127 JAMES ST NEW HAVEN CT 06513-3894
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
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