4 Button Street

New Haven, CT 06519

$380,000
Price
9
Beds
3
Baths
2,480 Sq. Ft.
$153 / Sq. Ft.
2,480
Sq. Ft.
$153
per Sq. Ft.

Description

This spacious 3-family property offers significant upside potential, located just off Lamberton and a short walk from Ella T. Grasso Boulevard. 2/3 units are already occupied with long-term tenants, both paying below-market rents. All units are a whopping 3-bedrooms. Current market rates for similar units in the area exceeding $2,000/month! With ample off-street parking, separate utilities for each unit, and rear balconies with independent entrances, this property is primed for a strategic investor...This spacious 3-family property offers significant upside potential, located just off Lamberton and a short walk from Ella T. Grasso Boulevard. 2/3 units are already occupied with long-term tenants, both paying below-market rents. All units are a whopping 3-bedrooms. Current market rates for similar units in the area exceeding $2,000/month! With ample off-street parking, separate utilities for each unit, and rear balconies with independent entrances, this property is primed for a strategic investor looking to capitalize on New Haven's growing rental market. With some TLC, the first-floor unit is ready for a new tenant-- that coupled with increasing rents in occupied units offers you a quick path to the incredible proforma cap of 13+%! Whether you're an investor looking to reposition the asset or considering it as a live-in investment, this property is being sold "as-is, where-is," -- Updated properties in the area have sold for over $480k!
  1. Listed by Lisa Cozzi • Berkshire Hathaway NE Prop.
    P: (860)-633-3674 C: (860)-508-2102 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 4 Button Street

Basement Description
Full, Unfinished, Shared Basement, Concrete Floor
Direct Waterfront
No
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
None, Paved, Off Street Parking, Driveway
Swimming Pool
No
LISTING UPDATED: 11/18/2024 06:57 PM

Property Details for 4 Button Street

StatusActive
MLS #24041236
Days on Market92
Taxes$5,657 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 3 Family
Year Built1900
Lot Size0.08 AC / 3,484 SF
CountyNew Haven County

Building Information for 4 Button Street

Stories-Residences3Year Built1900Building Size-Lot Size0.08 AC / 3,484 SF

Property Information for 4 Button Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.291032
  • Longitude: -72.936303
  • State: Connecticut
Parking
  • Parking Total Spaces: 3
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $5,657
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Access Via Hatch
  • Cooling System: None
  • Heat Type: Gas on Gas
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Rooms Total: 18
Property
Property and Assessments
  • Construction Description: Frame
  • Driveway Type: Private
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1250944
  • Sq Ft Est Heated Above Grade: 2480.0
  • Sq Ft Total: 2480.0
  • Zoning: RM2
Utilities
  • Hot Water Description: Other
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 12405
  • Gross Annual Income: 24960
  • Net Operating Income: $12,555
  • Occupied By: Tenant
  • Total Number of Units: 3
  • Total Rooms Multi Family: 18
Unit 1
  • Listing Key: 20332963DABA0C99E063D501100AAB94
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 11-18-2024
  • Unit Monthly Rent: $1,130
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 6
  • Unit Occupied By: Tenant
Unit 2
  • Listing Key: 20332963DABA0C99E063D501100AAB94
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 11-18-2024
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 6
  • Unit Occupied By: Vacant
Unit 3
  • Listing Key: 20332963DABA0C99E063D501100AAB94
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 11-18-2024
  • Unit Monthly Rent: $950
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 6
  • Unit Occupied By: Tenant

Property History for 4 Button Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4 Button Street

Taxable ValueLand$22,820Additions$124,110Total$146,930
Tax Record2024$5,657 ($471 / month)
Home Facts
Baths3Total Finished SqFt2,480 SqFtAbove Grade Finished SqFt2,480 SqFtStories3Lot Size3,485 SqFtStyleTriplexYear Built1900Year Renovated1988ZoningRM2CountyNEW HAVENAPNNHVN M:275 B:0031 L:02100

Schools near 4 Button Street

This home is within New Haven School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - 9 to 12
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Betsy Ross Arts Magnet School
Public5 to 8

Riverside Educational Academy
Public9 to 12

Truman School
PublicPK to 8

Hill Central Music Academy
PublicPK 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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Similar Sold Homes

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4 Button Street is a multi-family home for sale in New Haven, CT 06519. This property was listed for sale on August 21, 2024 by Berkshire Hathaway NE Prop., it's currently listed at $380,000. It has been on the market for a total of 92 days and was last sold on January 6, 2020. This listing's school district is New Haven School District. Nearby schools include Betsy Ross Arts Magnet School, Riverside Educational Academy and Truman School. 4 Button Street is a 9-bed, 3-bath, 2,480 sqft multi-family home built in 1900.

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.