373 Blatchley Avenue

New Haven, CT 06513

$1,250,000
Price
15
Beds
9
Baths
7,716 Sq. Ft.
$162 / Sq. Ft.
7,716
Sq. Ft.
$162
per Sq. Ft.

Description

Investor's Dream! This rare 9-unit multifamily property in the heart of Fair Haven presents an incredible opportunity for investors seeking value-add potential and significant upside. Each oversized unit features ample natural light, along with updated kitchens and bathrooms. Some units are equipped with high-efficiency Navien Systems, ensuring lower operating costs. All utilities are separate and tenant-paid, which enhances cash flow potential. With several units rent-ready and actively being marketed,...Investor's Dream! This rare 9-unit multifamily property in the heart of Fair Haven presents an incredible opportunity for investors seeking value-add potential and significant upside. Each oversized unit features ample natural light, along with updated kitchens and bathrooms. Some units are equipped with high-efficiency Navien Systems, ensuring lower operating costs. All utilities are separate and tenant-paid, which enhances cash flow potential. With several units rent-ready and actively being marketed, market rent projections in the area show excellent returns-1-bedroom units renting for $1,350/month and 2-bedrooms for $1,600/month. This property is primed for immediate cash flow with significant upside. The current highest closed comparable sale within 2 miles is an 8-unit building that sold for $1.88M, proving the strength of the local market. Located just minutes from State St, I-91, I-95, and Yale University, this property is ideally situated for tenants who want easy access to all that New Haven has to offer. Also, given the large square footage, high demand for rental housing, and desirable location, this asset offers substantial room for appreciation through renovations, rent increases, or leasing out the remaining vacant units. Don't miss out on this unique chance to invest in a thriving market with value-add opportunities and strong returns!
  1. Listed by Lisa Cozzi • Berkshire Hathaway NE Prop.
    P: (860)-215-3634 C: (860)-215-3634 mulveylisa@gmail.com
  2. Listed by Molly E Bradbury • Berkshire Hathaway NE Prop.
    P: (860)-633-3674 C: (860)-878-8141 molly.lisacozziteam@bhhsne.com

Property Details for 373 Blatchley Avenue

Basement Description
Full, Unfinished, Shared Basement
Direct Waterfront
No
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
None
Swimming Pool
No
LISTING UPDATED: 11/04/2024 01:09 PM

Property Details for 373 Blatchley Avenue

StatusActive
MLS #24041226
Days on Market92
Taxes$17,833 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1910
Lot Size0.14 AC / 6,098 SF
CountyNew Haven County

Building Information for 373 Blatchley Avenue

Stories-Residences9Year Built1910Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 373 Blatchley Avenue

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.312704
  • Longitude: -72.899899
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $17,833
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Hot Water
  • Attic YN: No
  • Fireplaces Total: 0
  • Rooms Total: 42
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • New Construction Type: No/Resale
  • Roof: Gable, Tile
  • Year Built: 1910
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1243494
  • Sq Ft Est Heated Above Grade: 7716.0
  • Sq Ft Total: 7716.0
  • Zoning: RM2
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Other
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 34290
  • Gross Annual Income: 74580
  • Net Operating Income: $40,290
  • Occupied By: Tenant
  • Total Number of Units: 9
  • Total Rooms Multi Family: 42
Unit 1
  • Listing Key: 2032BC59D7D37DE2E063D501100AB5C6
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 11-04-2024
  • Unit Monthly Rent: $880
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 2
  • Listing Key: 2032BC59D7D37DE2E063D501100AB5C6
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 11-04-2024
  • Unit Monthly Rent: $995
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 3
  • Listing Key: 2032BC59D7D37DE2E063D501100AB5C6
  • Unit Entry Order: 8
  • Unit Full Baths: 1
  • Unit Modified Date: 11-04-2024
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Vacant
Unit 4
  • Listing Key: 2032BC59D7D37DE2E063D501100AB5C6
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 11-04-2024
  • Unit Monthly Rent: $1,000
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 5
  • Listing Key: 2032BC59D7D37DE2E063D501100AB5C6
  • Unit Entry Order: 7
  • Unit Full Baths: 1
  • Unit Modified Date: 11-04-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Vacant
Unit 6
  • Listing Key: 2032BC59D7D37DE2E063D501100AB5C6
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 11-04-2024
  • Unit Monthly Rent: $1,195
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 7
  • Listing Key: 2032BC59D7D37DE2E063D501100AB5C6
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 11-04-2024
  • Unit Monthly Rent: $1,045
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 8
  • Listing Key: 2032BC59D7D37DE2E063D501100AB5C6
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 11-04-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Vacant
Unit 9
  • Listing Key: 2032BC59D7D37DE2E063D501100AB5C6
  • Unit Entry Order: 9
  • Unit Full Baths: 1
  • Unit Modified Date: 11-04-2024
  • Unit Monthly Rent: $1,100
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant

Property History for 373 Blatchley Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 373 Blatchley Avenue

Taxable ValueLand$32,060Additions$431,130Total$463,190
Tax Record2024$17,833 ($1,486 / month)
Home Facts
Baths9Total Finished SqFt7,716 SqFtAbove Grade Finished SqFt7,716 SqFtStories3Lot Size6,037 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningRM2CountyNEW HAVENAPNNHVN M:168 B:0780 L:03200

Schools near 373 Blatchley Avenue

This home is within New Haven School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - K to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Lincoln-Bassett School
PublicPK to 6

Cooperative High School
Public9 to 12

Wexler/Grant Community School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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373 Blatchley Avenue is a multi-family home for sale in New Haven, CT 06513. This property was listed for sale on August 21, 2024 by Berkshire Hathaway NE Prop., it's currently listed at $1,250,000. It has been on the market for a total of 92 days and was last sold on April 29, 2004. This listing's school district is New Haven School District. Nearby schools include Lincoln-Bassett School, Bishop Woods Architecture and Design Magnet School and Cooperative High School. 373 Blatchley Avenue is a 15-bed, 9-bath, 7,716 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway NE Prop., Lisa Cozzi; Berkshire Hathaway NE Prop., Molly E Bradbury

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.