Alpha Capital Realty
Listed by Alpha Capital Realty
$1,100,000
747 DIXWELL AVE NEW HAVEN CT 06511
Details
APN NHVN M:289 B:0497 L:01000
Property Type Multifamily
Square Footage 5,005
Units 11
Cap Rate 7.74%
NOI $85,104
Occupancy 81.8%
Tenancy Multi
Price per SqFt $220
Year Built 1930
Buildings 1
Stories 2
Lot Size (SqFt) 7,820
Investment Type Value Add
Multifamily • 11 Units
Marketing description
This property is run as an 11 unit Multifamily home, but tax records show this as a 7/8 unit property. Being sold as-is, buyer to do their own due diligence.
- Stable in-place income with value-add upside through unit renovations and rental growth.
- Located near Yale University, Yale New Haven Hospital, and Downtown New Haven.
- Convenient access to I-91, I-95, Route 15, and public transportation.
- Strong tenant demand driven by major employers, healthcare, and higher education.
- Walkable location with nearby shopping, restaurants, and everyday amenities.
- Excellent opportunity for investors seeking cash flow and long-term appreciation.
Investment highlights
Additional units plus sub-meter utilities to shift costs to tenants, and lean out expenses, together increasing unit count and net income to build equity, making this a prime asset for the next owner
- $142,181 in trailing 12-month income (5/1/25–4/30/26), with $85,104 reported net income before taxes
- 84.4% government-backed income — 8 of 9 units on Section 8 HAP subsidy, meaning on-time, low-risk, HUD-backed rent collection
- Value-add via utility recovery — owner currently absorbs $38,789/yr in utilities (68% of all expenses), including $15,965 in common-meter electric; legalize remaining units and meter utilities
- Below-market studio rents ($1,351–$1,476 all-in) with room to raise through housing-authority renewals
- Lean expense profile — management running at ~5% of income, leaving upside for an operator who tightens utilities and rents
Listing Contacts
Alpha Capital Realty
Listed by Alpha Capital Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,104.01
$7,092.00/mo
Valuation Metrics
0
DSCR
7.74%
Cap Rate
7.74%
ROI
Map
Zoning
BA CommercialGeneral CommercialGeneral Business
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View all 214 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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