Homes for sale - 485 East Street, New Haven, CT 06511

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Connie L. Pepin

connie@treasuredhomesteam.net +1(774) 571-0818

$ 385,000

Est. payment | -/mo

9 Beds

3 Baths

2,616 SqFt

Save

$ 385,000

Est. payment | -/mo

Save

9 Beds

3 Baths

2,616 SqFt

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,616 sqft

Price per Sqft $147

MLS Listing ID 24057738

Style Units on different Floors

Bedrooms 9

Full Baths 3

Year Built 1900

Annual Tax Amount $6,069

Lot Size 3,049 Sqft

Property Description

This 3-family property, situated directly across from Jocelyn Park, offers a rare chance to acquire a multifamily building in a highly desirable location. Just steps from East St. and State St., tenants will enjoy easy access to local restaurants, bars, and shops, making this a sought-after rental location. Each unit features 2-3 bedrooms with abundant natural light, perfect for attracting quality tenants. Two of the units boast updated kitchens and bathrooms, ready for immediate occupancy or rental. The first unit is currently rented at below-market value, providing clear potential for rent increases and higher cash flow. Investors will recognize the serious upside here-whether you're looking to stabilize the asset with market-rate tenants or owner-occupy and have your mortgage covered by rental income. With updated properties in the area fetching $480k and higher, this is a solid value-add play with significant appreciation potential. Property is being sold as-is, where-is-ideal for savvy investors who understand the potential in New Haven's growing rental market.

Location

State CT

County New Haven

Zoning RM2

Rooms

Basement Full, Unfinished, Shared Basement

Interior

Heating Baseboard, 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 Per Board Of Ed

High Schools Per Board Of Ed

Listed by Lisa Cozzi • Berkshire Hathaway NE Prop.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(774) 571-0818

connie@treasuredhomesteam.net

458 Putnam Pike, Rhode, Island, 02828, United States

485 East Street New Haven, CT 06511