550 Whitney Avenue

New Haven, CT 06511

$4,200,000
Price
9
Beds
8,269 Sq. Ft.
$508 / Sq. Ft.
8,269
Sq. Ft.
$508
per Sq. Ft.

Description

550 Whitney Avenue is a 16-unit multifamily property located in the sought-after East Rock neighborhood of New Haven, CT. The property features 9 one-bedroom units and 7 studios. 2 of the studios are located on the top-floor with private roof decks. The property features off-street parking and a common laundry room. The property features strong value-add potentials. Renovations may significantly boost net income, energy efficiency, and property performance. The property already boasts brick exterior...550 Whitney Avenue is a 16-unit multifamily property located in the sought-after East Rock neighborhood of New Haven, CT. The property features 9 one-bedroom units and 7 studios. 2 of the studios are located on the top-floor with private roof decks. The property features off-street parking and a common laundry room. The property features strong value-add potentials. Renovations may significantly boost net income, energy efficiency, and property performance. The property already boasts brick exterior and private parking spaces. The property has great access to Yale campus, including the School of Management, Physics and Computer Science Department, as well as the planned Yale Science Building on Whitney and Edwards. Construction on the state-of-the-art Yale Science Building is already underway, presenting a potential boon for area multifamily properties, as demand for housing may grow with the campus expansion, and such expansion's potential impact on job growth. Its prime location boasts easy access to East Rock's vibrant boutique cafes and restaurants, as well as easy transport to nearby neighborhoods and towns. Tenants responsible for electricity. Ownership responsible for oil heating, water, and sewage.
  1. Listed by Y. George Lee • Farnam Realty Group
    P: (646)-704-7478 C: (646)-704-7478 george@farnamgroup.com

Property Details for 550 Whitney Avenue

Basement Description
Partial
Direct Waterfront
No
Expected Active Date
01-24-2025
Neighborhood
East Rock
Style
Other
Garage Parking Info
None
Swimming Pool
No
Expected On Market Date
01-24-2025
LISTING UPDATED: 01/24/2025 05:05 AM

Property Details for 550 Whitney Avenue

StatusActive
MLS #24067840
Days on Market7
Taxes$55,735 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1960
Lot Size0.55 AC / 23,958 SF
CountyNew Haven County

Building Information for 550 Whitney Avenue

Stories-Residences16Year Built1960Building Size-Lot Size0.55 AC / 23,958 SF

Property Information for 550 Whitney Avenue

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: 550 Whitney Avenue, New Haven, CT, 06511. Per GPS.
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.325729
  • Longitude: -72.916543
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $55,735
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
  • Laundry Room Info: Coin Op Laundry, Common Laundry Area
  • Rooms Total: 16
Property
Property and Assessments
  • Construction Description: Brick
  • Exterior Siding: Brick
  • Foundation Type: Block
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Flat
  • Year Built: 1960
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 8269
Lot Information
  • Lot Description: N/A
  • Parcel Number: 1247303
  • Sq Ft Est Heated Above Grade: 8269.0
  • Sq Ft Total: 8269.0
  • Zoning: RH1
Utilities
  • Heat Fuel Type: Oil
  • Hot Water Description: Other
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Income: 316680
  • Occupied By: Tenant
  • Total Number of Units: 16
  • Total Rooms Multi Family: 16
Unit 1
  • Listing Key: 2B4CD773B5271737E063D501100AF9A0
  • Unit Entry Order: 1
  • Unit Full Baths: 16
  • Unit Modified Date: 01-15-2025
  • Unit Num Bedrms: 9
  • Unit Num Rooms: 16

Property History for 550 Whitney 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 550 Whitney Avenue

Taxable ValueLand$535,500Additions$912,170Total$1,447,670
Tax Record2023$55,735 ($4,645 / month)
Home Facts
Total Finished SqFt8,269 SqFtAbove Grade Finished SqFt8,269 SqFtStories3Lot Size23,817 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningRH1CountyNEW HAVENAPNNHVN M:219 B:0460 L:02700

Schools near 550 Whitney Avenue

This home is within New Haven School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 8 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Worthington Hooker School
PublicK to 8

Polly T. Mccabe Center
Public8 to 12

Wilbur Cross 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

550 Whitney Avenue is a multi-family home for sale in New Haven, CT 06511. This property was listed for sale on January 15, 2025 by Farnam Realty Group, it's currently listed at $4,200,000. It has been on the market for a total of 7 days and was last sold on March 27, 2019. This listing's school district is New Haven School District. Nearby schools include Worthington Hooker School, Polly T. Mccabe Center and Celentano Biotech Health and Medical Magnet School. 550 Whitney Avenue is a 9-bed, 16-bath, 8,269 sqft multi-family home built in 1960.

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 Farnam Realty Group, Y. George Lee

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.