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1435 State Street

New Haven, CT 06511

$4,600,000 PRICE Reduced by $100,000
4 Baths
19,860 Sqft
1.4 Acres
1900 Built
$232 Price/Sqft

Rare opportunity to acquire a beautifully restored 21-unit multifamily asset in New Haven's sought-after East Rock neighborhood. Once home to the YMCA and historic Railroad Boarding House, this timeless brick building blends classic architecture with modern luxury and a true sense of community. The unit mix includes 6 studios, 10 one-bedrooms, and 5 two-bedrooms (some with two baths), all featuring granite countertops, stainless steel appliances, in-unit washer/dryers, and individual heating, hot water, and central air. Four ground-floor units offer private rear entrances for added convenience and privacy. Outdoor amenities include six EV charging stations set on handsome pavers, community garden boxes, and a picnic area that enhances the building's inviting atmosphere. Additional features include secure access, a fitness room, and off-street parking. Ideally located minutes from Yale University, East Rock Park, downtown, and area restaurants and shops. Tenant-paid utilities and an assumable Freddie Mac loan at 3.8% (1% assumption fee) make this a turnkey, efficient investment in one of Connecticut's strongest rental markets.

Additional Information

ADDITIONAL INFORMATION

ACRES: 1.4
AREA TYPE: Urban
IS OCCUPIED?: Tenant
LIVING AREA SQFT: 19,860
PROPERTY TAX: $94,233
ROAD FRONTAGE DESCRIPTION: Paved Road
SEWER: Public Sewer Connected
TAX AMOUNT: $94,233
UNIT COUNT: 21
UTILITIES AVAILABLE: Electric, Gas
YEAR BUILT: 1900
ZONING: BA

INTERIOR FEATURES

AIR CONDITIONING: Central Air
COOLING: Central Air
FULL BATHS: 4
FURNACE TYPE: Gas In Street
HEAT: Gas In Street
HEAT FUEL: Gas In Street
LIVING SQFT SOURCE: Public Records
STORIES: 3
TOTAL BATHS: 4

EXTERIOR FEATURES

ROOF: Flat

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Community

New Haven

Shoreline, Connecticut

New Haven, Connecticut’s second largest city, is rich in cultural, commercial and educational resources. The city is home to one of the nation’s leading schools, Yale University, and a host of cultural...

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William Pitt Sotheby's International Realty

Schedule a Showing Best Day/Time

Yes, I would like more information from Sotheby's International Realty. Please use and/or share my information with a Sotheby's International Realty agent to contact me about my real estate needs.