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34197463
34197473

86 Cove Street, New Haven, CT 06512

DC
CT REB.0790675
RE/MAX Showcase
Listed by RE/MAX Showcase
$1,950,000
5 days on market
Updated 5 days ago

86 Cove Street

Details
Property Type Multifamily, Special Purpose
Sub Type Single Family Rental Portfolio, Apartment Building (+1)
Square Footage 4,010
Net Rentable (SqFt) 4,010
Units 4
NOI $134,400
Occupancy 25%
Tenancy Vacant
Pro-Forma NOI $134,400
Class B
Year Built 1998
Year Renovated 2025, 2018
Buildings 2
Acreage 0.500
Parking Spaces 10 spaces
Parking per 1,000 SqFt 2.49
Investment Type Net Lease
Ground Lease No

Rare 4 units Direct Waterfont

Marketing description

Welcome to 86-88 Cove Street, a rare direct waterfront four-unit building in New Haven's Cove neighborhood. This well positioned property offers a unique opportunity for both investors and owner-occupants seeking a strong income-producing asset and may be best served as a short term rental due to it's proximity to event spaces and downtown New Haven. Units feature beautiful hardwood floors, forced hot air with central air conditioning for year-round comfort, and private balconies overlooking the water and fireplaces. Bathrooms in the units have all been remodeled. 88A and 86A units have been remodeled. The building also includes a four-car garage, providing valuable parking and storage space. With its combination of location, character, and water frontage, this property is a standout multi-family offering on the market today. Seller financing available 10% down at 5% IO.

Investment highlights

direct waterfront four-unit building in New Haven's Cove neighborhood. Unique opportunity for both investors and owner-occupants seeking a strong income-producing asset and may be best served as a short term rental due to it's proximity to event spaces and downtown New Haven. The building also includes a four-car garage, providing valuable parking and storage space. Seller financing available 10% down at 5% IO.

Listing Contacts

DC
CT REB.0790675
RE/MAX Showcase
Listed by RE/MAX Showcase

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$134,400.00
$11,200.00/mo

Valuation Metrics

0
DSCR
6.89%
Cap Rate
6.89%
ROI

Map

Zoning

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RS2 ResidentialSingle FamilyGeneral Single Family Residence
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
David Candelora
License
REB.0790675
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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