boxes for stability, location, and income potential.
Location
State CT
County New Haven
Zoning BA
Rooms
Basement Full, Unfinished
Interior
Heating Hot Air
Cooling None
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Lincoln Bassett
Middle Schools Per Board Of Ed
High Schools James Hillhouse
Listed by Javyn Roundtree • Javyn Roundtree