www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32323962
32323956

127 JAMES ST, NEW HAVEN, CT 06513-3894

AD
CT REB.0794751
Alpha Capital Realty
ZP
CT 0827718
Alpha Capital Realty
Listed by Alpha Capital Realty
$925,000
57 days on market
Updated 57 days ago
Opportunity zone

127 JAMES ST NEW HAVEN CT 06513-3894

Details
APN 9575
Property Type Multifamily
Square Footage 4,698
Units 8
Cap Rate 8.03%
NOI $74,242
Tenancy Multi
Pro-Forma Cap Rate 9.3%
Pro-Forma NOI $86,051
Price per SqFt $197
Class C
Year Built 1875
Stories 3
Lot Size (SqFt) 7,188
Zoning RM2
Investment Type Value Add
Sale Condition For sale by owner

High-Yield 6-Unit Multi-Family in Fair Haven

Marketing description

Well-positioned 6-unit multifamily property located in the Fair Haven neighborhood of New Haven, Connecticut. The asset offers stable in-place cash flow with additional upside through strategic rent growth and operational improvements.

The property features a diverse unit mix consisting of one-, two-, and three-bedroom apartments, catering to strong workforce housing demand in the New Haven market. Located directly across from John S. Martinez School and minutes from Downtown New Haven, Yale University, and Yale New Haven Hospital, the property benefits from a highly accessible location near major employment and educational hubs.

This investment presents an opportunity for investors to increase revenue through light unit updates, lease optimization, and professional management strategies. Existing rents remain below projected market levels, creating immediate value-add potential while maintaining strong tenant demand.

The property also benefits from dedicated on-site parking and convenient access to Interstate 91, Interstate 95, Union Station, and surrounding retail corridors, supporting long-term tenant retention and occupancy stability.

With strong in-place income, attractive projected returns, and continued demand for workforce housing in New Haven, 127 James St represents a compelling multifamily investment opportunity.

Investment highlights

  • Opportunity to increase average rents by approximately $190-$325 per unit
  • Pro forma cap rate of approximately 9.30%
  • Strong in-place cash flow with immediate upside potential
  • Diverse unit mix supporting broad tenant demand
  • Located near Yale University, Yale New Haven Hospital, and Downtown New Haven
  • Ability to enhance cash flow through light renovations and operational improvements
  • Dedicated on-site parking with strong regional connectivity
  • Workforce housing asset positioned in a high-demand rental market

Listing Contacts

AD
CT REB.0794751
Alpha Capital Realty
ZP
CT 0827718
Alpha Capital Realty
Listed by Alpha Capital Realty

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,241.74
$6,186.81/mo

Valuation Metrics

0
DSCR
8.03%
Cap Rate
8.03%
ROI

Map

Zoning

Intelligence Badge
BA CommercialGeneral CommercialGeneral Business
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 214 uses
View all 214 uses
Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Anthony DeLorenzo
License
REB.0794751
Brokerage
Alpha Capital Realty LLC
Brokerage Phone
2038147387
Title
Designated Broker
Brokerage Address
2 Enterprise Drive
Name
Zachary Pinto
License
0827718
Brokerage
Alpha Capital Realty
Brokerage Phone
2038167926
Title
Associate Director
Brokerage Address
2 Corporate Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591