485 East
New Haven, CT, 06511
$385,000
9 Beds
3 Baths
2,616 SqFt
0.07 Acres
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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.
Listing courtesy of Lisa Cozzi at Berkshire Hathaway NE Prop.

Property Details

Price:
$385,000
MLS #:
24057738
Status:
Under Contract
Beds:
9
Baths:
3
Address:
485 East
Type:
Multi Family
Subtype:
3 Family
Neighborhood:
na
City:
New Haven
Listed Date:
Nov 4, 2024
State:
CT
Finished Sq Ft:
2,616
ZIP:
06511
Lot Size:
3,049 sqft / 0.07 acres (approx)
Year Built:
1900
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Tom Vanacore is a real estate professional who takes his business extremely seriously. His results speak for themselves, as he has a proven action-oriented plan to get your home sold quickly and for the best price possible.

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