91 Spring Street

New Haven, CT 06519

$370,000
Price
7
Beds
3
Baths
2,530 Sq. Ft.
$146 / Sq. Ft.
2,530
Sq. Ft.
$146
per Sq. Ft.

Description

This 3-unit multifamily investment presents a strategic opportunity for investors looking to unlock significant value. With two 2-bedroom units and one 3-bedroom unit, and tenant-paid utilities, the property offers immediate potential for equity growth. Two vacant units provide a chance for targeted renovations, allowing investors to enhance the property and bring rents to market levels. Recent closed comparables, such as 64 Spring St at $425k, 18 Dewitt St at $485k, and 246 Columbus Ave at $510k,...This 3-unit multifamily investment presents a strategic opportunity for investors looking to unlock significant value. With two 2-bedroom units and one 3-bedroom unit, and tenant-paid utilities, the property offers immediate potential for equity growth. Two vacant units provide a chance for targeted renovations, allowing investors to enhance the property and bring rents to market levels. Recent closed comparables, such as 64 Spring St at $425k, 18 Dewitt St at $485k, and 246 Columbus Ave at $510k, indicate a $46k-$131k value gap, making this asset an attractive investment with substantial upside.
  1. Listed by Lisa Cozzi • Berkshire Hathaway NE Prop.
    P: (860)-633-3674 C: (860)-508-2102 mulveylisa@gmail.com
  2. Listed by Tyler DeVecchis • Berkshire Hathaway NE Prop.
    P: (860)-633-3674 C: (860)-966-9217 tylerdevecchisrealtor@gmail.com

Property Details for 91 Spring Street

Basement Description
Full
Direct Waterfront
No
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
None
Swimming Pool
No
LISTING UPDATED: 12/11/2024 02:58 AM

Property Details for 91 Spring Street

StatusActive
MLS #24034994
Days on Market150
Taxes$5,611 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 3 Family
Year Built1900
Lot Size0.05 AC / 2,178 SF
CountyNew Haven County

Building Information for 91 Spring Street

Stories-Residences3Year Built1900Building Size-Lot Size0.05 AC / 2,178 SF

Property Information for 91 Spring 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: 41.294456
  • Longitude: -72.93271
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $5,611
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Walk-up
  • Cooling System: None
  • Heat Type: Hot Air
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Rooms Total: 16
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle, Gable
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 2530
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1250024
  • Sq Ft Est Heated Above Grade: 2530.0
  • Sq Ft Total: 2530.0
  • Zoning: RM2
Utilities
  • Heat Fuel Type: Natural Gas, Oil
  • Hot Water Description: Other
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 3
  • Total Rooms Multi Family: 16
Unit 1
  • Listing Key: 1E0517E1A4777A71E063D501100A1713
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 10-23-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Vacant
Unit 2
  • Listing Key: 1E0517E1A4777A71E063D501100A1713
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 10-23-2024
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 6
  • Unit Occupied By: Vacant
Unit 3
  • Listing Key: 1E0517E1A4777A71E063D501100A1713
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 10-23-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant

Property History for 91 Spring 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 91 Spring Street

Taxable ValueLand$18,200Additions$127,540Total$145,740
Tax Record2024$5,611 ($468 / month)
Home Facts
Baths3Total Finished SqFt2,530 SqFtAbove Grade Finished SqFt2,530 SqFtStories3Lot Size2,178 SqFtStyleTriplexYear Built1900ZoningRM2CountyNEW HAVENAPNNHVN M:265 B:0052 L:01200

Schools near 91 Spring Street

This home is within New Haven School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - 5 to 8
Rating
School
Distance
Hill Central Music Academy
PublicPK to 8

Riverside Educational Academy
Public9 to 12

Clemente Leadership Academy
PublicK to 8

Betsy Ross Arts Magnet School
Public5 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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91 Spring Street is a multi-family home for sale in New Haven, CT 06519. This property was listed for sale on July 23, 2024 by Berkshire Hathaway NE Prop., it's currently listed at $370,000. It has been on the market for a total of 150 days and was last sold on January 12, 2015. This listing's school district is New Haven School District. Nearby schools include Hill Central Music Academy, Riverside Educational Academy and Clemente Leadership Academy. 91 Spring Street is a 7-bed, 3-bath, 2,530 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., Tyler DeVecchis

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.