$475,000
●
Multifamily -
Off Market
48 Kensington Street
New Haven, Connecticut 06511
7 Beds
4 Baths
3404 Sqft
$3,022
Estimated Monthly
$0
HOA / Fees
58.46%
Cap Rate
About This Property
A lucrative investment in the heart of New Haven with this fully
occupied 4-unit property. Located minutes away from downtown shops,
hospitals, highways, and Yale campus, convenience is at its peak.
Tenants benefit from proximity to major bus lines, while off-street
parking for multiple vehicles adds to the appeal. 3 of the 4
tenants are subsidized, providing immediate consistent cashflow.
4th tenant has been there for 10+years. With separate tenant
metering for gas and electric utilities, this property combines
location, occupancy, and efficiency, making it an ideal investment
for those seeking both immediate returns and long-term growth in
New Haven's thriving real estate market.
Unit Size
3,404Ft²
Days on Market
84 days
Land Size
0.27 acres
Price per sqft
$140
Property Type
Multifamily
Property Taxes
$690
HOA Dues
-
Year Built
1900
Last updated: 3 months ago (Smart MLS #170611476)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 20, 2024 | Sold | $475,000 | |
| Sold | |||
| Dec 28, 2023 | In contract | - | |
| In contract | |||
| Nov 28, 2023 | Listed by Ki Property Group | $499,000 | |
| Listed by Ki Property Group | |||
Property Highlights
Parking Details
Garage Features: Driveway, Paved, Off Street Parking
Total Parking Spaces: 4
Interior Details
Bedroom Information
Bedrooms: 7
Bathroom Information
Full Bathrooms: 4
Total Bathrooms: 4
Room Information
Total Rooms: 17
MultiFamily Total Rooms: 17
Basement Information
Has Basement
Full, Unfinished, Interior Access
Exterior Details
Property Information
Total Heated Above Grade Square Feet: 3404
Year Built Source: Public Records
Year Built: 1900
Building Information
Foundation Type: Masonry
Roof: Asphalt Shingle
Exterior: Sidewalk
Financial Details
Property Tax: $8,276
Tax Year: July 2023-June 2024
Assessed Value: $222,460
Utilities Details
Cooling Type: None
Heating Type: Hot Air, Hot Water
Heating Fuel: Natural Gas
Hot Water: 40 Gallon Tank, Natural Gas
Sewage System: Public Sewer Connected
Water Source: Public Water Connected
Location Details
HOA/Condo/Coop Amenities: None
48 Kensington Street
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Multifamily
7
Beds
3
Baths
3,888 ft²
$103/ft²
$400,000
Oct 27, 2023
$400,000
Dec 8, 2023
$712/mo
Sold
Multifamily
7
Beds
3
Baths
4,789 ft²
$100/ft²
$480,000
Aug 2, 2023
$480,000
Dec 28, 2023
$832/mo
Sold
Multifamily
8
Beds
4
Baths
3,461 ft²
$116/ft²
$400,000
Sep 19, 2023
$400,000
Dec 28, 2023
$679/mo
Sold
Multifamily
6
Beds
3
Baths
3,504 ft²
$126/ft²
$440,000
Jun 28, 2023
$440,000
Nov 6, 2023
$613/mo
Multifamily
8
Beds
4
Baths
3,472 ft²
$138/ft²
$480,000
Dec 11, 2023
$480,000
Feb 13, 2024
$721/mo
Sold
Multifamily
8
Beds
3
Baths
3,249 ft²
$137/ft²
$445,000
Feb 23, 2023
$445,000
Aug 23, 2023
$675/mo
Active
Multifamily
7
Beds
3
Baths
3,615 ft²
$144/ft²
$520,000
Nov 27, 2023
-
$602/mo
Active
Multifamily
7
Beds
3
Baths
3,671 ft²
$142/ft²
$520,000
Nov 27, 2023
-
$688/mo
In Contract
Multifamily
6
Beds
3
Baths
3,320 ft²
$140/ft²
$465,000
Jun 9, 2023
-
$629/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
48 Kensington Street
48 Kensington Street, New Haven, CT 06511
- 1 Unit for Sale
About Central New Haven
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Nearby Rentals
Listed by: Jorge Gil
Ki Property Group
Last Updated: 3 months ago
Data Source: Smart MLS, MLS# 170611476
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Ki Property Group
Last Updated: 3 months ago
Data Source: Smart MLS, MLS# 170611476
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
