942 State Street

New Haven, CT
$ 684,995 Beds 7 Baths 3.5 Sq 4,273 Virtual Tour
Monthly Estimate* How much can I afford?

Great investment opportunity in an amazing location. Multi-family + commercial unit. Property is fully rented and generating strong income with future years even more profitable with a cap rate north of 7.6%+. The property consists of a stable commercial unit on the first floor occupied by a laundry mat committed to a 5-year lease with annual increases in rent. There are also 3 residential units ranging from a spacious 3-bedroom unit to a chic 1-bedroom carriage house that embodies the life of downtown living, inclusive of your very own enclosed outdoor patio, skylights, and a rare private driveway. Nestled in the heart of East Rock, this property is in an ideal location; walking distance to downtown, award-winning restaurants, Yale University, the train station, major highways, and much more. With over $75,000 in recent renovations and all units fully rented, this property easily pays for itself and will generate strong income for years to come.

Multi-Family

  • Price
  • $ 684,995
  • Lot Size
  • 3,920 SqFt
  • Bedrooms
  • 7
  • Sqr Footage
  • 4,273
  • Full Bathrooms
  • 3
  • Year Built
  • 1900
  • Half Bathrooms
  • 1
  • City, Zip
  • New Haven
  • Taxes
  • 14369
  • County
  • NEW HAVEN
  • Style
  • Units on different Floors
  • Area
  • MLS#
  • 170290847
  • Zip
  • 06511
Listing Provided by: BHGRE Gaetano Marra Homes

Features

General

Elementary School Per Board of Ed
High School Per Board of Ed
Nearby Amenities Commuter Bus, Golf Course, Health Club, Medical Facilities, Park, Private School(s), Public Transportation, Shopping/Mall
Neighborhood East Rock
New Construction Type No/Resale
Property Sub Type 3 Family
Property Type Multi-Family For Sale
Status Active
Style Units on different Floors
Tax Year July 2020-June 2021
Virtual Tour https://app.immoviewer.com/landing/unbranded/5ea86dcc65965e63033b5da1
Virtual Tour Yn Yes
Year Built 1900
Year Built Source Public Records
Zoning BA

Interior Features

Basement Description Unfinished
Beds Total 7
Cooling System Ceiling Fans
Fuel Tank Location Non Applicable
Full Baths 3
Half Baths 1
Heat Fuel Type Natural Gas, Oil
Heat Type Hot Water
Hot Water Description Natural Gas
Rooms Total Multi Family 12
Sq Ft Est Heated Above Grade 4273
Sq Ft Total 4273
Total Baths 4.00
Total Numof Units 4
Unit Count 4

Exterior Features

Acres 0.0900
Driveway Type Private, Crushed Stone
Exterior Features Awnings, Patio, Sidewalk
Foundation Concrete, Masonry
Garage Parking Info Driveway, On Street Parking, Off Street Parking
Lot Description Level Lot
Roof Information Flat, Other
Sewage System Public Sewer Connected
Siding Brick
Water Source Public Water Connected
Waterfront Description Not Applicable

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Guilford, Connecticut office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Per Board Of Ed Elementary School
Middle School Unknown Middle School
High School Per Board Of Ed High School

Price History

4/28/2020 Listed $685,995
9/9/2020 1% - $684,995

Property vs Zip Code Average in 06511

Price
AVG $450K
$680K
Taxes
AVG $8,541
$14,369
Visits
AVG 49
30
Year Built
AVG 1926
1900
Walkscore
AVG 74
88
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

942 State Street New Haven, CT is a Single Family Home for sale at $684995 with 4273 sqft and a lot size of 3,920 SqFt Acre(s). 942 State Street New Haven has 7 bedrooms, 3 baths and was built in 1900. The property's zip code is 06511 which is in New Haven, CT

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.