48 Dixwell Avenue

New Haven, CT 06511

$2,100,000
Price
8
Beds
7,854 Sq. Ft.
$267 / Sq. Ft.
7,854
Sq. Ft.
$267
per Sq. Ft.

Description

Portfolio sale offering a rare investment opportunity at Yale University! Two abutting properties at 48 and 54 Dixwell Avenue, located within a 2-minute walk to Yale's Payne Whitney Gym, a 3-minute walk to Yale's Broadway Shopping District and the Apple Store, and a 4-minute walk to the upcoming Dixwell Plaza - New Haven's newest shopping and entertainment district (see picture). When fully developed consolidated site capable of generating $1 million+ in annual gross income. Opportunity is Ideal...Portfolio sale offering a rare investment opportunity at Yale University! Two abutting properties at 48 and 54 Dixwell Avenue, located within a 2-minute walk to Yale's Payne Whitney Gym, a 3-minute walk to Yale's Broadway Shopping District and the Apple Store, and a 4-minute walk to the upcoming Dixwell Plaza - New Haven's newest shopping and entertainment district (see picture). When fully developed consolidated site capable of generating $1 million+ in annual gross income. Opportunity is Ideal for investors seeking high returns, long-term capital appreciation, and an opportunity to engage in ground-up development in one of New Haven's most strategically positioned areas. Serious buyers are required to provide proof of funds (POF) before scheduling property viewings. A fully reconstructed four-story, two-family complex, with a ground-up renovation completed in 2021. Each unit features four bedrooms and two full bathrooms. High-end finishes include walk-in tiled showers, wall-hung toilets, and stainless steel appliances. Top-of-the-line LG Red mini split heating and cooling systems. Two levels white-box finished, offering easy-to-convert space to commercial or additional residential units. 48 Dixwell Phase 1 completed. Currently fully occupied by Yale athletes, generating a gross monthly income of $11,000 and annual net income of $100,000+ 54 Dixwell fully occupied with annual NOI of over $20,000 - bringing the CAP Rate to over 6%.
  1. Listed by Joe Scarpellino • Coldwell Banker Realty
    P: (203)-623-4422 C: (203)-623-4422 joe.scarpellino@cbmoves.com

Property Details for 48 Dixwell Avenue

Basement Description
Full, Heated, Fully Finished, Cooled, Concrete Floor, Full With Walk-Out
Direct Waterfront
No
Garages Number
0
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
None
Swimming Pool
No
LISTING UPDATED: 01/31/2025 10:36 AM

Property Details for 48 Dixwell Avenue

StatusActive
MLS #24069014
Days on Market9
Taxes$16,938 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 2 Family
Year Built1910
Lot Size0.12 AC / 5,227 SF
CountyNew Haven County

Building Information for 48 Dixwell Avenue

Stories-Residences2Year Built1910Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 48 Dixwell Avenue

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Intermediate School: Per Board of Ed
  • Latitude: 41.314358
  • Longitude: -72.93283
  • Middle Jr High School: Per Board of Ed
  • Neighborhood Amenities: Basketball Court, Medical Facilities, Private School(s), Public Transportation, Shopping/Mall
  • State: Connecticut
Parking
  • Parking Total Spaces: 0
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $16,938
Interior and Exterior Features
Exterior Features
  • Exterior Features: Sidewalk, Garden Area, Lighting, Patio
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Pull-Down Stairs
  • Cooling System: Split System
  • Heat Type: Heat Pump
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Home Automation: Lighting, Security System, Thermostat(s)
  • Rooms Total: 12
Property
Property and Assessments
  • Color: Grey
  • Construction Description: Frame, Concrete, Stucco
  • Exterior Siding: Stucco
  • Foundation Type: Stone
  • New Construction Type: No/Resale
  • Roof: Flat
  • Year Built: 1910
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Sq Ft Description: Public
  • Sq Ft Est Heated Below Grade: 1881
  • Living Area SQFT Per Public Records: 0
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1253378
  • Sq Ft Est Heated Above Grade: 5973.0
  • Sq Ft Total: 7854.0
  • Zoning: RM2
Utilities
  • Heat Fuel Type: Electric
  • Hot Water Description: Natural Gas, Tankless Hotwater
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer In Street
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 28000
  • Gross Annual Income: 126000
  • Net Operating Income: $98,000
  • Occupied By: Tenant
  • Total Number of Units: 2
  • Total Rooms Multi Family: 12
Unit 1
  • Lease: Leased
  • Lease Expires: 12-31-2025
  • Listing Key: 2BC55F92458B1C17E0631401100A48F4
  • Unit Appliances: Gas Range,Microwave,Refrigerator
  • Unit Average Sq Ft: 1200
  • Unit Entry Order: 2
  • Unit Full Baths: 2
  • Unit Modified Date: 01-31-2025
  • Unit Monthly Rent: $5,500
  • Unit Num Bedrms: 4
  • Unit Num Rooms: 6
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 12-31-2025
  • Listing Key: 2BC55F92458B1C17E0631401100A48F4
  • Unit Appliances: Gas Range,Microwave,Refrigerator
  • Unit Average Sq Ft: 1200
  • Unit Entry Order: 1
  • Unit Full Baths: 2
  • Unit Modified Date: 01-31-2025
  • Unit Monthly Rent: $5,500
  • Unit Num Bedrms: 4
  • Unit Num Rooms: 6
  • Unit Occupied By: Tenant

Property History for 48 Dixwell 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 48 Dixwell Avenue

Taxable ValueLand$64,050Additions$375,900Total$439,950
Tax Record2023$16,938 ($1,412 / month)
Home Facts
Total Finished SqFt2,070 SqFtAbove Grade Finished SqFt2,070 SqFtStories1Lot Size5,104 SqFtStyleOffice BuildingYear Built1910ZoningRM2CountyNEW HAVENAPNNHVN M:296 B:0328 L:01800

Schools near 48 Dixwell Avenue

This home is within New Haven School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Wexler/Grant Community School
PublicK to 8

James Hillhouse High School
Public9 to 12

Augusta Lewis Troup School
PublicPK to 8

Cooperative High School
Public9 to 12

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.

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48 Dixwell Avenue is a multi-family home for sale in New Haven, CT 06511. This property was listed for sale on January 22, 2025 by Coldwell Banker Realty, it's currently listed at $2,100,000. It has been on the market for a total of 9 days and was last sold on March 31, 2017. This listing's school district is New Haven School District. Nearby schools include Wexler/Grant Community School, James Hillhouse High School and Augusta Lewis Troup School. 48 Dixwell Avenue is a 8-bed, 4-bath, 7,854 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 Coldwell Banker Realty, Joe Scarpellino

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.