1379 Chapel St, New Haven, CT 06511

1379 Chapel Street offers an exceptional opportunity to acquire a well-located mixed-use building consisting of seven apartments and one street-level retail suite. Positioned directly across from Saint Raphaels Hospital, the asset benefits from pedestrian traffic, rental demand tied to Yale University proximity, and long-term appreciation potential. The property provides stable in-place cash flow with upside through unit renovations and common area improvements.

The property is positioned in New Haven’s cultural and academic core, surrounded by strong demand drivers including Yale University, major medical campuses, downtown employment, and a highly walkable retail and dining ecosystem. The area benefits from steady rental pressure driven by students, professionals, and institutional affiliates seeking proximity to amenities, transit, and lifestyle conveniences. Excellent access to Union Station, local bus lines, I-95, and I-91 reinforces connectivity to regional employment markets, making Chapel Street one of the city’s most desirable residential corridors and a location well suited for long term rent growth and value preservation.

New Haven remains one of the most competitive rental markets in the nation. With constrained supply and increasing demand, rents have steadily risen, and vacancy remains low.