Commercial Property for Sale in New Haven Connecticut 06511

1435 State Street, New Haven Connecticut, 06511

Listing ID: CL-Connecticut-27130 Commercial Low/Mid Income Multifamily
Published on: Friday, December 12, 2025 | Updated on: Friday, December 12, 2025

Listing Summary

Rare opportunity to acquire a beautifully restored 21-unit multifamily asset in New Haven's sought-after East Rock neighborhood

Full Description

Fully Restored 21-Unit Multifamily Asset in Prime East Rock

Lee & Associates is pleased to present a rare opportunity to acquire a meticulously restored 21-unit multifamily asset in New Haven's highly sought-after East Rock neighborhood. This historic brick building, formerly the YMCA and Railroad Boarding House, beautifully blends timeless classic architecture with contemporary luxury and efficient operations.

This turnkey property offers modern resident amenities and exceptional investment stability. The assumable Freddie Mac loan provides a significant financing advantage, making this an ideal acquisition in one of Connecticut's strongest and most reliable rental markets.

 

Quick Glance

  • Listing ID: CL-Connecticut-27130
  • Status: Active
  • Year Build: 1900
  • Building Size: 19,860 SqFt
  • Lot Size: 1.40 Acre

Additional Links

Property Documents

No documents available.

Complete Details

  • Year Build: 1900
  • Building Size: 19,860 SqFt
  • No of Stories: 3
  • Total Lot Area: 1.40 Acre
  • No of Total Units: 21
  • Heating and Cooling: Heating and Cooling

Pricing Details

Additional Features

Features
  • County: South Central Connecticut Planning Region
  • Taxes: $94,233(2025)
Utilities
  • Electric, Gas
  • Sewer: Public Sewer Connected
  • Fuel: Gas In Street
Highlights
  • Rare East Rock Location & History: Acquisition of a beautifully restored, historic 21-unit brick building in the prime, highly desirable East Rock neighborhood of New Haven, minutes from Yale University and downtown.
  • Turnkey Modern Luxury: All units feature high-end modern finishes, including granite countertops, stainless steel appliances, and in-unit washer/dryers. The building boasts secure access and a fitness room.
  • Operational Efficiency & Finance: Exceptional efficiency with tenant-paid utilities (individual heating, hot water, and central air), plus the significant advantage of an assumable Freddie Mac loan at 3.8% (1% assumption fee).
  • Desirable Unit Mix & Special Features: Diverse mix of 6 studios, 10 one-bedrooms, and 5 two-bedrooms (some with two baths). Includes four ground-floor units with private rear entrances for added tenant appeal.
  • Premium Outdoor Amenities: Enhanced community appeal with modern features like six EV charging stations on handsome pavers, community garden boxes, a picnic area, and dedicated off-street parking.

Listing Location

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